Cordiance Delivers Major Updates to Modios Cloud Platform for Indirect Tax Automation Driving Even Faster Projects and Saving Even More Time and Money
01 Mayo 2024 - 9:55AM
Business Wire
New Version Includes Significant Performance Gains, Multiple New
Features, Deep AI and Machine Learning Integration, Leverages Large
Language Models and Generative AI, and Adds Support for Enterprise,
Professional, and SMB Use Cases
Cordiance, a pioneer in intelligent tax automation technology,
today announced major updates to Modios, its software platform for
automating tax engine implementation and management. The updates
include an expanded feature set and a significant increase in power
and real-time processing capability to help users get more
productivity from their tax engine while reducing the cost and
effort required to implement and maintain it. Modios is now
available in three different versions designed for specific
customer use cases: Modios Enterprise for internal tax teams,
Modios Professional for professional tax consulting firms, and
Modios SMB for growing and emerging companies with more
straightforward tax requirements like eCommerce.
Tax engines can be difficult and costly to implement and require
regular maintenance. Whether they use an internal team or a
consulting firm, businesses can spend millions of dollars and
thousands of hours every year manually implementing and maintaining
their tax engines. Modios leverages Cordiance’s proprietary
intelligent automation technology to deliver a better tax engine
experience at a fraction of the time and cost. Cordiance estimates
Modios users can implement or migrate a tax engine more than three
times faster than a manual implementation, and reduce the personnel
required for the project by more than 70 percent. These time
savings drive significant cost savings.
“Our new version of Modios is a revolutionary step forward in
intelligent tax automation technology,” said Mustafa Ashurex, VP of
Engineering at Cordiance. “Featuring a new user interface,
increased real-time processing capabilities and customizable
workflows, this latest Modios release simplifies and accelerates
tax engine implementation and maintenance in ways previously
unavailable anywhere in the tax engine market.”
Significant new features built into the latest release
include:
- An intuitive, engaging and interactive UI supporting new
implementations and ongoing tax engine management
- Ability to rapidly migrate from one tax solution to
another
- Massive computing power delivers incredible performance
acceleration
- Intelligent dashboards that update in real time
- Ability to manage and maintain a tax engine in real time with
key changes immediately resulting in new requirements, design, use
cases, configuration, tests and documentation
“The cost and time Modios can save tax engine teams make it a
compelling management solution for internal teams and external
consultancies. Enterprises can minimize the time and cost needed to
run their tax engines, while outside consultancies can serve more
customers to increase billings and expand their service offerings
to develop new revenue streams,” said Matthew Walsh, VP of Product
at Cordiance. “With the introduction of the new versions of Modios,
Cordiance has tailored the Modios suite to address the specific
usage requirements of internal and external tax teams.”
The three new Modios versions are:
Modios Professional - built by expert implementers for
expert implementers to help them consistently deliver more projects
at once in less time and with better quality. When an implementer
uses Modios Professional, their customers get better outcomes in
less time and at lower cost.
Modios Enterprise - built for companies who want to
deliver or extend their own implementations, Modios Enterprise is
like having the best implementation team permanently on staff. With
Modios Enterprise, businesses don’t require an implementation
partner and will save a lot of time and money with absolutely no
compromise in quality.
Modios SMB - built for growing companies with more
straightforward tax requirements like eCommerce. Like Modios
Enterprise, it gives users an end-to-end process that enables them
to build their own implementations, sized for their market segment
and complexity, without the need for an implementation partner.
For more information about the Modios application suite, and to
schedule an demonstration, please visit the Cordiance website.
About Cordiance
Cordiance creates powerful software solutions that leverage the
power of the cloud and make it quicker, easier and more
cost-effective to implement, manage and maintain an indirect tax
engine. Cordiance solutions support all major tax engines.
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Media Contact Jared Rowe jared@cordiance.com