#United States #Orlando #Tax Automation #Verito #Filed

Partnership Overview

In a significant move towards modernizing tax preparation, Verito, a leading cloud hosting and IT service provider, has announced a strategic partnership with Filed, an AI-driven tax automation platform. This collaboration aims to provide accounting firms with an innovative infrastructure that promotes advisory services by minimizing manual data entry tasks. With the integration of Filed's intelligent tax workspace and Verito's robust cloud solutions, firms can anticipate a much more efficient workflow and a clearer path to enhancing client advisory services.

Addressing the Capacity Challenge in the Accounting Sector

The accounting profession is in the midst of a crisis as more than 75% of Certified Public Accountants (CPAs) edge toward retirement, while the industry faces a severe shortage of nearly 340,000 professionals. Meanwhile, 40% of a preparer's time is often consumed by repetitive data entry tasks that could otherwise be directed toward higher-margin advisory work. Conventional methods hinder firms from expanding their service offerings effectively; thus, the Verito and Filed partnership arrives as a timely solution to this ongoing problem.

By utilizing Filed's Intelligent Tax Workspace, accounting firms can significantly reduce tax preparatory time by up to 80%. Automation will handle manual stages, including document intake and data extraction, effortlessly integrating with existing tax software such as Drake, UltraTax, Lacerte, ProSeries, and CCH Axcess. This integration allows preparers to work with near-complete returns instead of staring at blank templates, dramatically improving productivity.

Verito's Infrastructure: Ensuring Speed and Compliance

Verito's cloud infrastructure has been recognized for outstanding performance, having achieved top rankings across 18 different categories on G2, focusing on usability and results. The company has maintained 100% uptime since 2016, along with a commendable Net Promoter Score of 95, demonstrating its commitment to exceptional service. Their support is always readily available, with an impressive response time under 60 seconds.

CEO Insights

Jatin Narang, CEO of Verito, highlighted that firms are looking for robust solutions that allow them to grow rather than just meet compliance requirements. “By removing manual data entry, we free firms to concentrate on advisory work that commands higher fees, enabling real growth potential,” Narang stated.

What This Partnership Means for Accounting Firms

As part of this collaboration, several benefits will be readily available for both companies’ client bases:

• - For Filed Users: Access to favorable pricing on Verito’s cloud hosting and IT services, all while ensuring compliance with IRS Publication 4557 and FTC Safeguards Rule.
• - For Verito Clients: Discounted access to Filed's AI automation platform, which enables rapid return preparation seamlessly within their existing workflows.
• - For Firms Transitioning to Advisory Services: An integrated system where AI automates preparatory work, infrastructure guarantees performance and compliance, and professionals concentrate on strategic elements for premium service delivery.

Leroy Kerry, CEO of Filed, emphasized the critical relationship between software and the infrastructure that supports it, saying, “Verito’s understanding of accounting operations is invaluable, enabling firms to adopt Filed's technology with confidence that it supports their growth.”

Conclusion

For accounting firms aiming to enhance their operations through an Advisory-Ready Infrastructure, the partnership between Verito and Filed presents an essential opportunity. Both companies invite interested firms to learn more via verito.com/partners/filed or connect directly with Verito for further engagement.

About Verito

Verito specializes in cloud hosting, managed IT, and compliance solutions tailored exclusively to tax and accounting firms. With a commitment to reliability, they provide the assurance that their systems will work securely and effectively.

About Filed

Filed offers an advanced AI-driven Intelligent Tax Workspace designed to automate tax return preparation without disrupting existing workflows. Their innovative solutions allow firms to increase output and capability, setting them on a path toward more substantial growth without the need for additional staffing.