KPMG and Blue J launch AI tax tool

KPMG and Blue J have launched a new AI-powered tax analysis tool for the UK.

Blue J is a provider of predictive analysis tools for tax positions in North America.

British-Dutch multinational professional services network KPMG will be the company’s first partner in Europe.

KPMG, which is also one of the Big Four accounting organisations, said the tool will enable its tax team to use AI to predict tax scenario outcomes with 90 per cent+ accuracy and will “dramatically reduce the time spent searching for and analysing tax legislation and case law”.

The tool – which is not yet available to others in the UK tax market – aims to speed up technical analysis for organisations to support decision making on complex tax issues.

“Our tax teams are dedicated to providing the best service to our clients, which is why we are passionate about in investing in advanced technologies like those developed by Blue J to improve the speed and accuracy of our advice,” said Stuart Tait, partner, chief technology officer – tax & legal at KPMG UK. “We are delighted to be the first adopters of Blue J in the UK and cannot wait to take advantage of this amazing technology.

“The tool will allow us to be completely transparent and trusted by following a better tech-enabled structure to evidence our high quality of work.”

The tool includes a structured approach for checking tax legislation and case law.

“We are thrilled to be partnering with KPMG given their outstanding tax pedigree and our shared vision for the future of tax technology,” said Benjamin Alarie, chief executive of Blue J. “This decade will see incredible growth in the sophistication of analysis tools that use AI to enable professionals to deliver superior results for their clients, in a far more efficient manner than previously possible.”

    Share Story:

Recent Stories

New Business Frontiers
FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.