IBM and the EY organization debut artificial intelligence-powered global tax compliance solutions
IBM (NYSE: IBM) and EY have announced the launch of EY.ai for tax, built with IBM's watsonx AI technology. The solution combines IBM's AI capabilities with EY's tax expertise to revolutionize tax compliance processes. Three key AI-enabled solutions have been introduced:
1. Intelligent Tax Data Lake: Consolidates tax filing data from multiple sources using watsonx.data and watsonx.ai 2. Detect and Correct with Business Documents: Extracts and verifies data from unstructured invoices 3. Withholding Tax Determinations: Automates monthly withholding tax rate calculations
Currently implemented in IBM's Tax Department, these solutions are expected to save tens of thousands of hours annually, with IBM on track to automate 80% of its foreign tax compliance. The system streamlines data consolidation from 36 sources while prioritizing security and trust in handling sensitive tax data.
IBM (NYSE: IBM) e EY hanno annunciato il lancio di EY.ai per il tax, sviluppato con la tecnologia AI watsonx di IBM. La soluzione unisce le capacità di intelligenza artificiale di IBM con l'esperienza fiscale di EY per rivoluzionare i processi di conformità fiscale. Sono state introdotte tre soluzioni chiave basate sull'AI:
1. Intelligent Tax Data Lake: Consolida i dati delle dichiarazioni fiscali provenienti da diverse fonti utilizzando watsonx.data e watsonx.ai
2. Detect and Correct with Business Documents: Estrae e verifica i dati da fatture non strutturate
3. Withholding Tax Determinations: Automatizza il calcolo mensile delle aliquote di ritenuta d'acconto
Attualmente implementate nel Dipartimento Fiscale di IBM, queste soluzioni dovrebbero far risparmiare decine di migliaia di ore all'anno, con IBM che prevede di automatizzare l'80% della conformità fiscale estera. Il sistema semplifica la consolidazione dei dati da 36 fonti, garantendo al contempo sicurezza e affidabilità nella gestione di dati fiscali sensibili.
IBM (NYSE: IBM) y EY han anunciado el lanzamiento de EY.ai para impuestos, desarrollado con la tecnología de IA watsonx de IBM. La solución combina las capacidades de inteligencia artificial de IBM con la experiencia fiscal de EY para revolucionar los procesos de cumplimiento tributario. Se han presentado tres soluciones clave habilitadas por IA:
1. Intelligent Tax Data Lake: Consolida datos de declaraciones fiscales de múltiples fuentes utilizando watsonx.data y watsonx.ai
2. Detect and Correct with Business Documents: Extrae y verifica datos de facturas no estructuradas
3. Withholding Tax Determinations: Automatiza el cálculo mensual de las tasas de retención
Actualmente implementadas en el Departamento Fiscal de IBM, se espera que estas soluciones ahorren decenas de miles de horas anuales, con IBM encaminado a automatizar el 80% de su cumplimiento tributario extranjero. El sistema agiliza la consolidación de datos de 36 fuentes, priorizando la seguridad y la confianza en el manejo de datos fiscales sensibles.
IBM (NYSE: IBM)와 EY가 IBM의 watsonx AI 기술을 활용해 개발한 EY.ai for tax 출시를 발표했습니다. 이 솔루션은 IBM의 AI 역량과 EY의 세무 전문성을 결합하여 세무 준수 프로세스를 혁신합니다. 세 가지 주요 AI 기반 솔루션이 도입되었습니다:
1. Intelligent Tax Data Lake: watsonx.data와 watsonx.ai를 사용해 여러 출처의 세무 신고 데이터를 통합
2. Detect and Correct with Business Documents: 비정형 인보이스에서 데이터 추출 및 검증
3. Withholding Tax Determinations: 월별 원천징수 세율 계산 자동화
현재 IBM 세무 부서에 도입되어 연간 수만 시간의 절감이 예상되며, IBM은 해외 세무 준수 업무의 80%를 자동화할 계획입니다. 이 시스템은 36개 출처의 데이터 통합을 간소화하며, 민감한 세무 데이터를 다룰 때 보안과 신뢰를 최우선으로 합니다.
IBM (NYSE: IBM) et EY ont annoncé le lancement de EY.ai for tax, développé avec la technologie d'IA watsonx d'IBM. Cette solution combine les capacités d'IA d'IBM avec l'expertise fiscale d'EY pour révolutionner les processus de conformité fiscale. Trois solutions clés basées sur l'IA ont été présentées :
1. Intelligent Tax Data Lake : Consolide les données de déclaration fiscale provenant de multiples sources grâce à watsonx.data et watsonx.ai
2. Detect and Correct with Business Documents : Extrait et vérifie les données des factures non structurées
3. Withholding Tax Determinations : Automatise le calcul mensuel des taux de retenue à la source
Actuellement mises en œuvre au sein du département fiscal d'IBM, ces solutions devraient permettre d'économiser des dizaines de milliers d'heures par an, IBM visant à automatiser 80 % de sa conformité fiscale étrangère. Le système facilite la consolidation des données provenant de 36 sources tout en garantissant la sécurité et la confiance dans la gestion des données fiscales sensibles.
IBM (NYSE: IBM) und EY haben die Einführung von EY.ai for tax bekannt gegeben, das mit IBMs watsonx KI-Technologie entwickelt wurde. Die Lösung verbindet IBMs KI-Fähigkeiten mit EYs Steuerexpertise, um Steuer-Compliance-Prozesse zu revolutionieren. Drei wichtige KI-gestützte Lösungen wurden eingeführt:
1. Intelligent Tax Data Lake: Konsolidiert Steuerdaten aus verschiedenen Quellen mithilfe von watsonx.data und watsonx.ai
2. Detect and Correct with Business Documents: Extrahiert und überprüft Daten aus unstrukturierten Rechnungen
3. Withholding Tax Determinations: Automatisiert die monatliche Berechnung der Quellensteuersätze
Derzeit in der Steuerabteilung von IBM implementiert, sollen diese Lösungen jährlich zehntausende Stunden einsparen, wobei IBM plant, 80 % seiner ausländischen Steuer-Compliance zu automatisieren. Das System vereinfacht die Datenkonsolidierung aus 36 Quellen und legt dabei großen Wert auf Sicherheit und Vertrauen im Umgang mit sensiblen Steuerdaten.
- Solutions expected to save tens of thousands of hours annually in tax compliance processes
- IBM on track to exceed 80% automation of foreign tax compliance
- Successfully streamlines data consolidation from 36 different sources
- Partnership combines IBM's AI technology with EY's deep tax expertise
- None.
Insights
IBM and EY's new AI tax solutions demonstrate practical enterprise AI applications with measurable efficiency gains, strengthening IBM's position in business process automation.
This partnership between IBM and EY represents a significant advancement in applying artificial intelligence to specialized business functions. The "EY.ai for tax" solution leverages IBM's watsonx AI portfolio and open-source models including IBM Granite to tackle complex tax compliance challenges. What's particularly notable is the practical implementation across three specific solutions: an Intelligent Tax Data Lake using watsonx.data and watsonx.ai to consolidate data from 36 different sources; a document analysis system that extracts data from unstructured invoices; and an automated Withholding Tax Determinations system that evaluates thousands of intercompany transactions.
IBM's internal deployment serves as a powerful proof of concept, demonstrating that these AI solutions deliver measurable operational benefits rather than theoretical capabilities. By automating previously manual processes in tax compliance, IBM is showcasing how AI can transform labor-intensive business functions beyond the typical use cases. This implementation aligns with IBM's strategic focus on enterprise AI applications with quantifiable returns, helping position watsonx as a versatile platform for specialized business domains.
The emphasis on open-source models, combined with proprietary capabilities, reflects IBM's hybrid approach to AI - leveraging the innovation of open source while adding differentiated value layers. For enterprise customers struggling with similar tax compliance challenges, these solutions demonstrate how AI can convert administrative functions into strategic assets while maintaining necessary governance and trust requirements.
EY and IBM's AI tax solutions address critical pain points for multinational corporations, potentially transforming tax departments from cost centers to strategic assets.
This collaboration directly addresses the most significant operational challenges facing corporate tax departments: limited resources, fragmented ERP systems, talent shortages, and increasingly complex regulations. The three AI-enabled solutions target specific inefficiencies that plague multinational tax operations. The Intelligent Tax Data Lake consolidates and enriches transaction data from numerous sources – 36 different systems in IBM's implementation – creating a single source of reliable tax information. The document analysis system automates the tedious process of reviewing and correcting invoice data, dramatically increasing processing capacity. The Withholding Tax Determinations system handles the intricate task of applying correct tax rates to thousands of intercompany transactions.
IBM's internal results provide compelling validation, with the company reporting expected savings of tens of thousands of hours annually and projecting to exceed their goal of automating 80% of foreign tax compliance. This level of automation transforms how tax departments operate, freeing skilled professionals from routine data processing to focus on strategic tax planning and value creation.
The emphasis on governance, trust, and data safeguards acknowledges the high-stakes nature of tax compliance, where errors can result in penalties and reputational damage. For multinational corporations managing complex global tax obligations, these solutions could significantly reduce compliance risks while improving operational efficiency – effectively converting tax departments from administrative cost centers into strategic business partners.
IBM's technology coupled with the EY organization's deep domain experience reimagines the role of artificial intelligence in the evolving tax compliance landscape
EY.ai for tax, built with IBM watsonx, is powered by open-source AI models, including IBM Granite, to help organizations automate tax compliance and streamline global data management. With this announcement, IBM and the EY organization are helping clients address their limited resources, multiple enterprise resource planning (ERP) systems across client environments, talent shortages and complex regulations by creating novel generative AI solutions that multiply productivity.
"Our professionals are extending beyond world-class tax technical knowledge and combining their experience with emerging technologies that can produce highly effective outcomes for our clients," said Martin Fiore, EY Americas Deputy Vice Chair – Tax. "The success of the alliance has been proven with the deployment of EY.ai for tax, built with IBM watsonx, with the IBM tax department. We flipped the long-held view of tax as an administrative function to a value creation function for businesses with AI-enabled solutions that are highly cost effective and performant all while prioritizing governance and trust."
The three initial AI-enabled tax solutions include:
- Intelligent Tax Data Lake: Leveraging IBM watsonx.data, watsonx.ai and open-source models, the solution gathers, enriches and consolidates the required transaction data from numerous sources for tax filings. For IBM's own tax department, the solution's built-in data controls and reconciliation checkpoints streamline data consolidation from 36 sources and help produce higher quality data, automating a manual process.
- Detect and Correct with Business Documents: Using watsonx.ai and IBM Research's open-source toolkit Docling, the solution extracts data from unstructured invoices to compare and correct ERP data for tax determinations and filing. The solution enables IBM to dramatically increase the number of source documents reviewed, automating previous manual processes.
- Withholding Tax Determinations: Built with watsonx.ai, the solution automates the monthly process of determining the correct withholding tax rate that should be applied to individual transactions. IBM tax professionals now leverage the solution to more quickly and accurately evaluate thousands of intercompany transactions.
The solutions are currently in use by IBM's Tax Department to automate previously manual, time-consuming processes, and the solutions are expected to save tens of thousands of hours annually. By streamlining tax compliance with AI, IBM is on track to exceed its goal of automating
"We manage massive volumes of granular data from disparate sources to file thousands of tax returns across hundreds of legal entities worldwide. By combining EY domain expertise in tax and IBM's AI technology, we were able to transform the way our tax department handles global tax compliance, freeing up the team to focus on more strategic work," said IBM Vice President and Chief Tax Officer Kanthi Morrissey.
IBM and EY teams are working to further enhance these solutions and to expand them to other tax processes with an eye towards further re-use and applications. For more information on these solutions, visit https://www.ey.com/en_us/tax/ey-ai-tax-ibm-watsonx.
About EY
EY exists to build a better working world, helping create long-term value for clients, people and society and build trust in the capital markets.
Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.
Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a
This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients.
About IBM
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs, and gain a competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to effect their digital transformations quickly, efficiently, and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM's long-standing commitment to trust, transparency, responsibility, inclusivity, and service. Visit www.ibm.com for more information.
Media contacts
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Media Relations, EY US
julia.peters@ey.com
850.228.2182
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External Comms, IBM Ecosystem
clare.chachere@ibm.com
512.653.0023
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