An insight into the use of tax audit bots

Ibotix05 Jul, 2023Computer & Internet

Top workflow automation platform and tax bots have been instrumental in streamlining diverse business process. Developments in emerging tech such as robotic process automation (RPA), have led to new accounting and finance technologies (fintech) like RPA tax service chatbots. Tax audits can be extremely time consuming for almost any business. They require extensive data gathering, analysis, and preparation. The whole process can be made faster by simply automating data collection, organization, and reconciliation. Doing so would majorly cut down the overall effort and time needed to compile the necessary information for the audit. Bots meant for tax audits stay compliant and have the capability to address any changes or updates in tax requirements in a prompt manner.