Accordance provides a multi-agent AI platform designed for tax, audit, and CPA teams. It processes unstructured financial data to automate and streamline tasks, making tax practice more efficient.
Funding
$13M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
A+1Founders
Product
Problem
Tax, audit, and CPA teams face challenges in efficiently processing unstructured financial data, leading to time-consuming manual tasks and potential inaccuracies. Navigating complex and constantly evolving global tax and accounting regulations further exacerbates these issues.
Solution
Accordance provides an AI platform designed to automate and streamline workflows for tax, audit, and CPA professionals. The platform leverages agentic AI to analyze unstructured financial data, extract relevant information, and provide authoritative code, context, and citations. By connecting detailed fact patterns to relevant knowledge and providing visible reasoning, Accordance enhances accuracy and enables a verifiable workflow. The platform is built with enterprise-grade security, transparent protocols, and rigorous compliance standards to ensure data protection.
Target Audience
The primary target audience includes tax, audit, and CPA teams seeking to improve efficiency, accuracy, and compliance in their practice.
Features
- AI-powered assistant for navigating global tax and accounting regulations with real-time updates
- Enhanced accuracy through visible reasoning and source list for efficient verification
- TaxBench, a comprehensive AI benchmark for the tax industry, improving AI reasoning and transparency
- Enterprise-grade security with global data governance and regional isolation capabilities
- Granular access controls, audit trails, and custom security policies
- Comprehensive security framework with transparent documentation of security controls and data protection standards
- Security Operations Center (SOC) monitoring and response to security events
- Multi-layered infrastructure security including encryption, secure networks, and scanning
- Regular third-party assessments and audits to verify security controls