“A new company called Liquid Engines Inc. can’t do much about death, but corporate taxes are another matter.
At a time when technology start-ups are rare and technological innovation even rarer, this Sunnyvale, Calif.-based company plans to launch an entire suite of products designed to help companies manage financial performance. The first product, out later this month, is tax-planning software that can, Liquid Engines claims, fully analyze in 5 to 10 minutes the kinds of mind-numbing tax situations that typically keep teams of consultants busy for weeks – situations involving perhaps scores of business units operating across dozens of states, each with hundreds of unique tax regulations.
Relying on a powerful econometric modeling technique called hedonics, the software can cope with any number of financial constraints and variables and zero in on the optimal solution to virtually any corporate tax-planning problem, claims CEO Joe Fantuzzi.”
Editor’s Note: this article starts mid-way down the page (it’s the second of two articles in CFO’s July techwatch section).
Author: John Verity
Source: CFO Publishing
Subjects: Finance, IT / Technology / E-Business
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