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Thomson Reuters tool for tax and audit operations draws on >20 billion proprietary and public documents and 4,500 subject matter experts and connects internal knowledge, regulatory materials and firm-specific data into a single workspace

June 3, 2025 //  by Finnovate

Thomson Reuters has launched an AI platform designed to help professionals automate complex workflows. The platform — Agentic Intelligence — integrates with professional applications to plan, reason and act across tasks while maintaining audit trails and data controls. The launch also includes a new tool, CoCounsel for Tax, developed for tax, audit and accounting professionals. It connects internal knowledge, regulatory materials and firm-specific data into a single workspace. Early users report gains in speed and accuracy. Accounting firm BLISS 1041 used the system to reduce residency and filing code reviews from several days to under an hour. CoCounsel for Tax is now available in the U.S., with expanded features and geographies expected by year-end. The company said Agentic Intelligence draws on more than 20 billion proprietary and public documents and is supported by 4,500 subject matter experts. It leverages recent investments in AI infrastructure and partnerships with OpenAI, Anthropic, Google Cloud and AWS. The next product, Ready to Review, will focus on tax return preparation. Thomson Reuters plans to expand the platform into legal, compliance and risk sectors in 2025.

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