RSM Expands PartnerSight® Licensing to Enhance Digital Tax Infrastructure and AI Integration

RSM Expands Licensing for PartnerSight® Platform

RSM US LLP, a prominent provider of assurance, tax, and consulting services for middle-market clients, has announced an important development in its business strategy. The firm now offers expanded direct licensing for its PartnerSight® platform, which is designed to cater to financial institutions, private equity groups, and family offices. This move is a response to the soaring demand for enhanced digital tax infrastructure and AI capabilities.

The PartnerSight® platform is not just any typical tax tool; it represents nearly 20 years of RSM's expertise in implementing complex tax solutions. The platform’s evolution has been closely intertwined with extensive client engagements, making it a robust option for organizations with intricate partnership structures, such as asset managers, private equity funds, banks, and multi-entity family offices. The recent licensing expansion aligns with RSM's broader $1 billion commitment towards AI and digital transformation, thus positioning PartnerSight as a critical foundation for AI-enhanced tax operations.

Centralized Tax Data and Automation Features

One of the key selling points of the PartnerSight® platform is its ability to centralize partnership tax data, automate allocation workflows, and establish a governed data layer essential for AI-driven processes. This functionality is now accessible directly to organizations through the new licensing model. Traditionally available only through direct engagement with RSM, firms can now take ownership of the platform while also selectively relying on RSM's expertise for onboarding, configuration, and technical support.

Matt Bradvica, a partner at RSM and leader of the tax digital strategy, commented on the growing pressures organizations face to modernize their tax functions. With the increase in the volume and complexity of tax data, firms are now compelled to rethink how they manage their tax operations. By leveraging the PartnerSight® platform, organizations can enjoy a cloud-based engine that not only centralizes tax data but also ensures consistent and transparent allocation workflows.

A Unique Hybrid Approach

The licensing approach adopted by RSM presents a hybrid model that melds ownership of the platform with ongoing technical assurance from the firm's expert team. Through this strategy, RSM aims to empower businesses to integrate AI-driven insights and automation seamlessly into their compliance workflows. The combination of PartnerSight® and the myRSM Tax platform is designed to create a comprehensive ecosystem for modern tax management.

Built for External Deployment

While many professional services firms have developed their tax platforms, few have crafted them for external licensing. PartnerSight®, however, is a cloud-native, multi-tenant system that allows for deployment in client environments. This design facilitates integration with existing digital systems, fund-administration platforms, and cloud-based data repositories, making it a versatile choice for companies looking to upgrade their tax infrastructures.

Addressing Fragmented Data Challenges

One of the persistent obstacles in efficient tax management is the presence of fragmented and unstructured data across various entities and transactions. PartnerSight® tackles this issue by standardizing and centralizing tax information, creating the governed data layer that paves the way for future automation and AI-enabled workflows. The platform tackles critical compliance requirements, including the generation of Schedules K-1 and K-3, managing both investor and entity profiles, and providing real-time visibility into allocation methods.

Anticipating Future Demand

Looking ahead, RSM anticipates an increased demand for digital tax solutions as regulatory landscapes evolve. This pressure is particularly acute for firms barred from utilizing external compliance providers, such as certain financial institutions. In such cases, the licensing model of PartnerSight® offers a pathway to modernize tax processes while maintaining client governance and oversight.

By embedding PartnerSight into the myRSM Tax framework and utilizing RSM's substantial investment in AI, organizations can secure scalable technology that meets current compliance needs and prepares them for future intelligent automation.

For firms eager to rise above challenges, RSM's PartnerSight® platform appears poised to be a transformative force in the realm of digital tax management, heralding a new era of tailored, tech-driven tax solutions.

About RSM US LLP

RSM is dedicated to empowering middle-market companies globally, aiding them in navigating change and making informed decisions. With operations extending across more than 120 countries, RSM delivers comprehensive, innovative solutions tailored to the unique needs of growth-oriented organizations. To learn more about RSM's offerings and insights, visit rsmus.com.