LegalTech's Revolutionary Solution for Tax Professionals
On April 11, 2025, LegalTech Co., Ltd., recognized for its cutting-edge technology solutions, announced a groundbreaking integration of AI into its Virtual Data Room (VDR), named
LegalTech VDR. This innovative platform merges a large language model (LLM) based AI called
AI孔明 with tax and accounting processes, significantly enhancing productivity and precision for tax professionals.
Addressing Modern Challenges
The field of tax accounting has become increasingly complex due to various factors such as the introduction of the invoice system, electronic bookkeeping laws, and frequent tax law amendments. Tax professionals face the dual challenge of needing to respond accurately and swiftly to their clients while managing a substantial amount of paperwork and information sharing. LegalTech has identified these challenges and designed a solution to streamline and standardize tax practices digitally.
Features of LegalTech VDR
LegalTech VDR is a specialized cloud platform tailored for legal professionals. It ensures key elements such as
security,
searchability, and
accuracy in managing tax-related information.
Key Functionalities Include:
- - Access Control: Flexible permission settings for document viewing, editing, and downloading based on clients and staff members.
- - Audit Logs: Automatic recording of who accessed which documents and when.
- - Full-text Search & Tag Management: Allows instant searches of digitized documents using tags.
- - High-Security Design: Incorporates encrypted communication and multi-factor authentication for enhanced security.
The Strength of AI孔明 in VDR
AI孔明 is specifically designed to process extensive tax-related documents stored within the VDR, assisting tax professionals in various ways:
- - Draft Generation for Tax Returns: Automatically creates drafts using past financial data and documents.
- - Summarization of Documents: Quickly processes contracts and notifications, reducing the risk of overlooking critical details.
- - Automated Translation: Adapts instantly for international tax matters, ensuring compliance with various regulations.
- - Knowledge Search: Offers similar past cases based on categorized data for quick reference in decision-making.
- - AI Chat for Document Clarifications: Explains complex tax documents in natural language for better understanding.
How Tax Professionals Benefit from LegalTech VDR
Use Cases for Tax Professionals:
- - Supporting Draft Creation for Tax Returns: Generates drafts from prior data efficiently, saving time.
- - Organizing Accounting Records: Scanned documents are tagged and classified automatically, significantly reducing errors.
- - Preparing for Tax Audits: Summarizes needed documents for audits efficiently, enhancing preparation speed and document accessibility.
- - Meeting Electronic Bookkeeping Law Compliance: Provides features that prevent document tampering and log history for compliance.
- - Secure Document Sharing with Clients: Custom folders and access controls ensure secure sharing of sensitive information.
LegalTech aims to empower tax professionals with tools that not only streamline operations but also enhance the quality of their service delivery.
Future Developments
Looking ahead, LegalTech plans to integrate electronic application APIs, implement automatic updates of regulatory changes via AI, and support industry-specific document formats, continually advancing the capabilities of tax professionals across the nation.
About LegalTech Co., Ltd.
Founded in March 2021, LegalTech Co., Ltd. is committed to providing a diverse range of services that leverage the latest AI technologies in the fields of intellectual property and legal tech. With a capital of 240 million yen and headquartered in Tokyo, the company is leading the digital transformation (DX) of tax services, working alongside professional firms to create innovative practices in the legal domain. For further details, visit
LegalTech.
For more details on LegalTech VDR, visit
LegalTech VDR Website.