Tax filing entails a variety of tasks, including the processing of records, the extraction of data, computations, and appropriately feeding them. It's a difficult challenge to do all of this with high precision and speed.
The following is a synopsis of our success in automating tax e-filing
Our customer is a
century-old tax firm that processes thousands of records of individuals and partners for e-filing and other related tasks
Human errors in tax compliance
Increase in cycle time for tax calculation
Decrease in accuracy
Unable to handle high volumes
Human resource crunch
Changepond, with its expertise in financial automation, conducted an in-depth process analysis and came up with several insights and inferences.
With that information available, the points of improvisation were addressed through intelligent automation.
The Changepond’s automation brought several benefits.
capacity by 2X
60% of work
to process records