Tax Technology for Funds
Take control of your K-1 data, your K-1 process and K-1 deliverables.
PRODUCE K-1S? Automate and customize K-1 creation with comprehensive collaborative tooling that provides accurate K-1s on demand, custom statements designed in a word-based editor, and flexible packing tools allowing for easy compilation and distribution.
RECEIVE K-1S? Awarding-winning, patented K-1 Aggregator® eliminates 90% of manual K-1 data entry. Just 11 seconds to accurately and automatically extract PDF K-1 data.
Data on-demand
Data connectivity to other systems & processes
Auto allocations & taxable income through tiers
Ownership of work
Deep reporting & analysis for funds
After-tax ROI analysis
Cloud-based, AI tax technology for funds facing higher alternative investment volumes
Funds Love K1x Tax Technology
“There is an astonishing amount of information you can get from the software without even realizing it. After tax season we wanted a really detailed view of our income breakout by K-1 and income category and it turned out K1 Aggregator® had brought most of that data in without us even knowing with a separate section for K-3 pivots.“
LARGE INSTITUTIONAL INVESTOR
Challenge
- Manual work inhibited time spent on analysis: Example-No visibility to drill down and view partnerships with nonresident withholding. Required 3 hours clicking through 400 K-1s
- Bottlenecks: 1099 team restricted to first four hours of the day;K-1 team waiting for the last four hours to work sequentially
Solution
- Open to technology solutions
- Adopted K1 Aggregator®
Outcome
- Better analysis & error detection: Ability to pivot data accelerates finding answers. Ease of selecting and exporting data helps discover whether preparers were analyzing information correctly
- Concurrent work: Multiple people can now work in the return at the same time is a significant convenience and time-saver.
- Easier K-3s: View organized list of foreign branch income sources for easy analysis