The ubiquitous ERP system still reigns as the top application for the vast majority of enterprises today. Companies of all sizes depend on ERP systems for accounting and financial applications, procurement, order processing, supplier management, human resources, and more. To function effectively in this ERP world, corporate tax professionals first need a way to properly manage fixed assets and depreciation. Second they then need to integrate these tax capabilities with the ERP system for consistent, up-to-date data across the enterprise. The answer is to deploy a best-of-breed tax depreciation system that supports both accounting and the tax department’s individual needs and integrates seamlessly with ERP and tax compliance software for a closed loop process. In this paper, we’ll take a closer look at how this combination delivers the best of both worlds for the corporate tax department.