“Very impressive technology in picking up the k3 numbers & efficiency in processing k3s, very short bridge needed to perfection. Thank you Team.”
Data Extraction Software for Alternative Investments
Automate away the biggest for you and your clients before next tax season’s wave of 990s & K-1s and grow your gross margins by 9.8%
Slashed K-1 & 990 processing times
Grow gross margins by 9.8%
Free nights and weekends from robotic tasks
10X collaboration
After-tax ROI analysis to uncover valuable insights
Industry-unique portfolio & asset reporting/ analysis
Modern, cloud-based AI tax technology for accounting firms to THRIVE during seasonal K-1 & 990 volumes
Imagine taming alternative investment data extraction complexity by automating and accelerating tax data production, receipt and filing for all your entities. K1x is trusted by 20 of the top 25 Accounting Firms. Transform tax to get your nights and weekends back!
RECEIVE K-1s?
K-1 Aggregator®
Award-winning, patented tech eliminates 90% of manual K-1 data extraction in just 11.18 seconds.
Face page
White papers
State reporting
K-3s
PRODUCE K-1s?
K-1 Creator®
The first and only solution to seamlessly build a traditional K-1 package (PDF) and a completely Digital K-1™ (.k1x) transmission.
FILE 990s?
990 Tracker®
THE industry-standard software for streamlined 990 workflows including data collection, analysis, exempt reporting, integration, and IRS-approved e-filing.
70%
of K-1s will arrive in the last months of the year.
Let K1x software help you.
K1x provides data extraction for alternative investments
Accounting Firms Love K1x Tax Technology
“This tech will make a huge impact on our tax transformation”
K1X
Client
Challenge
- Manually rekeying same numbers in excel spreadsheets, then into tax forms
Solution
- Adopted innovator mindset
- Allocated resources to change management
- Phased Adoption of K1 Aggregator (formerly K-1 Analyzer)
Outcome
- Adopted processing of hundreds of K-1s in 2020, growing to thousands of K-1s by 2023
- 90% reduction in manual entries
- Faster timelines, improved margins, and greater overall satisfaction
50% time-savings from K-1 automation using K1 Aggregator®
“With K1x, it’s click, click, and I’m done! The software allows me to ensure everything is correct before importing into my tax prep software and does so in record time. Accuracy AND efficiency! “
GURSEY | SCHNEIDER
LLP
Challenge
- Time-consuming: ~1 hour per K-1 including fed and state forms and extensions. Process included manually extracting K-1 data and entering it into spreadsheets and separately into tax software.
- Unsustainable, spikey volume: Large K-1 volumes for trusts and individuals arriving after September 15, right before tax deadlines
- Only 1 month to get all K-1 data correctly entered, calculated, analyzed
- Individual tax returns are due 2 short weeks after trust tax returns
Solution
- K-1 Aggregator® for automated K-1 data extraction, aggregation, and reporting
Outcome
- K1x is 10X faster than common tax industry software to run updates
- K-1 processing times improved by 50%
- Freed time reallocated to tax strategy, tax planning, and taking on new clients
- Responsive K1x support quickly answered user questions
- Recent software innovations increased ease of use
- Plans to rollout K-1 Aggregator® to more areas of the firm
50% time-savings from K-1 automation using K1 Aggregator®
“K1 Aggregator® takes away the monotonous tasks. It automates without mistakes and helps people avoid minor errors from data entry. That little green checkmark means you got it right.”
Top 100
Accounting Firm
Challenge
- Manual K-1 processes: Previous processes required double entry of data; into work papers and separately into tax software.
- Last-minute volume: K-1s coming in late, leading to late nights and weekends.
- Complexity: 400 journal entries on a single K-1
Solution
- K-1 Aggregator® for automated K-1 data extraction, aggregation, and reporting
- High quality onboarding and in-depth training
- “CCH integrates really well and it’s still improving”
Outcome
- 10-15% increase in firm margins
- K-1 processing times cut 55-65%
- Freed time for additional customer reviews
- “Reduced risk of mistakes to near zero with our reviews”
- Plans to rollout K-1 Aggregator® 10-15% to more areas of the firm
Drastic reduction in manually inputting data using K1 Aggregator®
“It’s a cliche, but it’s true, Now we spend more time on value added work versus manually inputting data especially with state activities captured automatically. We expect even more efficiencies in year 2. Powerful K1 Aggregator technology helped us achieve a drastic reduction in hours.”
Weaver
Assurance, Tax & Advisory
Challenge
- Manual K-1 processes with tight deadlines – Previous process consisted of manual inputs into spreadsheets to aggregate K-1 data. This put pressure and strain on resources during tax deadlines.
- Heavy K-1 volumes – Ingesting large K-1 file volumes forced us to look elsewhere for automation efficiencies
Solution
- K-1 Aggregator® for automated K-1 data extraction, aggregation, and reporting
- Excellent training for easy onboarding
- Responsive service and fast implementation of requested product improvements
Outcome
- Eliminated double entry into tax software and separately into spreadsheets
- Created more time for team to provide value added services for clients. Instead of spending time creating the data, we spent time analyzing what it means and how it impacts the client’s business.
- “2-2-2 is right. Two days to assess. Two weeks to go live. Two months to value”
- Plans to rollout K-1 Aggregator® K-1 Processing to more areas of the firm
“This is something else entirely far beyond my expectations and my expectations are very high.
We’ll definitely circle around with more stakeholders to move this forward.”
ACCOUNTING FIRM
“After going through the pilot, my feeling is that KIx technologies are not something that I want to practice without.”
ACCOUNTING FIRM
“I used KIx at my former firm, and am so happy that we’re introducing them to my firm now.”
ACCOUNTING FIRM
“There is no other tech out there like 990 Tracker® (formerly C-TRAC).”
ACCOUNTING FIRM
Larger volume? Larger ROI!
FOR EXAMPLE
For a composite firm with 500 K-1s and 20 entities
COLLECT 500 K-1S
0.9 person hours savings per portal
60% process savings
405 annual person hours savings
$26K annual savings
ANALYZE 500 K-1S
1.6 person hour savings per K-1
26% overall process savings
805 annual person hours savings
$52K annual savings
PRODUCE 500 K-1S
1.5 person hours per K-1
24% overall process savings
755 annual person hours savings
$48K annual savings
FILE 20 ENTITIES
7.5 person hours savings per form
26% overall process savings
266 person hour savings
$14K annual savings
You’re in GREAT company! Let’s talk.
Board of Directors
K1x has assembled an exceptional board of directors to lead our growth. From B2B fintech SaaS experts, to AI and automation patent holders in tax transformation, to former heads of US Treasury and the IRS, the future for K1x and for our customers could not be brighter.