Copanion, Inc. - GruntWorx Populate
From the July 2011 Review of Tax Document Automation Systems
While the GruntWorx Gather, GruntWorx Organize, and GruntWorx Trades services create files that are compatible with almost any tax application or document management tool, the GruntWorx Populate tool integrates fully with GoSystem Tax RS, ProSystem fx Tax or UltraTax CS.
Copanion’s GruntWorx is one of the two independent providers of tax document automation tools reviewed here. Unlike many competitors who license optical character recognition (OCR) engines to convert images to text, Copanion took a more basic approach and wrote its own OCR engine to serve as the backbone of GruntWorx. The company has processed millions of documents through this engine over the last six years, and its OCR engine recognizes and extracts data from thousands of different IRS forms.
Since GruntWorx is sold to end users on a per-use basis, it is an ideal solution for those who would like to try tax document automation before it is implemented across an entire firm.
GruntWorx Gather, a service that aggregates consolidated 1099 information from numerous financial institutions on behalf of clients, is the newest product in the GruntWorx line, and was launched in 2011. While there is some initial resistance from both accountants and clients to enter client brokerage account passwords into the Copanion website, the GruntWorx Gather product represents a step into automatic aggregation of account data, which many believe is the future of accounting in the internet age.