KPMG's New Tax Data Reader Tool Automates Analysis Of Financial Data, Simplifying Tax Filing Season
Firm receives patent on natural language processing and character recognition technology
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NEW YORK, April 1, 2021 /PRNewswire/ -- As companies continue to struggle with synthesizing and understanding enormous amounts of data, especially financial data, and remaining tax compliant, KPMG LLP today announced it was granted U.S. Patent No. 10,922,358 for its Tax Data Reader innovation. This tool rapidly extracts relevant information from lengthy tax reporting forms and seamlessly plugs it directly into tax returns, saving time and money while reducing human error; a timely innovation as the 2021 tax filing deadline approaches.