Coopers & Lybrand was using an outside partnership tax return preparation service bureau to prepare all partnership tax returns nationwide. Use of this service was costing the company millions of dollars annually in fees to this outside vendor, due to "special allocations" and oil and gas depletion schedules needed for the preparation of these clients' tax returns. Fees collected in this process were simply being turned around and paid out to the tax service bureau. It was decided that the company needed to find a means to retain these fees instead of merely collecting them for this vendor.
Delivered fully-functional programs to all the company's locations within four months, eliminating the company's dependence on the outside tax service bureau and making it possible to retain fees that had been originally collected and turned over to the outsourcing vendor. This resulted in $3 million in increased net income in the first tax year. Net income jumped to $4 million in the second year and to $6 million in the third year. Received an award for "Best Software Developed" by Coopers & Lybrand for the 1065K-1 Partnership Print Program and the Oil and Gas Depletion Program.