{"id":1744,"date":"2025-03-03T16:51:00","date_gmt":"2025-03-03T16:51:00","guid":{"rendered":"https:\/\/gtmtax.com\/?post_type=insight&p=1744"},"modified":"2025-11-18T19:43:09","modified_gmt":"2025-11-18T19:43:09","slug":"pyxus-increases-quality-and-timely-submission-with-a-simpler-more-streamlined-approach-to-tax-preparation","status":"publish","type":"insight","link":"https:\/\/gtmtax.com\/insight\/pyxus-increases-quality-and-timely-submission-with-a-simpler-more-streamlined-approach-to-tax-preparation\/","title":{"rendered":"Pyxus Increases Quality and Timely Submission with a Simpler, More Streamlined Approach to Tax Preparation"},"content":{"rendered":"
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Pyxus increases quality and timely submission with a simpler, more streamlined approach to tax preparation<\/em><\/p>\n

Pyxus International, a global agricultural enterprise operating across 30 countries, transformed its tax accounting and reporting processes with Thomson Reuters ONESOURCE solutions and implementation guidance from GTM, a Thomson Reuters Certified Implementation Partner and an Orbitax Certified Partner. Valuing the seamless integration of tools across the Thomson Reuters ONESOURCE suite, Pyxus wanted to centralize its tax preparation processes further. The company worked with GTM to build a solution to maximize the value of the tools they were already using and create a more comprehensive suite of capabilities with additional ONESOURCE tools and products such as Alteryx and Orbitax.<\/p>\n

Challenge<\/strong><\/p>\n

Facing an increasingly complex global tax environment, Pyxus wanted to simplify and streamline its tax preparation processes and establish a digital foundation to enable the department to innovate more easily. This included bringing the tax provisioning process back in-house, minimizing manual inputs, standardizing data management and workflow, and identifying possibilities for automation.<\/p>\n

Approach and solutions <\/strong><\/p>\n

With guidance from GTM, Pyxus began its tax technology journey by finding which parts of its processes could benefit from simplification, efficiency, and innovation. GTM designed a strategic solution and implementation roadmap combining Thomson Reuters ONESOURCE\u2122 capabilities with additional solutions from Orbitax. This approach addressed Pyxus\u2019 immediate needs around streamlining and efficiency, while also setting up the tax preparation department to continually evolve and optimize. The Thomson Reuters ONESOURCE suite\u2019s out-of-the-box functionality provided an easy starting point for GTM to add additional tools to customize the solution to Pyxus\u2019 specific needs.<\/p>\n\n <\/div>\n<\/div><\/div>\n\n

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\u201cThe need for high-quality tax data is increasing exponentially. Tax departments are one of the largest consumers of data across the company, yet departments often struggle with data gathering and sensitization. Transitioning to an in-house Thomson Reuters suite of products allowed us to tackle this head on. Our partnership with GTM allows us to continuously evolve our processes in response to shifts in business processes and an ever-changing tax landscape\u201d <\/p>\n <\/div>\n