OCR (Scanned Tax Forms)
Are your tax operation team tied up with PDF and paper based tax forms? Skilled and experienced tax operatives have become tied up in the repetitive, mind-numbing task of processing the ever increasing volumes of tax forms instead of doing higher value tasks.
Transform your tax operations with OCR
TAINA’s Scanned Form Module and proprietary OCR algorithms are helping tax operations teams perform validations and remediations for all series W, CRS self-certification, FATCA, and Canadian RC tax forms.
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Achieve cost savings of 84% per form
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Free up over 40% of operational team to focus on higher value risk mitigation
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Increase efficiency with a 75% faster validation process
Deliver faster validation of scanned and paper forms
Our latest OCR update now enables tax operatives to validate and digitize handwritten tax forms. Other significant OCR updates include improved checkbox reading and expanded foreign language recognition including German diacritics.
Reduce manual input with instantaneous validation of digitized forms
TAINA's proprietary Optical Character Recognition (OCR) algorithms read information from physical forms and transposes into digital data. The data is then checked, processed, and compared against validation rules.
Perform Efficient and Reliable Review of Scanned Forms
Increase turn-around times by processing scanned forms received via email, post or fax with instantaneous validation results. Perform reliable review and remediation using our platforms side by side view of the original and digitized forms and uploading supporting documents.
- Improved operation efficiency and data reliability from form validations.
- Reduction of manual error risk from converting data to digital format allowing the rules engine to perform validations.
- Use the platform's side-by-side view of original pdf and digital versions to more quickly review and update issues.
Easily Fix OCR Errors with likely Matches
Allow your tax operatives to correct and override validation errors easily using our OCR and business logic to cross check and recommend best matches based on internal and external databases including the institutions AML/KYC data, the IRS GIIN List and stock exchanges.
- Easily fix errors with most likely matches based on internal and external databases
