The key to accelerating business taxation intelligent transformation: RPA taxation robot

Currently, artificial intelligence (AI), robotics Process Automation (RPA) development, to the field of taxation has brought new opportunities and challenges. RPA's arrival is bound to accelerate the transformation of enterprise financial intelligence.

The field of taxation pain points faced by
all businesses are faced with cost control, productivity increased pressure. In many corporate finance departments, like tax returns, VAT invoice, invoice and tax-related accounting experience to perform real recorded work usually requires a lot of manpower and time to deal with. This provides an arena for the implementation of the RPA.
Especially those who are more tax payer group enterprise, due to the tax returns of different data sources (such as from a financial information system, billing software, etc.), a great amount of manual operation. In fact, RPA aimed at reducing the manual for the system. As a software robot, RPA provides precise operation. Generally, in part accounting and taxation procedures manual handling is too high, data processing, report preparation and other work efficiency will have a huge impact, and the risk of error will be greatly increased. RPA can reduce the associated risks.
In addition, some companies will choose to deploy VBA tax data to automatically generate a single body, once the face of large tax payer needs to prepare reports, data accuracy can not be guaranteed, the effect is far less RPA.

RPA significant impact on corporate and taxation work
now, RPA has been widely used manual operability strong, high reproducibility, time-consuming a large amount of fiscal and taxation work. RPA appears, whether it is for business taxation process, or the Revenue Commissioners, it can be described as a great boon.
RPA robot can automatically grab inventory data to be invoiced, invoice information to fill in the billing system, and the results are automatically issued back to the administrator and apply for billing staff. In addition, RPA robot but also the accuracy of billing inventory data is automatically checked.
RPA applications, manual input is possible to effectively reduce the error generated, reducing costs associated error correction. RPA bring less rework, higher quality output for business taxation work.
RPA will redefine the content of the fiscal and taxation work, and will be reassigned employees. RPA carried out by a large number of employees to take over repeated time-consuming work operations, the team's ability to release, thereby increasing employee awareness of internal taxation process, so they can focus on those who work to create more value for the enterprise.
In addition, RPA deployment is also more convenient. As the RPA non-invasive software, so companies do not need to reform the existing system can be realized in the UI.

RPA actively embrace the field of taxation
in the tax provision, RPA robot can import data from enterprise ERP system and other relevant documents, the operational data from various agencies were also working together to clean up imported by RPA in order to achieve the tax provision automatic calculation of the project.
On tax compliance, RPA application, you can easily fill in the data of the tax, value added tax, internal reporting systems.
On the tax return process, RPA is even more promising. Overall, the RPA and the higher degree of adaptation processes tax returns, you can automate many of the steps of the process. RPA can automatically log on tax declaration system, the implementation of the tax return papers to read, automatic form filling and import papers related data and reporting automation.
In addition, RPA is also applicable tax shared service center, under the premise of information sharing among enterprises to avoid repeated tax processes operate.

RPA will bring the following benefits to corporate and taxation process, reduce the tax burden on large enterprises, to achieve quality control, RPA able to guarantee the accuracy of tax data and avoid tax risks. RPA applications, will greatly release energy taxation personnel, to better enhance their value.
It is foreseeable that in the future there will be more companies in the field of taxation its large-scale implementation RPA.