Success Stories
arieotech prides itself on the innovation it brings to businesses across industries. Our experts recognize that the right application of the right technology can optimize operations, enhance productivity, and augment revenue. We recently brought about such a transformation in our work with a leading tax and audit company.
A leading company had to complete thousands of auditing and taxation projects every year for its 10,000+ clients. Each project required going through, analyzing, and manually extracting data from 50+ pages. Getting even simple insights, such as changes in taxable amounts over two years, required manual interpretation. Any macro insights then needed much more effort and could take up to 30 days. Despite such efforts, the possibility of auditors identifying errors always casts a shadow. Disparate document versions caused inconsistencies in outputs, even with the same audit material.
Our team of experts at arieotech helped streamline document management by integrating advanced Optical Character Recognition (OCR) with Microsoft’s ‘Document Intelligence.’ This integration made it possible to extract data from tables with different data structures and across formats such as PDF and Excel. This automation not only saved significant time—data extraction was now 40% faster—but also eliminated errors arising from typing mistakes or data duplication. The organized audit trail it provided ensured compliance standards were met. The business no longer had to deal with financial losses stemming from unforeseen issues as they were flagged immediately.
At arieotech, putting technology to the best business use is our core driving force. Our experts excel in deploying technologies like blockchain and data warehousing, tailored to business and industry needs. When a tax and audit company approached us, we saw Intelligent Document Processing as the ideal solution for optimizing efficiency.
The ease and accuracy brought about by IDP’s automation have ensured its enthusiastic adoption by the tax and audit industry. When this business approached us, we realized the extent of the untapped potential waiting to be harnessed.
The tax and audit company spent nearly 30 business days reviewing regulatory requirements, client data, and taxation law. With a roster of over 10,000 clients, the business faced an exponential amount of paperwork to process. Each project required going through, analyzing, and extracting data from 50+ pages. Data interpretation and key index extraction were manual, leading to errors and inconsistent output. This was especially true when multiple employees took on the same project and client. Collaboration was tiresome, and inconsistent output also meant there was no clear identifiable trail for accountability purposes. This left the business open to compliance risks and financial losses.
arieotech streamlined document management using Microsoft’s ‘Document Intelligence’ and OCR. We automated data extraction from PDFs and Excel in minutes, then classified the extracted data into appropriate groups using custom-built AI-supported categorization technology. Any human errors from manual input were now a thing of the past because of this automation. The automation saved critical time, allowing employees to focus on core business tasks.
Our team fed 500+ documents to the custom model and used open-source software for testing and deployment. This deployment of open-source software—which guaranteed 90% accuracy in results—further helped the business save costs. At arieotech, we prioritize resource-efficient solutions while finding the most technically suitable options for our clients.
The consistency brought about by automation not only saved time and improved accuracy but also made it easier to collaborate. Any staff member could now pick up where the last one left because everyone had access to the same information. The organized trail ensured compliance adherence, saving the business and clients thousands in sanctions.
The organized trial ensured compliance, saving the business and clients thousands in sanctions. Our team was able to facilitate efficiency across several business functions with the deployment of a single technology. Your business can achieve this too. Partner with arieotech today.
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