Challenges
Sureprep faced the following challenges with extracting information to populate tax returns -
- Increasing number of data sources (bank reports, brokerage reports)
- Increasing variability of sources leading to frequent modification of extraction processes
- Increasing costs in developing and maintaining custom data extraction scripts
Solution
Sureprep deployed its publishing solution using Denodo Data Virtualization in 3 steps –
- Automated extraction of tax data from reports, websites, OCR output (hierarchical data) and normalization to a relational format
- Application of quality checks and business rules, integration with historical master data
- Flexible data services used to publish data to tax software packages as well as internal users and applications via JDBC/ODBC/web services
Benefits
- Increased efficiency in incorporating new reports and formats
- Greater scalability in accommodating new customers
- Better compliance through increased data accuracy
