A clear road to lease tax data

Car maker needs better lease data analysis

Personal property tax compliance guidelines vary throughout the U.S. So, it's a daunting task for nationwide leasing companies to report and process the right property tax payments on behalf of their customers. A U.S. car manufacturer’s lease program needed a better way to manage and analyze the tax data for all of its leases. The company’s tax specialists were spending too much time capturing, calculating, processing and validating the taxes on vehicles. Plus, customer service representatives had trouble finding and sharing all of the billing details with lease customers. The company needed a faster and clearer way to process tax data, so that it could easily demonstrate compliance and itemize customer charges.

Digitizing tax data spurs analysis ability

Combining property tax and digital specialists with the right technology, Grant Thornton developed the ptvault.x solution that digitizes, analyzes and classifies tax data. The new solution uses optical character recognition to quickly capture and process tax bills, uses geo-coding to help determine local tax rates and then uses analytics to validate the data. The solution even uses automation to efficiently file returns, pay invoices and provide pass-through billback information to clients.

The company’s vehicle tax data is now more validated and accessible for internal teams. Secure access controls and visualizations give the tax and customer service teams the information they need, quickly and consistently.