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Tax Process Makeover

A Modernization Success Story

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LSB Industries automates its tax processes to catch up with modern times

Client

LSB Industries

Industry

Manufacturing

Estuate Expertise

Data and Analytics

About the Client

LSB Industries is a manufacturing, marketing, and engineering company with a global presence. The company manufactures and sells chemical products for agricultural, mining, and industrial markets. LSB has four chemical production facilities located in Arkansas, Alabama, Oklahoma, and Texas for industrial, mining and agricultural markets.

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Case Study

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Business Challenge

LSB Industries was looking for a solution to help them their tax processes because:

  • Their current tax processes were tedious and involved a lot of time and manual efforts
  • Manual taxation exposed them to the risk of miscalculation of taxes and inaccuracy
  • With changing business conditions, they had to take measures to ensure tax compliance

Estuate Solution

Estuate delivered a solution to improve taxing processes and tax management at LSB Industries.

  • Automated and optimized sales tax calculation, management, and reporting processes
  • Integrated Avalara Tax Management software with LSB’s JD Edwards application for seamless taxation
  • Provided access to tax rates and taxability databases to ensure accuracy in sales tax calculation

Business Impact

Estuate’s customized solution benefited LSB Industries in more ways than just simplified taxing. The benefits inculded:

  • Improved productivity of LSB’s tax department with high accuracy and low error rate
  • Increased speed in processing tax calculation and minimum manual effort
  • Cost savings due to process efficiencies and use of a fully automated taxation platform

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