Wolters Kluwer Xpitax® Scan Optimizer recognized for excellence in Artificial Intelligence
AI-powered tax returns-processing system named a 2024 BIG Artificial Intelligence Excellence Award winner
“Wolters Kluwer continues to leverage the power of AI to streamline tax return preparation, empowering tax professionals with vital new efficiencies that allow them to focus on the high-level work that delivers immediate value to their organizations,” said
The source documents submitted as part of a tax return are often unstructured, containing low-quality images, handwriting, custom fonts, unusual text orientation, and other potentially problematic data. Once documents are scanned, Xpitax Scan Optimizer’s underlying AI model automates the extraction, identification and tagging of the relevant data from each image, comparing the Optical Character Recognition (OCR) results of the data and delivering a package containing a comparison report, error verification, and an import-ready file for the tax return. Users benefit from a more scalable process yielding returns that are more than 90% complete and fully verified for accuracy.
“Artificial intelligence is now playing a more important role in our lives,” said
Wolters Kluwer TAA enables tax and accounting professionals and businesses of all sizes to drive productivity, navigate change, and deliver better outcomes.
For more information about Wolters Kluwer, please visit: www.wolterskluwer.com.
About Wolters Kluwer
Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services.
Wolters Kluwer reported 2023 annual revenues of €5.6 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,400 people worldwide. The company is headquartered in Alphen aan den Rijn,
For more information, visit www.wolterskluwer.com, follow us on LinkedIn, Facebook, YouTube and Instagram.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240416552954/en/
Associate Director,
Tax & Accounting
Wolters Kluwer
Office +1 972-209-2767
shannon.wherry@wolterskluwer.com
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