Digitalizing Tax Advisory with NLP · Digitalizing Tax Advisory with NLP Let AI read, interpret and...

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Digitalizing Tax Advisory with NLP Let AI read, interpret and review your unstructured documents for you in your tax advisory work.

Transcript of Digitalizing Tax Advisory with NLP · Digitalizing Tax Advisory with NLP Let AI read, interpret and...

Page 1: Digitalizing Tax Advisory with NLP · Digitalizing Tax Advisory with NLP Let AI read, interpret and review your unstructured documents for you in your tax advisory work. The Problem

Digitalizing Tax Advisory with NLPLet AI read, interpret and review your unstructured

documents for you in your tax advisory work.

Page 2: Digitalizing Tax Advisory with NLP · Digitalizing Tax Advisory with NLP Let AI read, interpret and review your unstructured documents for you in your tax advisory work. The Problem

The Problem in Tax

Manual data entry

work

Advising clients on tax

Documentreview &

checks

Are we spending too much time on ‘non-advisory’ work?

Page 3: Digitalizing Tax Advisory with NLP · Digitalizing Tax Advisory with NLP Let AI read, interpret and review your unstructured documents for you in your tax advisory work. The Problem

Why now?

Page 4: Digitalizing Tax Advisory with NLP · Digitalizing Tax Advisory with NLP Let AI read, interpret and review your unstructured documents for you in your tax advisory work. The Problem
Page 5: Digitalizing Tax Advisory with NLP · Digitalizing Tax Advisory with NLP Let AI read, interpret and review your unstructured documents for you in your tax advisory work. The Problem

Source:

Page 6: Digitalizing Tax Advisory with NLP · Digitalizing Tax Advisory with NLP Let AI read, interpret and review your unstructured documents for you in your tax advisory work. The Problem

Why now? “Not only will machines free up humans to take on othertasks, automating accounting processes will help improveoperations and reduce costs. And, since automation willultimately infiltrate most divisions in a company, financialleaders who embrace the change are gaining expertise thatwill make them valuable in future business processtransformations.”

“Automation would allow more people to move from acompliance role to a planning role. Meaning rather thanthinking about how to get the tax return filed properly, theycan spend their time thinking about how to save thecompany tax dollars going forward, by looking at doingthings differently.”

Page 7: Digitalizing Tax Advisory with NLP · Digitalizing Tax Advisory with NLP Let AI read, interpret and review your unstructured documents for you in your tax advisory work. The Problem

Why now?

Page 8: Digitalizing Tax Advisory with NLP · Digitalizing Tax Advisory with NLP Let AI read, interpret and review your unstructured documents for you in your tax advisory work. The Problem

What is NLP?

Page 9: Digitalizing Tax Advisory with NLP · Digitalizing Tax Advisory with NLP Let AI read, interpret and review your unstructured documents for you in your tax advisory work. The Problem

What is NLP? And the other AI disciplines apart from Machine Learning?

Machine Learning

NLPKnowledge

Representation

Reasoning

RoboticsPlanning

Perception

Page 10: Digitalizing Tax Advisory with NLP · Digitalizing Tax Advisory with NLP Let AI read, interpret and review your unstructured documents for you in your tax advisory work. The Problem

What is NLP? And the other AI disciplines apart from Machine Learning?

Page 11: Digitalizing Tax Advisory with NLP · Digitalizing Tax Advisory with NLP Let AI read, interpret and review your unstructured documents for you in your tax advisory work. The Problem

What is NLP? Knowledge Representation & Automated Reasoning

VS

Page 12: Digitalizing Tax Advisory with NLP · Digitalizing Tax Advisory with NLP Let AI read, interpret and review your unstructured documents for you in your tax advisory work. The Problem

The Solution

Page 13: Digitalizing Tax Advisory with NLP · Digitalizing Tax Advisory with NLP Let AI read, interpret and review your unstructured documents for you in your tax advisory work. The Problem

The Solution

This letter is to verify that Mr. John Tan is currently

employed at Capital Investments in our Regional

Regulatory Team. John began work on 1st August

2009, and is currently drawing a monthly salary of

$8,000 Singapore Dollars as a

C&ORC Legal and Compliance Officer for the Asia

Pacific Region

Sincerely,

Jack Phillips

Chief Operating Officer Capital Investments

JOHN TAN

CAPITAL INVESTM-

ENTS

C&ORC LEGAL AND

COMPLIANCE OFFICER

is employed in

works with

JACK PHILLIPS

is a

is employed in

How AI understands this information…

Page 14: Digitalizing Tax Advisory with NLP · Digitalizing Tax Advisory with NLP Let AI read, interpret and review your unstructured documents for you in your tax advisory work. The Problem

The Solution

Client sends across documents

iMatch automatically reads, interprets and

populates key information

(e.g. invoices, bills of ladings, export/import permits)

Data across the same set of documents is also automatically

consolidated

Data can be easily exported in the relevant excel

template

Regardless of document format, layout and structure

Page 15: Digitalizing Tax Advisory with NLP · Digitalizing Tax Advisory with NLP Let AI read, interpret and review your unstructured documents for you in your tax advisory work. The Problem

The Solution

Allow Accountants and Consultants to spend more time on Tax Advisory work

Automate tasks or processes whichare manual, repetitive and routine innature with semantic AI technologies.

Page 16: Digitalizing Tax Advisory with NLP · Digitalizing Tax Advisory with NLP Let AI read, interpret and review your unstructured documents for you in your tax advisory work. The Problem

Demo

Page 17: Digitalizing Tax Advisory with NLP · Digitalizing Tax Advisory with NLP Let AI read, interpret and review your unstructured documents for you in your tax advisory work. The Problem

Thank you!