Client Stories

How HTP Went From Manually Calculating Taxes for 77.5% of Its States to Complete Real-Time Automation

Hours saved monthly in tax compliance work
Reports calculated, prepared, and filed accurately every month

Time freed up to spend on risk management tactics

The Problem

HTP Energy, a nationwide energy provider, files 170 excise tax returns monthly in 40 states between four tax team members.

They used an excise tax provider to calculate taxes and generate their returns, but the process was clunky and inefficient. They could only calculate taxes in 9 of the states they did business with. That’s just 22% of all the states they filed in.

“The rest of the states we had to calculate manually; it wasn’t flexible,” said Allan Hanson, Tax Manager in the Motor Fuels Division at HTP Energy.

As HTP Energy expanded into more states, they knew automation was the answer but needed a cost-effective solution.

With a fast-approaching renewal date, HTP Energy knew there had to be a more advanced and economical technology on the market.

The Solution

HTP Energy partnered with IGEN to digitally transform their tax compliance process. They’ve automated tax determination, data preparation, and form generation with ComplyIQ powered by IGEN.

“IGEN was the best fit for us, the solution fits our business model and scales with us as we expand,” said Hanson. “It doesn't matter if it’s Alabama or Wisconsin; we’re doing things the same way, and that’s lessened the burden of adding more states to our business.”

The Results

“Being able to calculate the taxes on all 40 states without touching them is huge; it’s sped up our process tremendously,” said Hanson. “In addition, the data prep and form generation capabilities probably save us 40 hours a month in filing.”

With a week of saved time each month, HTP Energy’s team can elevate their team members to other value-added work within the business.

With digital transformation, HTP Energy:

  • Saves 40 hours a month filing their 170 reports for 40 states
  • Stopped manually calculating 77.5% of states they do business in to automatically calculating taxes in all 40 states, in real-time
  • Prioritizes team time to focus on risk management tactics such as defending audits and completing licensing projects from other verticals of the business
  • Digitally transformed their previous process from rigid and unaffordable to personalized and efficient
This analysis is intended for informational purposes only and is not tax advice.  For tax advice, consult your tax adviser. See the full disclaimer here.

Talk to an expert:

Don't forget to share this story!