“Transforming Tax Research: Thomson Reuters Unveils AI Assistant, CoCounsel”
Thomson Reuters revealed the first of its kind – Checkpoint Edge with CoCounsel – a Generative AI (GenAI) assistant designed to redefine tax research for professionals worldwide.
Born of a robust collaboration with Amazon Web Services, this exclusive GenAI product from Thomson Reuters offers uncomplicated solutions to intricate tax research inquiries, making tax professionals' jobs faster and more efficient.
Traditionally, tax research is a meticulous process, necessitating extensive manual labor and expertise. Now, the introduction of Checkpoint Edge with CoCounsel brings the power of AI-assisted research to tax professionals, transforming the way tax positions are handled and defended.
CoCounsel, the trusted GenAI assistant, seeks to simplify tax research. By engaging in a conversation with this AI, professionals can pose questions in everyday parlance and, in response, receive accurate answers linked to trusted Checkpoint Edge content and source materials within moments.
“In a shrinking workforce where accountants often struggle with interpreting legislations like lawyers, a GenAI-powered solution can be transformative,” comments Nancy Hawkins, vice president of Product Management, Research, Thomson Reuters.
Recent studies suggest that approximately 77% of tax professionals believe in the potential of GenAI to streamline professional services, increase efficiency, and boost productivity.
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