Lyon Solutions Caps Lion Nathan’s Tax Bottlenecks

Sydney, NSW 24 July 2007 — Lyon Solution Services (LSS) has provided valuable advice to Lion Nathan Limited on streamlining its systems and processes to capture and analyse GL transactions for FBT and Income Tax purposes.
LSS performed a comprehensive review of the end-to-end systems and processes used to capture and analyse GL transactions for tax purposes, including its Ariba procurement and MFG/PRO General Ledger systems.
LSS also reviewed Lion Nathan’s in-house systems to track and capture fringe benefits and entertainment expenses relating to the numerous events sponsored by Tooheys, Castlemaine XXXX and the group’s other premium brands.

Natasha Thompson, Lion Nathan’s Tax Manager commented “As a good corporate citizen, Lion Nathan upholds stringent standards in meeting its tax and FBT compliance obligations. However, due to manual inefficiencies in our current systems and processes, our Business Services Team was wasting a substantial amount of time collating information and preparing Income Tax and FBT calculations. By implementing the recommendations made by Lyon Solution Services we are aiming to halve our Income Tax and FBT compliance burden.”

About Lyon Solution Services

Lyon Solution Services Pty Limited was founded by Managing Director, Duncan Lyon. LSS works with large corporations to streamline and control their group tax operations by improving tax processes and systems, evaluating, selecting and rolling out effective technology solutions. LSS is based in Sydney, Australia. For more information, please visit www.lyonsolutions.com.au.

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