Digilence integrates with Thomson Reuters: Unleashing the Power of Digital Intelligence for Tax Practices

Discover how the Digilence Cloud leverages digital intelligence and artificial intelligence for accounting firm customers using Thomson Reuters solutions.

Digilence Integrates with Thomson Reuters GoSystemTax, GoFileRoom, and FirmFlow.

As Thomson Reuters customers strive to streamline their engagement operations, they are turning to the power of APIs and automation. Digilence, a SaaS provider of innovative digital intelligence solutions, is leading the way in leveraging cloud integrations and open API technology to automate time-consuming compliance processes across multiple systems used by leading accounting firms. The Digilence Cloud now seamlessly integrates with Thomson Reuters systems, including GoTax, GoFile Room, and Firm Flow.

In its latest version, the Digilence Cloud introduces an integration Platform-as-a-Service (PaaS) called Symphony® that embeds third-party integration and APIs into a suite of Software-as-a-Service (SaaS) products. This integration allows accounting firms to automate processes, increase productivity, and deliver more value to their clients. With Digilence, firms can unlock new opportunities for growth and efficiency in today's competitive landscape in professional accounting.

Digilence solutions help Thomson Reuters customers leverage AI & Automation 

The integration between Digilence and Thomson Reuters brings together the power of digital intelligence and the expertise of one of the leading providers of tax and legal solutions. Thomson Reuters is renowned for its comprehensive tax research, analysis, and compliance tools, making it an ideal partner for Digilence.

By integrating with Thomson Reuters, Digilence expands its market penetration by bringing its growing suite of SaaS products to the large base of accounting firms that use Thomson Reuters solutions for Tax, Workflow, and Document Management.   Digilence subscription-based products are now "plug-n-play" with Thomson Reuters systems, and can be implemented quickly with no coding necessary.

Furthermore, the integration with Thomson Reuters enables seamless data transfer between the two platforms. Accounting firms can easily exchange data with Thomson Reuters and the many other systems supported by the Digilence platform, eliminating the need for manual data entry and improving data accuracy across the firm's entire ecosystem.  This integration streamlines the tax workflow and enhances the overall efficiency of the tax department.

In summary, the integration between Digilence and Thomson Reuters is a game-changer for tax and accounting practices. It combines the power of AI and digital intelligence with the expertise of Thomson Reuters, enabling firms to optimize their tax department and unleash their full potential.

The Benefits of Digilence for Accounting Firms

Digilence is a leading-edge "industry cloud" platform that harnesses the power of digital intelligence to transform tax and accounting practices. It provides top 400 accounting firms with AI-powered integration and automation solutions dedicated to the needs of tax and accounting departments to streamline operations and eliminate busy work. With Digilence, accounting firms can simplify the tech stack and leverage a single cloud platform that automatically harnesses the wave of digital transformation and AI hitting the profession.

By leveraging the power of automation, artificial intelligence (AI), machine learning (ML) and intelligent document processing (IDP), Digilence SaaS solutions help firms quickly automate their engagement processes, reduce manual errors, and enhance efficiency without having to code or customize a solution.

Furthermore, Digilence streamlines the all client data and engagement workflow by providing a centralized platform for collaboration and communication with the client. It enables seamless integration with Thomson Reuters and the many other existing systems, eliminating the need for manual data entry and improving data accuracy. This streamlined workflow not only saves time but also enhances productivity and collaboration within the tax department.

Enhancing Efficiency with Digilence Automated E-filing

Automated 8879 and e-filing is one of the key products that Digilence provides for users of GoSystemTax, GoFileRoom, and FirmFlow. Traditionally, tax departments have relied on multiple manual processes for filing tax returns, which can be time-consuming and prone to errors.  With Digilence, firms can automate this process, significantly reducing manual time which usually save the equivalent of 1-2 FTEs per office.   There ROI is significant as most firms are struggling to retain talent for compliance work.

By leveraging advanced technology, Digilence simplifies the e-filing process and ensures compliance with the firm's tax filing standards. It automatically validates the client forms for signature and completeness across all filing jurisdictions, and submits returns electronically to the relevant tax authorities. This not only speeds up the filing process but also reduces the risk of errors and redundancies.

Automated e-filing with Digilence also provides CPAs and their clients with real-time visibility into the status of their tax returns. They can track the progress of their filings, receive notifications on filing status, and access historical data for auditing and reporting purposes. This level of transparency and control enhances efficiency and enables CPAs to stay on top of their client obligations.

In summary, automated e-filing with Digilence revolutionizes the way businesses file their tax returns. It eliminates manual processes, reduces errors, ensures compliance, and provides real-time visibility, ultimately enhancing efficiency in tax practices.