No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, October 22, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home IRS & Taxes

Pyxus and tax technology implementation success

by TheAdviserMagazine
2 months ago
in IRS & Taxes
Reading Time: 4 mins read
A A
Pyxus and tax technology implementation success
Share on FacebookShare on TwitterShare on LInkedIn


How a partnership approach transformed tax operations across 30 countries.

Two companies. Similar size, similar tax challenges, identical technology budgets. One transformed its tax operations in just eight months. The other struggled for two years with limited results. What made the difference?

At Thomson Reuters, we’ve seen that true transformation isn’t driven by technology alone. It’s shaped by how organizations orchestrate the entire implementation ecosystem. Our trusted partner network, featuring certified implementers like GTM and solution providers like Orbitax, plays a pivotal role in delivering consistent, high-impact results.

Pyxus International’s global rollout offers a compelling example of what’s possible when the right partnership model is in place from the start.

 

Jump to ↓

 

 

What successful tax technology implementations have in common

Many organizations focus primarily on technology features when planning implementations. However, leading tax departments understand that success requires coordinated expertise across multiple dimensions:

Deep product knowledge across integrated solutions
Proven methodologies for organizational change
Industry-specific experience with tax workflows
Strategic orchestration of people, processes, and technology

Consider Pyxus International, a global agricultural enterprise operating in 30 jurisdictions, each with unique tax requirements. Their goal is to simplify tax preparation while laying a digital foundation for future innovation.

“The need for high-quality tax data is increasing exponentially,” explains Ashley Bristow, Sr. Tax Director at Pyxus. “Tax departments are one of the largest consumers of data across the company, yet they often struggle with data gathering and sensitization.”

Building the right implementation approach

Successful tax technology implementations don’t happen by chance. They’re built on strategic planning and expert execution. The most effective approaches combine integrated platforms with certified expertise to meet both immediate operational needs and long-term strategic goals.

For Pyxus, GTM crafted a tailored solution that integrated Thomson Reuters ONESOURCE with Orbitax technologies. This approach addressed current challenges while positioning the tax department for ongoing adaptability.

Three critical success factors for tax technology implementation

Three core elements consistently separate high-performing implementations from those that fall short:

1. Deep product expertise

Understanding how integrated solutions work together
Best-practice configurations
Experience across multiple solution providers

2. Proven implementation methodology

3. Industry-specific experience

Familiarity with tax department workflows
Knowledge of compliance requirements (e.g., Pillar 2)
Insights into common implementation challenges

Defining success through measurable outcomes

For Pyxus, success meant more than adopting new tools. It meant achieving lasting impact. Through a strategic collaboration with GTM, and by leveraging ONESOURCE and Orbitax, Pyxus reimagined its tax operations across three dimensions:

Operational excellence

ONESOURCE Income Tax became the backbone of Pyxus’s solution, enabling the team to:

Strategic enablement

The integrated approach allowed tax professionals to:

Review and update data outside peak periods
Focus on meaningful tax inputs and calculations
Improve audit clarity and traceability

Future-ready scalability

With consolidated tools and seamless data sharing, Pyxus is now equipped to:

Why the TR, GTM, and Orbitax partnership works

The success of Pyxus’s transformation wasn’t just about using the right tools, it was about choosing the right partners. This collaboration brought together a powerful mix of technology, expertise, and strategic alignment.

Three key selection criteria that drive results

1. Integrated platform architectureONESOURCE is purpose-built as a unified platform, enabling certified partners to build scalable, tailored solutions.

2. Strategic partner ecosystemThomson Reuters maintains a curated network of certified implementers and specialized providers, ensuring consistent methodologies and simplified vendor management.

3. Continuous innovationOngoing investments in platform enhancements and emerging technologies ensure implementations remain current and future-ready.

This comprehensive, collaborative model enabled Pyxus to achieve global transformation with both immediate impact and long-term value.

How ongoing collaboration drives continuous value

Tax transformation isn’t a one-time event — it’s an ongoing journey. The most successful technology implementations extend far beyond go-live.

Continuous value drivers

Platform evolution: ONESOURCE enhancements roll out automatically, minimizing disruption.

Regulatory adaptation: Integrated platforms and partner support help organizations respond to changes like Pillar 2 quickly and seamlessly.

Strategic growth support: Whether expanding into new markets or integrating acquisitions, the ecosystem provides a scalable foundation.

Partner coordination: Ongoing relationships with GTM and Orbitax ensure continuous optimization and strategic evolution.

Ready to explore your tax transformation?

Connect with our team to discuss your specific tax challenges and transformation goals.

 

 

GTM is a leading provider of corporate tax solutions. GTM’s unique approach centers on flexible solutions built to fit each client’s needs, delivering hands-on expertise and lasting value. GTM’s comprehensive core services include tax provision, income tax compliance, international tax, transfer pricing, sales and use tax, property tax, tax automation, tax training, tax credits and incentives, and tax consulting and planning — all delivered without red tape or corporate baggage. Learn more at https://gtmtax.com/.



Source link

Tags: ImplementationPyxusSuccesstaxTechnology
ShareTweetShare
Previous Post

7 Times Bad Financial Advice Is Actually Good

Next Post

More Than a Box To Check: Why Professional Development Matters

Related Posts

edit post
Adjusted Gross Income (AGI) Explained

Adjusted Gross Income (AGI) Explained

by TheAdviserMagazine
October 21, 2025
0

As a taxpayer, you’ve undoubtedly heard about adjusted gross income, or AGI, which plays a pivotal role in your taxes....

edit post
New 100% Tax Write-Offs Under the Big Beautiful Bill |

New 100% Tax Write-Offs Under the Big Beautiful Bill |

by TheAdviserMagazine
October 21, 2025
0

If you’re a small business owner or real estate investor in the United States, the One Big Beautiful Bill Act,...

edit post
Partial Payment Installment Agreements Explained  

Partial Payment Installment Agreements Explained  

by TheAdviserMagazine
October 21, 2025
0

Key Takeaways  A Partial Payment Installment Agreement (PPIA) lets taxpayers pay off IRS debt through affordable monthly payments based on...

edit post
Tax Brackets 2025: How They Work, Examples, and Myths

Tax Brackets 2025: How They Work, Examples, and Myths

by TheAdviserMagazine
October 20, 2025
0

Updated tax brackets for the year 2025. Your tax bracket shows you the tax rate that you will pay for...

edit post
Tax Basics for Teens | Do Teens Have to File Taxes

Tax Basics for Teens | Do Teens Have to File Taxes

by TheAdviserMagazine
October 20, 2025
0

Updated for tax year 2025. Are you filing your taxes for the first time this year? Filing an income tax...

edit post
Guide to Tax Form 1099-LTC

Guide to Tax Form 1099-LTC

by TheAdviserMagazine
October 20, 2025
0

If you’ve received a 1099-LTC tax form this tax year, it’s likely because you were paid long-term care benefits or...

Next Post
edit post
More Than a Box To Check: Why Professional Development Matters

More Than a Box To Check: Why Professional Development Matters

edit post
How Cradle leverages Dutch Visa for international talent to build AI-powered biology solutions

How Cradle leverages Dutch Visa for international talent to build AI-powered biology solutions

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

October 9, 2025
edit post
Banking, consumption and healthcare to lead market gains: Shibani Sircar Kurian

Banking, consumption and healthcare to lead market gains: Shibani Sircar Kurian

0
edit post
Murray Rothbard on Communism and Cuba

Murray Rothbard on Communism and Cuba

0
edit post
Veteran Trader Peter Brandt Says “MSTR Could Go Underwater” If Bitcoin Repeats 1977 Soybean Crash

Veteran Trader Peter Brandt Says “MSTR Could Go Underwater” If Bitcoin Repeats 1977 Soybean Crash

0
edit post
Emergency Fund Sizes Gen Z Should Aim for by Age 25

Emergency Fund Sizes Gen Z Should Aim for by Age 25

0
edit post
StoneX Group – SNEX: Der Finanzdienstleister hat Bock auf Wurst!

StoneX Group – SNEX: Der Finanzdienstleister hat Bock auf Wurst!

0
edit post
An 86-Year-Old Grandmother Was Scammed Out of 0,000 in Life Savings. Should the Banks Be Held Responsible?

An 86-Year-Old Grandmother Was Scammed Out of $700,000 in Life Savings. Should the Banks Be Held Responsible?

0
edit post
Veteran Trader Peter Brandt Says “MSTR Could Go Underwater” If Bitcoin Repeats 1977 Soybean Crash

Veteran Trader Peter Brandt Says “MSTR Could Go Underwater” If Bitcoin Repeats 1977 Soybean Crash

October 22, 2025
edit post
StoneX Group – SNEX: Der Finanzdienstleister hat Bock auf Wurst!

StoneX Group – SNEX: Der Finanzdienstleister hat Bock auf Wurst!

October 22, 2025
edit post
Genflow Biosciences announces second European patent application (GENFF:OTCMKTS)

Genflow Biosciences announces second European patent application (GENFF:OTCMKTS)

October 22, 2025
edit post
Banking, consumption and healthcare to lead market gains: Shibani Sircar Kurian

Banking, consumption and healthcare to lead market gains: Shibani Sircar Kurian

October 22, 2025
edit post
7 Types of Financial Advisors & When to Hire Them

7 Types of Financial Advisors & When to Hire Them

October 21, 2025
edit post
Oil maintains gains on supply risks and US plan to refill strategic reserves

Oil maintains gains on supply risks and US plan to refill strategic reserves

October 21, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Veteran Trader Peter Brandt Says “MSTR Could Go Underwater” If Bitcoin Repeats 1977 Soybean Crash
  • StoneX Group – SNEX: Der Finanzdienstleister hat Bock auf Wurst!
  • Genflow Biosciences announces second European patent application (GENFF:OTCMKTS)
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.