Tax Compliance

Tax compliance involves processing long, winded form tax documents such annual tax reports and partnership documentation like K-1 forms. These documents can be numerous and varied and require more technology than simple RPA solutions.

Overview

Tax compliance is ongoing burden held by accountants and companies that are required to complete quarterly and annual reporting. These documents can contain structured and unstructured information such as the notes section which often contain valuable information. Manual processes eat up expensive resources and rules-based technologies often don't get the job done.

 

Solution

Leverton’s AI extraction software learns as it processes – handling even the most nuanced tax and compliance matters. Leverton extracts data from K-1 partnership documents along with other international tax forms to provide a holistic solution for getting data out of tax contracts.

Leverton
Leverton

Case Study

Leverton provided automated extraction of key data points from complex K-1 partnership tax documents, including the notes pages, for several leading accounting firms in the United States. The process minimized the extraction times from 1-2 hours per K-1 down to 10 to 20 minutes including human review efforts. The ROI provided for the clients allowed them to get through tax season much faster and at a lower total cost of ownership.

Leverton

Leverton Provides ROI

1
Data extraction

Tax compliant data extraction

2
Agile management

Agility and management of complex, nuanced information

3
Custom integrations

Custom reporting and integrations to 3rd party solutions