Industry challenges
Volume of supporting documents
Hundreds of documents to verify for each client file during tax season.
Tax compliance
IRS rules and state tax codes change regularly, making it hard to keep up.
Tight deadlines
April 15 filing deadlines and quarterly estimates leave little margin for error.
Liability
Your firm's liability is engaged on every validated document and signed return.
Documents processed
- —Vendor and customer invoices
- —Bank statements
- —Expense reports and receipts
- —Contracts and leases
- —W-2s, 1099s, and payroll documents
- —IRS Form 1040, 1120, and Schedule K-1
- —Balance sheets and income statements
Automatic validations
- ✓Amount consistency between invoices and payments
- ✓Validity of EIN and TIN numbers via IRS TIN Matching
- ✓Compliance of mandatory invoice details
- ✓Match between documents and general ledger entries
- ✓Verification of statute of limitations periods
- ✓Detection of duplicates and inconsistencies
Measured results
85%
time saved
99%
compliance
+30%
files processed