A comprehensive tax management solution that includes compliance, audit defense, recovery, and consulting services specifically designed for insurance companies. Features include automated tax calculations, filing, and reporting with insurance-specific tax treatments.
Tools that address the complex tax requirements of insurance companies, including premium taxes, federal income taxes, and international tax considerations.
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Regulatory Updates System is regularly updated with latest tax codes and regulations. |
Product website notes regular updates for compliance with latest tax codes and regulations as part of its compliance services. | |
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Jurisdictional Coverage Number of regions/countries supported for compliance. |
No information available | |
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Audit Trail Comprehensive tracking of changes for compliance and auditing purposes. |
Comprehensive audit defense and compliance implies existence of detailed audit trails. | |
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Filing Assistance Guided workflows for regulatory filings (e.g., premium, income, sales taxes). |
Filing automation features and guided compliance workflows are specifically mentioned in product description. | |
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Statutory Reporting Automatically generates regulated statutory and compliance reports. |
Automated statutory and compliance report generation referenced in 'reporting' and 'statutory' feature descriptions. | |
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Legal Entity Mapping Ability to map and manage multiple legal entities to their unique compliance requirements. |
Insurance company focus with multiple entities and jurisdictions handled by customizable compliance workflows. | |
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Exemption Management Tracks, applies, and reports on tax exemptions for specific products or entities. |
No information available | |
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Retention Policy Management Automated data/document retention in accordance with legal requirements. |
No information available | |
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Global Tax Support Supports regulatory requirements for multinational & cross-border transactions. |
Recovery, compliance, and consulting for multinational insurers implies global tax support. | |
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Regulatory Alerting Notifies users of upcoming or recent changes in relevant tax legislation. |
No information available | |
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FATCA/CRS Compliance Ensures product supports reporting under the US Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS). |
FATCA and CRS referenced in insurance regulatory compliance for multinational companies on product pages. | |
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Insurance-Specific Tax Compliance Supports unique insurance-related tax requirements (e.g., premium taxes, excise taxes). |
Insurance-specific premium, surplus lines, and excise tax calculation and filing highlighted by Ryan. |
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Core System Integration Direct connectivity with insurance policy administration, claims, and billing systems. |
No information available | |
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ERP Integration Support for standard integration with ERP systems (SAP, Oracle, etc.). |
No information available | |
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Data Import/Export Ability to import/export transactional data in common formats (CSV, XML, API, etc.). |
Automated import/export of tax and transactional data referenced in suite's integration features. | |
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Bank Connectivity Interfaces with banking systems for tax payments and reconciliations. |
No information available | |
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API Availability Accessible APIs for custom integrations. |
No information available | |
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Single Sign-On (SSO) Supports enterprise identity management for seamless user access. |
No information available | |
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Cloud Data Connectors Ready-to-use connectors for popular cloud storage and SaaS applications. |
No information available | |
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Data Validation on Import Automated validation and reconciliation of data on system entry. |
No information available | |
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Third-Party Service Integration Pre-built integration with third-party compliance, analytics, and document management services. |
No information available | |
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Custom Integration Toolkit Comprehensive developer toolkit for building bespoke integrations. |
No information available |
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Premium Tax Calculation Automatically calculates insurance premium taxes across jurisdictions. |
Ryan Tax Automation Suite centralizes and automates premium tax calculations by jurisdiction. | |
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Federal Income Tax Calculation Supports all aspects of corporate federal income tax calculation. |
No information available | |
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Deferred Tax Management Tracks and calculates deferred tax assets and liabilities. |
No information available | |
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Real-time Calculation Speed Time taken to perform tax calculation for a typical transaction batch. |
No information available | |
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Multi-state/Province Tax Calculation Handles calculations for entities operating in multiple regions. |
Handles multi-jurisdiction insurance clients with multi-state/province support. | |
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Tax Withholding Support Manages and automates withholding requirements where applicable. |
No information available | |
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Batch Filing Processing Enables submission and processing of tax filings in batch mode. |
Batch filing mentioned for rapid submission of tax forms across jurisdictions. | |
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Adjustments and Reconciling Supports adjustments to tax calculations for prior errors or changes. |
No information available | |
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International Tax Support Calculates taxes for cross-border operations, considering treaties and local laws. |
International tax support cited in handling multinational insurers and cross-border compliance. | |
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Auto-Filing Enables direct or guided electronic submission to tax authorities. |
Direct electronic filing automation for tax authorities indicated in product overviews. | |
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Payment Processing Facilitates automated payment of tax liabilities. |
Automated payment processing for insurance taxes part of the solution's claim of automation from calculation to payment. |
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Custom Report Builder Ability to design and save custom reports. |
Product supports custom report designs and statutory report customization. | |
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Scheduled Reporting Automated report generation based on predefined schedules. |
Automated reporting for compliance and scheduling referenced. | |
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Drill-down Analytics Interactive analysis with the ability to drill down into transactional and summary data. |
No information available | |
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Export Formats Number of supported export document formats (PDF, Excel, etc.). |
No information available | |
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Dashboards Real-time visual dashboarding of compliance and financial metrics. |
Dashboards and analytics included with compliance and financial metrics visibility. | |
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Variance Analysis Compares actuals vs. expected or budgeted tax positions. |
No information available | |
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Statistical Analysis Tools Built-in tools for tax trend and anomaly identification. |
No information available | |
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Report Distribution Automated and secure distribution of reports to stakeholders. |
No information available | |
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Visualization Options Number of graph/chart types supported in dashboards. |
No information available | |
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Audit Reporting Dedicated reports for internal and regulatory audit processes. |
Audit-ready reporting offered by Ryan, tailored for regulatory/internal audit. | |
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Ad-hoc Report Generation Ability to quickly generate reports with custom filters and criteria. |
No information available |
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Role-based Access Control Customizable security and permissions based on roles. |
Role/permission settings alluded to as part of security and workflow management. | |
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Multi-language Support Number of languages the interface and reports are available in. |
No information available | |
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Mobile Access Availability of full-featured mobile or tablet versions. |
No information available | |
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Web-based Interface Accessible via browser, removing dependency on local installs. |
Access through a secure, web-based portal highlighted for distributed insurance clients. | |
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Customizable Workflows Users can modify and automate their workflows for specific processes. |
Customizable workflows described for client-specific compliance needs. | |
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Accessibility Compliance System adheres to recognized accessibility standards (such as WCAG). |
No information available | |
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User Self-service Configurations Users can configure personal preferences, dashboards, and notifications. |
No information available | |
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In-app Help & Tutorials Integrated walkthroughs and help resources. |
Help/tutoring and client education referenced as available within solution support ecosystem. | |
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Multi-Tenancy Supports multiple companies/entities within a single instance. |
Multi-tenancy supported for insurance groups managing multiple entities/subsidiaries on a single platform. | |
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Keyboard Navigation Full keyboard accessibility for fast, efficient navigation. |
No information available |
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Encryption at Rest All data is encrypted while stored. |
Enterprise-grade security for insurance compliance includes encryption at rest. | |
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Encryption in Transit Data is encrypted while being transmitted. |
Encryption of transmitted data is a standard for finance-oriented SaaS products and referenced in Ryan security documentation. | |
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Multi-factor Authentication User access requires more than one form of verification. |
No information available | |
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GDPR/CCPA Compliance Adheres to European and Californian data privacy laws. |
Compliance with GDPR/CCPA is required by major insurers; referenced in product privacy documentation. | |
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User Activity Logging All user actions are logged for monitoring and incident response. |
User activity logging forms part of the audit and compliance architecture. | |
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Data Masking Sensitive data can be hidden from unauthorized users. |
No information available | |
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Disaster Recovery RPO Maximum tolerable period in which data might be lost due to an incident. |
No information available | |
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Role-based Data Access Access to sensitive information restricted based on user roles. |
No information available | |
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Audit Log Retention Period for which audit logs are retained. |
No information available | |
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Penetration Testing System is subject to regular external security testing. |
No information available |
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Custom Tax Rule Engine Users can configure bespoke tax rules/logic without code. |
Custom rule logic engine for premium and local insurance tax rules described. | |
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Number of Concurrent Users Supported simultaneous user sessions. |
No information available | |
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Multi-entity Support Handles multiple business units, companies, or subsidiaries. |
Multi-entity (subsidiary/branch) support is noted for large insurance clients. | |
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Transaction Volume Capacity Maximum number of financial transactions processed per day. |
No information available | |
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Configurable Workflows Ability to customize process flows to align with business practices. |
Configurable process flows referenced under customizable workflow features. | |
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Growth Readiness System design supports rapid onboarding of new products, lines, or geographies. |
Product messaging includes readiness for insurer growth, geographic expansion, or new product launches. | |
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Custom Field Creation Users can add custom data fields. |
Custom data capture and field creation available for varying insurance reporting requirements. | |
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Environment Migration Tools Tools for moving configurations, workflows, and data across environments. |
No information available | |
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Limitless Data Storage Support for virtually unlimited data records. |
Scalable storage advertised to handle large-volume insurance tax data. | |
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Resource Elasticity Automatic allocation of compute and storage resources as data volume scales. |
No information available |
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Automated Data Extraction Uses OCR or data feeds to pull information from source systems. |
No information available | |
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Scheduled Processing Tasks (such as batch calculations or filings) can be scheduled for automatic execution. |
Recurring, scheduled processing (filing, calculation, report) described as a benefit. | |
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Error Detection/Exception Handling Automatically flags anomalies for user review. |
Error and exception detection forms part of audit defense and automated review workflows. | |
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Workflow Notifications Automated email or in-app notifications for tasks and deadlines. |
Notifications by email or system alert for deadlines, review stages, and filings referenced. | |
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Approval Workflow Supports multi-step, multi-user approval of calculations and filings. |
No information available | |
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Document Generation Auto-generates standardized tax-related forms and supporting documents. |
Automated form/document generation specifically described for filings and regulatory submissions. | |
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Reconciliation Automation Automated matching and reconciliation of financial statements and tax returns. |
Automated reconciliation of filings and financial statements included in workflow automation. | |
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Dynamic Task Assignment Tasks can be automatically assigned based on workflow stage, role, or availability. |
No information available | |
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Retention Workflow Management Automates document retention, archival, and deletion based on policy/requirements. |
No information available | |
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Automated Reminders System generates reminders for key milestone deadlines. |
Automated reminders and compliance follow-ups included as notification features. |
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Multi-currency Support Handles transactions and tax calculations in multiple currencies. |
Handles multi-currency insurance tax and transactions as part of cross-border and multinational support offering. | |
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Local Tax Rules Engine Supports custom rule definition to address distinct rules by locality. |
Product includes local tax rules and customizable rule engines by jurisdiction/locality. | |
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Translation Management Automated or manual translation of interface, documentation, and reports. |
No information available | |
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Cross-border Transaction Handling Ensures correct application of treaties, international taxes, and compliance rules. |
International/cross-border transaction handling provided for global insurance tax compliance. | |
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Country-specific Templates Prebuilt forms and templates for country-specific reporting/filing. |
Country-specific templates and forms mentioned as supporting global insurance operations. | |
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Foreign Subsidiary Management Associate and manage tax profiles for multiple international subsidiaries. |
Foreign subsidiary support in multinational insurance groups covered by legal entity management. | |
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Currency Conversion Automation Auto conversion of values and reporting in local and base currencies. |
Currency conversion automation cited as part of cross-border calculation/reporting features. | |
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Localization of Dates/Numbers Adapts date, number, and currency formats by user locale. |
No information available | |
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International Document Support Supports global document standards (XBRL, XML, etc.). |
Documentation and filings in global (XBRL/XML) formats described for international clients. | |
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Cross-border Data Privacy Compliance Implements and tracks compliance with international data privacy requirements. |
Privacy compliance and tracking of cross-border requirements referenced as core compliance functions. |
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Internal Messaging Built-in communication tools for team discussions and queries. |
No information available | |
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Commenting/Annotations Ability to comment or annotate specific calculations, documents, or workflow steps. |
No information available | |
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Task Assignment Users can assign tax tasks and track completion status. |
No information available | |
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Approval Routing Route approvals to appropriate stakeholders with full tracking. |
No information available | |
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Document Collaboration Multiple users can jointly prepare, edit, or review documents. |
No information available | |
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Notifications and Alerts System provides timely alerts on changes, deadlines, or approvals. |
Automated deadline/alert system and compliance updates included in collaboration/notification features. | |
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Document Sharing Controls Granular controls on document sharing, print, and download permissions. |
No information available | |
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Workflow Status Tracking Real-time visibility of progress and workloads across teams. |
No information available | |
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External Auditor Access Provision of secure, time-limited access to external auditors. |
No information available | |
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Knowledge Base / Wiki Central repository for tax policies, FAQs, and best practices. |
Product offers a searchable knowledge base and best practice wikis for compliance/tax guidance. |
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24/7 Helpdesk Availability of support staff around the clock. |
24/7 helpdesk alluded to in Ryan's global client support model. | |
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Online Documentation Comprehensive up-to-date user guides and FAQs. |
Ryan's portal features up-to-date online documentation and user guides. | |
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Implementation Support Guided onboarding and implementation available. |
Implementation/onboarding services are offered as part of the Tax Automation Suite engagement. | |
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Knowledge Base Access Access to searchable database of technical and tax domain information. |
Knowledge base access highlighted as a self-service and support resource. | |
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User Community Forum Online community for sharing experiences and advice. |
Ryan user community forum exists for shared help among client base. | |
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Training Programs Structured training and certification for users. |
Training, onboarding, and certification described for clients and partners. | |
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Dedicated Account Manager Assignment of a dedicated customer success manager. |
Dedicated account managers are assigned to large clients per Ryan's client service offering. | |
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Service Level Agreement (SLA) Commitment to minimum uptime and maximum response time. |
SLAs are offered for uptime/response times per Ryan support contracts. | |
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Multi-channel Support Support available via phone, email, and chat. |
Support available via phone, email, and chat per client support documentation. | |
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Release Notes and Product Updates Regular communication of new features and bug fixes. |
Product update/release notes are part of Ryan's communication to clients. |
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