Tax Software facilitates sales and use tax return filing.

Press Release Summary:



With FilePoint, users can import data from any system with mappings to minimize amount of work required to commence return preparation. Software provides variety of return formats, including paper replicas, EDI data files, and Web filing reports. Program's reporting function reconciles all imported data against amounts that were adjusted or held during preparation process. Users are presented with global view of all adjustments, as well as form-by-form reconciliation.



Original Press Release:



Second Decimal Releases "FilePoint" System for Preparation of Sales and Use Tax Returns



BURLINGTON, Mass., -- Second Decimal, LLC, a technology company that transforms corporate tax departments through an innovative approach and design that combines the power of tax expertise and technology, today announced the release of FilePoint--its newest product designed to facilitate sales and use tax return preparation and filing.

Current market dynamics are forcing an increasing number of companies to cut back on resources across their tax departments. This adds further strain to the already overwhelmed resources of organizations with manual sales and use tax return preparation processes. FilePoint helps address these challenges by improving the efficiency of tax return preparation through automation and improved control over every aspect of the process.

FilePoint supports the import of data from any system with easy mappings to reduce the amount of work required to commence return preparation. The system provides a litany of return formats, including paper replicas of returns, Electronic Data Interchange (EDI) data files for electronic transmission, and Web filing reports that can be used to enter data in jurisdictions that support Web filing. Robust reporting provides a complete reconciliation of all imported data against amounts that were adjusted or held during the preparation process. Users are presented with a global view of all their adjustments, as well as form-by-form reconciliation. Additionally, FilePoint is also ideal for firms that want to drive additional efficiencies when preparing returns as a service, allowing them to organize clients as "tenants" using the multi-tenant features of the application.

"The system is ideally suited for companies that want to use software in the returns preparation process because it is much more efficient than manual preparation," said Jayme Fishman, CEO of Second Decimal. "The system also provides several key benefits over competitive technologies, such as powerful reporting capabilities, increased flexibility to place amounts on hold for future filings, and the ability to override data to ensure consistency across source systems and facilitate data mapping."

About Second Decimal

Second Decimal is a technology company that transforms corporate tax departments through an innovative approach and design that combines the power of tax expertise and technology. Second Decimal infuses the intellectual capital of the most seasoned tax and technology experts in the industry with a suite of intuitive and powerful software applications that exponentially improve accuracy, productivity, and processes. For more information, please visit www.seconddecimal.com or call 781.229.0800.

CONTACT: Jayme Fishman, CEO of Second Decimal, LLC, +1-781-229-0800, jayme.fishman@seconddecimal.com

Web Site: www.seconddecimal.com

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