RightCapital Launches Tax Analyzer with OCR Technology

RightCapital, the financial planning software company, has introduced a new tool, the Tax Analyzer. The tool utilizes Optical Character Recognition (OCR) technology to swiftly analyze tax returns. This enables financial advisors to identify potential tax-saving opportunities for clients. Advisors can securely upload client tax documents into the system, which reads and analyzes them to suggest plan changes.

Shuang Chen, CEO of RightCapital, highlights the efficiency of this tool in improving client outcomes. It allows advisors to propose plan updates with minimal effort. The Tax Analyzer evaluates data to identify impacts on deductions, exemptions, and credits, enhancing the advisor's efficiency.

This tool is part of RightCapital's comprehensive tax planning suite, following the earlier introduction of their tax strategies tool. Available in the Premium and Platinum subscriptions, the Tax Analyzer is a significant resource for advisors aiming to streamline their tax planning processes.