Thomson Reuters has announced the release of Checkpoint Edge with CoCounsel, a new AI-assisted research capability. The enhanced solution is designed to help tax professionals get answers to their tax research questions using CoCounsel, Thomson Reuters' professional-grade GenAI assistant.
“The exacting nature of tax professionals means mistakes can have serious consequences, and with the current tax staffing shortage, our clients are looking for solutions that can save them time and empower them to do their jobs,” said Nancy Hawkins, vice president of product management at Thomson Reuters. “We're excited to launch Checkpoint Edge in collaboration with CoCounsel to redefine how professionals conduct tax audits. With this solution, we're helping our clients gain more power, whether that be downtime or growing their business, which is incredibly rewarding. Many of the professionals who need to conduct tax audits aren't lawyers, and making the audit process easier and faster for them is what this product is all about.”
Checkpoint Edge with CoCounsel allows you to use questions to get specific answers with citations instead of having to search through multiple answers to find the answer to your query. This saves you time by providing you with a focused answer instead of a list of multiple answers that you have to sort through to find the result you want.
The new AI-assisted research skill leverages large-scale language models, allowing tax professionals to ask questions in everyday language; the solution responds by providing relevant answers along with links to trusted Checkpoint Edge editorial content. Thomson Reuters said that during the development of Checkpoint Edge with CoCounsel, human experts played a key role in training LLMs to effectively answer client questions.
Carter Cousineau, vice president of responsible AI and data, previously
Checkpoint Edge, released in 2019, was an AI-enhanced version of the flagship Checkpoint solution.
