
FortunAI
Transforming tax planning and reducing time spent by 60% through AI-driven automation.
Transforming tax planning and reducing time spent by 60% through AI-driven automation.
Transforming tax planning for mid-size firms with an AI-driven platform that automates strategies, optimizes savings, and achieves $475,000 ARR in the first year.
Company
FortunAI is dedicated to empowering mid-size accounting firms with advanced AI-driven solutions. By leveraging industry and tax specific data, combined with and artificial intelligence, FortunAI helps improve operational efficiency, along with optimizing their clients tax strategies.
Client
FortunAI
Location
Livonia, MI, US.
Industry
Fintech, Operations
Technologies
Nest.js, Node.js, AWS
Services
FortunAI is dedicated to empowering mid-size accounting firms with cutting-edge AI solutions. By leveraging tax-specific datasets, automation, and machine learning, the platform enhances operational efficiency and optimizes tax strategies for businesses.
Valere partnered with a prominent accounting firm to develop an advanced tax optimization platform. This platform integrates and then intelligently analyzes a company's financial data and tax information, aligning it with existing tax-saving strategies, incentives, and programs, to craft a customized tax efficiency plan aimed at financial savings and optimal tax structuring.
The challenge was to Develop an indispensable AI assistant tailored for tax professionals, seamlessly integrating into their workflows. The key challenge lay in designing an intuitive UX/UI capable of effectively presenting vast amounts of complex data and strategies to users. The solution also required implementing intricate tax calculations for both federal and state levels in the United States, accounting for diverse factors such as varying tax rates, income brackets, filing statuses, deductions, etc. Additionally, the system needed to cross-reference all relevant data against specific federal and state regulations to ensure compliance and accuracy.
We delivered a robust application designed to calculate tax obligations or refunds based on client income data and facilitate the creation of tax plans to minimize obligations or maximize refunds, with or without AI assistance. The application consists of two main components:
Technical Highlights:
Technologies Used:
As of today, we have an established pipeline onboarding new users and a significant demand for demos.
Solution
The application is designed for tax professionals, who are the primary users. Through the application, users can calculate tax obligations or refunds for their clients, and create tax plans that reduce tax obligations or increase refunds for their clients. AI has been implemented to assist in creating tax plans within the system, along with additional features such as:
Results