IBM and the EY organization debut artificial intelligence-powered global tax compliance solutions
- On May 1, 2025, IBM and the EY organization revealed in Armonk, N.Y. And New York the launch of EY.ai for tax, an AI-driven global tax compliance platform developed using IBM watsonx technology.
- This release builds on their multiyear alliance that combines IBM's AI technologies with EY’s tax expertise to address challenges like limited resources, multiple ERP systems, and complex regulations.
- The suite includes three AI solutions, such as Intelligent Tax Data Lake that consolidates data from 36 sources using watsonx.data and open-source models to automate manual tax processes and improve data quality.
- IBM's Tax Department currently uses these tools, including Withholding Tax Determinations, which automates monthly tax rate calculations and helps evaluate intercompany transactions more quickly, aiming to automate 80% of foreign tax compliance.
- These AI solutions prioritize security and trust to safeguard sensitive data and avoid penalties or reputational damage, while IBM and EY continue enhancing their offerings to increase productivity and application reuse.
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IBM, EY Launch AI-Driven Global Tax Compliance Tools
Revolutionizing Tax Compliance with AI: IBM and EY’s Collaborative Breakthrough In a significant step towards transforming the tax compliance landscape, IBM, a leader in global technology solutions, has partnered with EY, a prominent professional services organization, to introduce an innovative AI-driven solution. This joint effort aims to address some of the most pressing challenges faced […]
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