Brainvire recently announced the launch of an award-winning tax work paper system that maximizes profitability and reduces reviewer time. The technology is covered by numerous United States patents.
The launch comes at a time when tax regulations are becoming more stringent and require heavy documentation, especially during filing returns. In this app, the work papers are automatically organized into a standardized index that follows the workflow of the tax return. It can include PDF, Excel, Word & Email work papers.
"Developing tax automation solutions looks easy, but in reality, it's difficult to implement them. Compliance with local taxation rules, which keep changing frequently, is a challenge in itself," said Mr. Chintan Shah, the CEO of Brainvire. "Our solution is built upon good tax practices and helps manage risk, thus freeing up the staff to do more than just deliver the numbers."
Adding signoffs to single or multiple work papers is one of the good tax practices. It provides information to staff about the status of work papers in the engagement workflow as a whole. For example, the signoff can indicate whether the work papers have been reviewed or if they are ready to be prepared and finalized. Brainvire's app helps the reviewer to view work paper completion based on up to four levels of sign-offs across all file types - “ PDF, Excel, Word & Email.
Other features of the end-product are hyperlinked cross-references, tick marks, and annotations. This makes the entire process more transparent and organized.
Interested firms can purchase this solution either as a standalone package or along with other similar applications. For more info, drop an email at [email protected].
Developing solutions with innovation, usability, and efficiency, Brainvire is one of the top IT consulting firms. With over 18 years of experience and more than 550 employee strength, it strives to create a difference in the society through technology. Having delivered over 1500 projects to its clientele spread globally, it has endured a 95% customer retention rate. Brainvire offers exclusive consultancy services such as Business Intelligence, Digital Marketing, Cloud ERP, CRM for E-commerce, etc. for diverse industry verticals while keeping customer satisfaction as its top priority.
It has earned many accolades such as 'Top IT Services Firm 2019', 'Top Mobile App Developers 2019', and 'Top E-commerce Developers 2019' by Clutch.