Data Entry Streamlines the process of collecting information from data owners, speeding up the tax computation process and reducing risk of error.
Processing accounting data poses a number of challenges. Each human “touch” on a set of data represents an opportunity for risking error, through for example, re-keying or copy and paste mistakes. Furthermore, separate client processes mean firms are often unable to view the status of client returns, creating challenges around workload planning, inevitable bottlenecks around reporting deadlines, increased risk of faults and staff stress.
All these cycles involve data being handled multiple times by skilled staff who could be better allocated to high value activity. It is inefficient, disjointed and vulnerable to human error.
Where appropriate it makes sense to intuitively guide the data owner through the process of entering correct information to fuel the tax computation process in a way that avoids re-keying later. In doing so, the end to end practise involved in tax compliance can become as streamlined as possible to meet requirements, reduce reliance on valuable resources, minimise inaccuracies and maximise fulfilment of audit control requirements.
What we Offer
Data Entry, part of our OSMO Automation Suite, is a user-friendly, automated data collection tool which processes accounting data to automatically populate your Alphatax system, our market leading, best in breed enterprise grade corporation tax computation platform.
The solution simplifies the data collection and computation process to help accountancy firm teams and large corporation tax departments which report centrally across multiple divisions.
As a result, the activity is speeded up, committed resources can be reduced and risk of error is significantly decreased.
View the datasheet here.
- Re-deploy skilled staff to high value activity
- Free up time for effective tax consideration
- Avoid re-keying
- Reduce risk of error
- Government-level data security
- Eliminate the need for software to be installed
- Full audit trail