appengine.ai

Artificial Intelligence | Machine Learning | Natural Language Processing Prophit.ai | Machine Learning Solutions for Tax


Computer Software, Accounting, Sales Tax, Retail & Commerce Cleveland, OH, United States

Prophit.ai

Artificial Intelligence | Machine Learning | Natural Language Processing


Prophit.ai | Machine Learning Solutions for Tax

Prophit.ai

Computer Software, Accounting, Sales Tax, Retail & Commerce


Cleveland, OH, United States

Prophit.ai develops machine learning solutions for sales and use tax decision making. Our technology allows us to perform reverse audits 50x faster, and helps clients maintain compliance by solving the taxability problem during purchasing. U.S. corporations overpay $30B in sales tax each year on purchases that are actually tax exempt, and get only 65% of it back with a reverse audit. Prophit.ai applies machine learning technology to prevent these overpayments from happening in the first place. Our AI-powered platform corrects past errors and prevents them from being made in the future. It's sales & use tax compliance with minimal effort. A quick preview of our Machine Learning capabilities: select a US State, type in any item and our algorithm will determine its taxability: From all AP dataset fields, the line item description is the single best predictor. The Taxionary showcases our capabilities for making taxability decisions based on just that single field, but our full model utilitizes all fields in the dataset and therefore yields even better results.

 

B2B

1 to 25

Funded

$75 K

Scaling Up

2019

 
 

Retail and Commerce
Financial Services
Enterprise Software
Computer Software
Accounting

N/A

Revenue Growth

 
 

Analytics
IT and Security
Service
Sales

Yes

Active

 
 

   Machine Learning
   Natural Language Processing


N/A


Text

Text

 

   Software


N/A


N/A

 
 
Austin Murray


Austin Murray
Chief Executive Officer

Rob van Haaren


Rob van Haaren
Founder