Holistiplan provides a tax planning software that utilizes optical character recognition (OCR) technology to analyze tax returns and generate actionable reports for financial advisors. This tool enables advisors to identify tax planning opportunities and model various financial scenarios, enhancing client engagement and improving overall financial strategy.
Funding
Funding not disclosed
Founders
Product
Problem
Financial advisors often spend excessive time manually analyzing client tax returns to identify potential planning opportunities. This process is time-consuming, prone to errors, and can delay the delivery of actionable insights to clients.
Solution
Holistiplan is a tax planning software that leverages optical character recognition (OCR) to streamline the analysis of tax returns and generate client-friendly reports. The platform quickly scans hundreds of pages of tax documents, transforming complex data into clear, actionable insights. Advisors can use these insights to model various financial scenarios, such as Roth conversions and charitable giving, and accurately project their impact on clients' tax liabilities. By automating the tax return analysis process, Holistiplan enables advisors to focus on strategic planning and client engagement, ultimately enhancing their service offerings.
Target Audience
Holistiplan is designed for financial advisors and CPAs who want to streamline their tax planning process, improve client engagement, and provide more comprehensive financial advice.
Features
- OCR technology that scans and analyzes tax returns in under a minute
- Automated identification of key tax planning opportunities and potential risks
- Scenario analysis tools to model the impact of financial decisions on tax liabilities
- Client-friendly reports with visualizations of key figures, tax brackets, and Medicare premiums
- Insurance Risk Management tool that scans policies to identify coverage gaps
- Estate Planning module to ensure clients' estate plans and documents achieve their intended goals
- Customizable reports with firm branding
- Integration with other financial planning tools