Cognitive & machine learning
Tax functions are being challenged to digest more data and improve the speed and accuracy of decision-making. As the world moves towards automation and real time technology enabled decision-making, tax decision-making does too. That’s where machine learning comes in.
Data Classifier is a tool that helps make a vast number of decisions automatically. It uses a mixture of rules based classification, machine learning, and natural language processing to categorise transaction level data. Use it for interrogating entertainment expenses, fixed asset R&M or any other bespoke classification.
Taxpayers using Data Classifier are experiencing time savings of up to 85% and heightened confidence knowing that all of the data – not just samples – have been classified.