Basis

Description

Basis builds AI agents that do real accounting work end-to-end. Top accounting firms utilize Basis across Client Accounting Services (CAS), Tax, and Audit to transform their doers into reviewers and expand revenue capacity.

The next era of accounting demands agents that accountants can rely on. Basis is purpose-built for accountants, addressing the challenge of absorbing more manual work. It takes on long-horizon, complex workflows, allowing professionals to start at the review stage. This shift not only enhances efficiency but also enables teams to focus on higher-value tasks.

In the realm of CAS and Advisory, Basis executes the month-end close for every client, regardless of data complexity. It automates tedious tasks, enabling accountants to concentrate on insights and client interactions. For Tax, Basis prepares entire returns, streamlining the process from client intake to review-ready workpapers. In Audit, it performs testing and provides sufficient evidence for every conclusion.

Basis is designed with security in mind, featuring SOC 2 Type II certification and multiple layers of protection for client data. It ensures that no client data is used for AI model training, maintaining strict compliance standards. With full data isolation and traceable AI actions, Basis prioritizes client confidentiality and security.

The platform is already in use by leading accounting firms, with partners praising its ability to significantly reduce workload and enhance efficiency. For instance, firms have reported reducing the time required for complex tax returns from over 100 hours to just 15 or 20 hours. This efficiency gain allows firms to grow their CAS departments by 50% year over year.

In a rapidly evolving economic landscape, Basis addresses the increasing complexity of accounting needs. As the profession faces challenges such as a shrinking workforce and rising demands, Basis stands ready to empower accountants with the tools they need to succeed in this new era of accounting.

Basis's Core Features

• End-to-end accounting automation

• Month-end close execution

• Tax return preparation

• Audit testing and evidence citation

• Client-specific context application

• Data isolation and security

• Traceable AI actions

• Multi-factor authentication

How to use Basis?

1. 1

   Configure: Set up your firm-specific policies and templates.

2. 2

   Integrate: Connect Basis with your existing accounting systems.

3. 3

   Automate: Let Basis handle data entry and initial processing.

4. 4

   Review: Focus on reviewing the outputs generated by Basis.

5. 5

   Advise: Spend more time providing insights and advice to clients.

Basis's Use Cases

• Month-end Close
• Tax Preparation
• Audit Testing
• Client Advisory
• Data Management

FAQ from Basis

• What is Basis?

  Basis is an AI platform that automates accounting tasks, allowing accountants to focus on review and advisory work.

• How does Basis enhance efficiency?

  Basis automates tedious accounting processes, significantly reducing the time required for tasks like month-end closes and tax returns.

• Is client data secure with Basis?

  Yes, Basis is SOC 2 Type II certified and employs multiple layers of security to protect client data.

• Can Basis handle complex accounting workflows?

  Absolutely, Basis is designed to manage complex workflows and adapt to specific client needs.

• What industries can benefit from Basis?

  Basis is primarily used in accounting firms, but it can also benefit any organization requiring robust financial management.

• Does Basis require manual data entry?

  No, Basis automates data entry and processing, allowing accountants to start at the review stage.

• What types of accounting tasks can Basis perform?

  Basis can execute month-end closes, prepare tax returns, and conduct audit testing.

• How does Basis support compliance?

  Basis maintains strict compliance standards and ensures that client data is never used for AI training.