Prophit.ai
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About
U.S. corporations annually overpay $30B in sales tax on tax-exempt purchases and only recover a fraction through reverse audits. Prophit.ai leverages machine learning to proactively prevent these overpayments. Sales & use tax compliance is complex due to the sheer volume of purchases, intricate state tax codes, and complicated systems for accruals, exemptions, and claims. Prophit.ai's AI-powered platform addresses these challenges by correcting past errors and preventing future ones, streamlining sales & use tax compliance with minimal effort. The solution involves historical analysis, model training, and future-proofing. Additionally, Prophit.ai offers a FREE Health Check, using AI to scan Accounts Payable data for both overpaid and underpaid tax, potentially uncovering millions in eligible refunds and helping companies avoid future liabilities and penalties.
Platform
Features
• automated sales and use tax compliance
• insight into potential tax liabilities
• identification of eligible tax refunds
• prevention of future tax overpayments/underpayments
• correction of past tax errors
• historical accounts payable data analysis
• machine learning for tax exemption identification
• ai-powered sales tax assistant
Pricing Plans
Free Health Check
Free Plan• AI-powered historical analysis of Accounts Payable data
• Identifies overpaid sales tax and eligible refunds
• Exposes underpaid tax and potential liabilities
• Provides insights to prevent penalties and interest
Job Opportunities
There are currently no job postings for this AI tool.
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