RSM, a major provider of assurance, tax and consulting services for the middle market, has announced a strategic business relationship with Additive to enhance tax service capabilities with the Additive generative AI platform. This collaboration positions RSM as a pioneer in integrating advanced AI technology into K-1, K-3, State K-1 and related document processing, enabling rapid and reliable tax solutions for clients and RSM engagement teams.
This relationship empowers RSM and its clients to be at the forefront of generative AI adoption through Additive’s groundbreaking tax workflow management platform, which helps tax professionals manage and automate the processing of tax documents into structured formats. Additive’s AI solution streamlines workflows by extracting structured information from partnership compliance packages, generating workpapers in minutes and facilitating review and subsequent workflows for greater accuracy and efficiency.
“Collaborating with Additive enables us to integrate advanced AI into our tax workflows, driving greater efficiency and innovation,” said Matt Bradvica, tax digital strategy leader with RSM US LLP. “This collaboration sets a new standard of speed and precision in tax services, helping clients gain insights faster and focus on growth. It also reinforces our commitment to leading the digital transformation of the tax industry and delivering exceptional value to our clients.”
Providing a generative AI tax workflow management platform will support both clients and RSM tax professionals in several key ways, including:
- Enhanced accuracy and risk reduction: Automation reduces manual entry errors, providing greater peace of mind and improved compliance accuracy.
- Accelerated insights: Streamlining data extraction from tax documents empowers users with faster data processing, providing a clearer, more comprehensive view of financial positions for timely, well-informed decisions.
- Increased efficiency: By automating routine tasks, users can redirect their efforts and resources toward high-impact initiatives.
- Streamlined collaboration: Leveraging advanced AI within the RSM ecosystem centralizes and organizes data, enabling seamless collaboration with internal and external tax teams allowing for faster use of data in planning and decision-making.
“Additive is thrilled to be working with RSM to advance the state of generative AI tooling for pass-through entities. We foresee RSM delivering best in industry services to large funds, family offices, and any other K-1 heavy client by combining our technology with their already impressive PartnerSight platform,” said Dwight Crow, CEO of Additive.
The collaboration with Additive reinforces RSM’s ongoing dedication to continuously integrating cutting-edge technologies that enhance both client and professional experiences.
Thanks for reading CPA Practice Advisor!
Subscribe Already registered? Log In
Need more information? Read the FAQs
Tags: Accounting, Advisory, CAS, Technology
