Software provides tax document automation.
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Press Release Summary:
Designed to save tax professionals time, web-based GruntWorx Pro(TM) automatically organizes and bookmarks scanned tax documents. Software also extracts data from scanned tax documents and imports data into professional tax software. Compliant with Internal Revenue Service Code section 7216, program enables tax professionals to maximize productivity without requiring additional client disclosure agreements.
Original Press Release:
Copanion Announces GruntWorx Pro
Next generation solution saves tax professionals up to an hour per return automating the time-consuming process of organizing and entering client tax data
ANDOVER, Mass., Sept. 17 /- Copanion, Inc., today announced GruntWorx Pro(TM), the next generation of its award-winning tax document automation platform. GruntWorx(TM) is an affordable and easy-to-use solution that automatically organizes and bookmarks scanned tax documents with unprecedented levels of accuracy. GruntWorx Pro is the next evolution of Copanion's platform that also extracts data from scanned tax documents and imports the data into professional tax software. For the 2008 tax season, the first release of GruntWorx Pro is available for Thomson Reuters GoSystem Tax ES(TM).
"GruntWorx Pro will save tax professionals up to one hour per return by automating the time-consuming process of organizing and entering client data. Our proven technology delivers best-in-class accuracy that identifies data in the largest breadth of tax forms available. And we've designed GruntWorx Pro to be easy-to-use and seamlessly integrated with the leading tax software packages so tax professionals can quickly be productive." said Steven Ladd, president and CEO, Copanion.
The GruntWorx family of products is based on patent-pending biometric technology that identifies information in scanned and electronic documents with the highest levels of accuracy. Since GruntWorx was introduced in November 2007, the solution rapidly achieved unprecedented levels of adoption with more than 2000 tax professionals signed up to use the product. GruntWorx also achieved widespread industry recognition and was recently awarded CPA Technology Advisor's 2008 Tax & Accounting Technology Innovation Award. GruntWorx Pro builds upon this technology to help tax firms dramatically increase productivity by automating the time-consuming tasks of organizing and entering tax data.
GruntWorx Pro is an affordable web-based application that is easy to use and deploy so tax professionals can quickly achieve productivity gains. It automates and standardizes data entry for even the most complex tax returns. The complete GruntWorx product line is compliant with Internal Revenue Code section 7216 so tax professionals can increase productivity without requiring additional client disclosure agreements.
GruntWorx Pro is built on industry standards to be seamlessly integrated with the leading tax software packages. Tight integration delivers client data to the right locations in tax software so tax professionals can prepare returns without having to learn how to use a new set of tools and workflows. For GoSystem Tax ES, GruntWorx Pro imports data directly into the GoSystem Tax ES tax organizer letting users review client data using the same tax software interface that they're used to working with.
GruntWorx Pro identifies data in the widest breadth of tax forms available including thousands of variations of the following tax forms:
W-2 1099-G 1098-T 1099-CAP K-1 Form 1065
W-2G 1099-H 1098-E 2439 K-1 Form 1041
1099-A 1099-LTC 5498 5498 State K1
1099-B 1099-MISC 1099-PATR 5498SA Grantor Letters
1099-INT 1099-OID 1099-R 5498ESA RRB-1099
1099-DIV 1098 1099-SA 1042-S RRB-1099-R
1099-C 1098-C Brokerage
Statements
Pricing and Availability
GruntWorx Pro for GoSystem Tax ES is available for the 2008 tax season with affordable per-return pricing. GruntWorx Pro support for other leading tax preparation software packages will be announced later in the 2008 tax year. For more information or to request a demo, please contact your Copanion representative at (800) 291-2136 or visit www.copanion.com.
About Copanion
Copanion is a leading innovator in tax document automation. The company saves tax professionals hundreds of hours during tax season with accurate and secure web-based applications for automating client tax document organization, data entry and review. Copanion is a privately held company with financing from Commonwealth Capital Ventures and Pilot House Ventures.
For more information about Copanion, Inc., visit the company's website at www.copanion.com.
The Copanion and GruntWorx names and logos are trademarks or registered trademarks of Copanion in the United States and in other countries. All other companies and products referenced herein are trademarks or registered trademarks of their respective holders.
CONTACT: Danielle Lee, +1-978-296-9517, dlee@copanion.com, or Traci Massaro, +1-978-255-1231, tmassaro@copanion.com, both of Copanion, Inc.
Web site: www.copanion.com/
