TaxDome, a practice management solution for tax professionals, bookkeepers, and accountants, has launched its new AI-powered reporting feature. This innovative addition is designed to provide firms with advanced analytics, actionable insights, and customizable reports to enhance efficiency and profitability. Firms can easily identify areas to streamline workflows and address pressing needs, thereby transforming raw data into visual knowledge with ease.

Key Features of AI-Powered Reporting:

• AI-Driven Customizable Reports: Build personalized reports tailored to your firm’s specific needs or leverage pre-built options for quick insights. TaxDome’s AI-powered search can generate reports by asking specific questions (e.g., average time entry rate, average invoice amount from last year) to receive the most relevant data in visual formats such as graphs, charts, and pivot tables.
• Advanced Data Visualization and Sharing: Access dozens of graphs, charts, pivot tables, and other tools to turn complex data into easy-to-understand visual formats with AI. Seamlessly export reports in various formats including CSV, XLS, and PDF, and share them with third parties.
• Comprehensive Financial Management with AI: Gain real-time insights into cash flows, monitor outstanding invoices, and track payment statuses to ensure timely collections. Capture billable hours, track project timelines, and ensure projects stay on schedule using AI-generated alerts and real-time analytics.
• Operational Efficiency: Identify high-value clients and allocate resources effectively to maximize profitability and satisfaction. Plan workloads by identifying peak periods and potential bottlenecks with insights to enhance productivity. Access metrics to evaluate individual and team performance, helping your team reach peak productivity.