Tax Compliance team stuck in a never ending cycle of reporting, solved by a custom AI agent

It’s Monday, our favorite day of the week. The reason is that while many people are stereotypically cranky about having to go back to work, we know our clients aren’t stuck doing tasks that they were fed up with doing manually.

An example is a tax compliance team that was stuck in a never ending cycle of corporate reporting.

The process was simple, 𝘰𝘯 𝘱𝘢𝘱𝘦𝘳:
1️⃣ Copy prior reporting appendices into a new working file
2️⃣ Update all reporting periods and dates
3️⃣ Pull forward prior-year values
4️⃣ Open and review trial balance data
5️⃣ Manually map and input financial data into the new appendix
6️⃣ Reconcile differences between reporting outputs and financial statements
7️⃣ Extract and insert supporting data from additional spreadsheets
8️⃣ Finalize and save the updated reporting appendix

𝘊𝘰𝘮𝘱𝘭𝘦𝘹 𝘪𝘯 𝘱𝘳𝘢𝘤𝘵𝘪𝘤𝘦; multiple files, data sources, constant validation and no tolerance for errors.

Why us? 𝘖𝘧𝘧-𝘵𝘩𝘦-𝘴𝘩𝘦𝘭𝘧 𝘵𝘰𝘰𝘭𝘴 𝘢𝘯𝘥 𝘦𝘮𝘣𝘦𝘥𝘥𝘦𝘥 𝘈𝘐 𝘤𝘰𝘶𝘭𝘥𝘯’𝘵 𝘩𝘢𝘯𝘥𝘭𝘦 𝘵𝘩𝘦 𝘤𝘰𝘯𝘴𝘵𝘢𝘯𝘵 𝘮𝘰𝘷𝘦𝘮𝘦𝘯𝘵. Too many moving parts, rules, formats, and accuracy risk at stake.

Started simple, ended up being complex. Not something you plug-in, but it needs to be built right.

Sound familiar? Struggling to automate even your “simple” processes. You’re still starting in the right place, we can help.

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Originally posted on LinkedIn:

https://www.linkedin.com/posts/its-monday-our-favorite-day-of-the-week-share-7447014654343708672-7oh-/