Technology
Interplay Learning Mobile App Empowers Organizations to Save Time and Boost Productivity by Training Teams on the Go
Published
11 months agoon
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With the new app, employers can unlock unique flexibility, maximize the benefits of Interplay’s career development platform, and support a strong, skilled workforce
AUSTIN, Texas, June 19, 2024 /PRNewswire/ — Interplay Learning, the leading provider of immersive skilled trades training, announced today the launch of a new mobile app that extends Interplay’s career development platform into the hands of on-the-go workers, empowering organizations to save time and boost productivity.
The enhanced Interplay Learning mobile app gives employers the flexibility to train team members between service calls, at home, or in the field with job-relevant content built by industry experts. By giving workers the ultimate flexibility with streamlined access to the tools they need on the job, organizations can help their workers succeed anywhere, anytime.
“In an industry where every minute counts, being able to engage with Interplay’s training materials on their mobile phones has allowed our team members to make the most of even those spare five minutes,” said Jeff Hass, Director of Training and Development at Freeman Webb Company. “This on-demand accessibility empowers them to start and stop the training as their schedule allows.”
The Interplay mobile app allows organizations to improve knowledge retention for learners with just-in-time information when and where they need it. Teams can expand their knowledge and skills on-demand and in-the-field by tapping into the short, bite-sized instructional videos, giving them more flexibility to engage with training where and when it’s most relevant. When learners can immediately apply what they have learned to a real-world task, they are more likely to retain that information, and feel confident on-the-job.
“The Interplay Learning mobile app helps increase training adoption and enables techs to learn while they are in-the-field, not just at the office,” said Doug Donovan, CEO and founder of Interplay Learning. “It enhances the power of our industry-leading immersive enterprise career development training solution, enabling everyone to perform more efficiently and effectively.”
With proven content from trusted subject matter experts, technicians don’t have to rely on Internet searches or unreliable videos to find answers in the field. Through the app, technicians can learn from industry experts as they share their knowledge and lead learners through bite-sized foundational courses. Knowledge checks help learners test retention and stay focused on the key takeaways from each module. Skills assessments provide employers with an objective measurement of their teams’ skills and help managers customize training paths to meet the unique needs of their workers, regardless of job role, experience level, or geographic location.
“The scope of logistically training 750-1,000 techs spread across ten states can make physical training almost impossible for one person to do,” said Matt Ellenberg, Director of Training, Southern Home Services. “With Interplay’s mobile training, however, they now have a flexible platform that goes where they go, and we see a lot of engagement from it between calls.”
Unique features of the enhanced Interplay Learning mobile app include:
Microlearning: Teams can improve knowledge retention with just-in-time information from Interplay’s short, bite-sized instructional videos.Expert-led instructional videos: Learners can access Interplay Learning’s full course catalog of bite-sized video courses led by trusted subject matter experts and instructional design professionals.Checks to test foundational knowledge: Short quizzes follow each instructional video, helping learners focus, remember key pieces of information, and zero in on the most important takeaways from each module.Skills assessments for customized learning: Learners can test their knowledge, get an objective readout of their skills, and receive AI-based course recommendations to help fill skill gaps and tailor learning to their unique needs.Intuitive search capabilities: Users can type course keywords into the mobile search bar to quickly find what they need in Interplay’s ever-growing content catalog.
For more information about Interplay Learning’s mobile app, visit www.interplaylearning.com. Customers can download the app now from the Apple store and Google Play.
About Interplay Learning
Austin-based Interplay Learning is the industry leader in immersive career development for the skilled trades. Interplay’s acclaimed training platform enables rapid upskilling and empowers new technicians to be job-ready within weeks, not years. Featuring hands-on 3D simulations, expert-led videos, knowledge checks, and personalized learning paths, Interplay’s immersive platform is more scalable and engaging than traditional training. Leveraging advanced technologies like AI and VR, Interplay is reshaping the future of online skilled trades training, delivering highly effective learning experiences that result in better careers and better lives.
Recent accolades include Fast Company’s Annual List of the World’s Most Innovative Companies of 2024, AHR’s 2024 Innovation Award, Forbes’ 2023 America’s Best Startup Employers, 2022 Inc. 5000 list, 2022 Inc. Best in Business list, and three honorable mentions in Fast Company’s 2021 World Changing Ideas Awards. Visit www.interplaylearning.com to learn more.
MEDIA CONTACT:
Heather Ripley
Ripley PR
(865) 977-1973
hripley@ripleypr.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/interplay-learning-mobile-app-empowers-organizations-to-save-time-and-boost-productivity-by-training-teams-on-the-go-302176073.html
SOURCE Interplay Learning
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Technology
Impact Advisors Receives Highest Overall Performance Score in KLAS Healthcare Management Consulting 2025 Report
Published
33 minutes agoon
May 1, 2025By

Firm Noted for Expertise and Strategic Ability
CHICAGO, May 1, 2025 /PRNewswire-PRWeb/ — KLAS Research has recognized Impact Advisors as a top provider of healthcare management consulting services. The firm received an overall performance score of 95.4, the highest score among the consulting firms surveyed, driven by its top performance in financial/clinical improvement consulting and human capital consulting.
“This recognition from KLAS is a testament to our consistent ability to help our clients improve their revenue and performance results across critical areas of healthcare.” – John Klare, managing partner at Impact Advisors
The report, “Healthcare Management Consulting 2025: Which Firms Are Best Positioned to Address Clients’ Evolving Needs?“, provides data on the scope and types of services offered and firm performance. It is intended to help healthcare and payer organizations determine which firms may best meet their complex needs, focusing on their expertise level, actionable deliverables, and outcomes.
“We are honored to receive this recognition from KLAS, along with being awarded Best in KLAS® for Financial/Clinical Improvement Consulting for the third year in a row,” said John Klare, managing partner at Impact Advisors. “It’s a testament to our consistent ability to help our clients improve their revenue and performance results across critical areas of healthcare.”
Earlier this year, Impact Advisors received a Best in KLAS ® Award for Financial and Clinical Improvement Consulting in the 2025 Best in KLAS: Software and Services Report, receiving a score of 96.9.
In the recent Healthcare Management Consulting 2025 report, respondents appreciated the firm’s expertise and expressed high satisfaction with the firm’s staff and strategic ability. The leadership team, particularly the executives, is described as highly engaged and invested in client success, and their credibility, knowledge, and contribution to performance improvements stand out. Also, respondents appreciate the firm’s ability to connect clients with the right people and resources. Impact Advisors is reported to meet client expectations and drive successful engagements consistently. Consequently, the interviewed clients reported high value regardless of engagement cost.
Survey respondents were asked questions focused on five customer experience pillars: loyalty, operations, relationship, services, and value. Impact Advisors received A+ and A ratings across all health management consulting pillars, with 100% of respondents indicating they would “buy again.”
Impact Advisors offers a broad portfolio of services to help healthcare clients increase revenue and capacity, utilize resources more effectively, reduce costs, negotiate better terms for supplies and services, and leverage technology, automation, and analytics to work smarter and more efficiently.
About Impact Advisors
Impact Advisors is a leading healthcare management consulting firm committed to solving the industry’s emerging and evolving challenges. Our high-performing team of clinical, financial, operations and technology experts collaborate to architect quality solutions and deliver measurable value for our clients. We are the most awarded consulting firm in healthcare, with services recognized among Best in KLAS® for 18 consecutive years and a culture designated “Best Place to Work” by Modern Healthcare for 15 years. To learn more about our service quality and innovative culture, visit www.impact-advisors.com.
About KLAS
KLAS helps healthcare providers make informed technology decisions by offering accurate, honest, and impartial vendor performance information. KLAS monitors vendor performance through interviewing thousands of healthcare providers representing healthcare organizations throughout the US and here and there across the globe. KLAS uses a simple methodology to ensure all data and ratings are accurate, honest and impartial to help create market moving moments. Learn more at klasresearch.com.
Catherine Povalitis, Impact Advisors, 1 815-282-9976, cpovalitis@chartwellagency.com, https://www.impact-advisors.com/
View original content to download multimedia:https://www.prweb.com/releases/impact-advisors-receives-highest-overall-performance-score-in-klas-healthcare-management-consulting-2025-report-302444391.html
SOURCE Impact Advisors
Technology
Lumine Group Inc. Announces Results for the Three Months Ended March 31, 2025
Published
33 minutes agoon
May 1, 2025By

TORONTO, May 1, 2025 /CNW/ – Lumine Group Inc. (“Lumine Group” or “the Company”) (TSXV: LMN) announces financial results for the three months ended March 31, 2025. All amounts referred to in this press release are in US dollars unless otherwise stated.
The following press release should be read in conjunction with the Company’s unaudited condensed consolidated interim financial statements for the three months ended March 31, 2025, and management’s discussion and analysis (“MD&A”) for the three months ended March 31, 2025, which can be found on SEDAR+ at www.sedarplus.ca. Additional information about Lumine Group is also available on SEDAR+ and on Lumine Group’s website www.luminegroup.com.
Q1 2025 Headlines:
Revenue grew 27% to $178.7 million compared to $141.1 million in the same quarter prior year (including -4% organic growth after adjusting for foreign exchange impacts).The Company generated operating income of $59.5 million during the quarter, a 34% increase from $44.5 million in the same quarter prior year.The Company generated net income of $20.8 million during the quarter, from net loss of $304.3 million in the same quarter prior year.Cash flows from operations (“CFO”) increased $5.1 million to $40.1 million compared to $34.9 million in Q1 2024, representing an increase of 15%.Free cash flow available to shareholders (“FCFA2S”) increased $6.2 million to $35.0 million compared to $28.8 million in Q1 2024, representing an increase of 22%.
Total revenue for the three months ended March 31, 2025 was $178.7 million, an increase of 27%, or $37.6 million, compared to $141.1 million for the comparable period in 2024. The increase for the three months compared to the same period in the prior year is attributable to revenues from new acquisitions. The Company experienced organic growth of -5% for the three months ended March 31, 2025 or -4% after adjusting for the impact of changes in the valuation of the US dollar against most major currencies in which the Company transacts business. For acquired companies, organic growth is calculated as the difference between actual revenues achieved by each business in the financial period following acquisition, compared to the estimated revenues they achieved in the corresponding financial period preceding the date of acquisition by the Company. Organic growth is not a standardized financial measure and might not be comparable to measures disclosed by other issuers.
Operating income for the three months ended March 31, 2025 was $59.5 million, an increase of 34%, or $15.0 million, compared to $44.5 million for the same period in 2024. The increase is primarily attributable to growth from acquisitions. Operating income is not a standardized financial measure and might not be comparable to measures disclosed by other issuers. See “Non-IFRS Measures”.
Net income for the three months ended March 31, 2025 was $20.8 million compared to net loss of $304.3 million for the same period in 2024. The increase in net income is primarily attributable to growth from acquisitions and the Mandatory Conversion of Preferred and Special Securities on March 25, 2024 such that no further preferred and special securities expense was booked in the current quarter.
For the three months ended March 31, 2025, CFO increased $5.1 million to $40.1 million compared to $34.9 million for the same period in 2024 representing an increase of 15%. The change is primarily attributable to the higher operating income partly offset by changes in non-cash operating assets and liabilities exclusive of effects of business combinations.
For the three months ended March 31, 2025, FCFA2S increased $6.2 million to $35.0 million compared to $28.8 million for the same period in 2024 representing an increase of 22%. The change is mainly driven by higher CFO compared to the same periods in 2024. FCFA2S is a non-IFRS Measure. See “Non-IFRS Measures”.
Non-IFRS Measures
Operating income (loss) refers to income (loss) before income taxes, amortization of intangible assets, redeemable preferred and special share expense, and finance and other expenses (income). We believe that operating income is useful supplemental information as it provides an indication of the profitability of the Company related to its core operations. Operating income (loss) is not a recognized measure under IFRS and may not be comparable to similar financial measures disclosed by other issuers. Accordingly, readers are cautioned that operating income (loss) should not be construed as an alternative to net income (loss).
The following table reconciles operating income to net income:
(Unaudited)
Three months ended
March 31,
2025
2024
Net income (loss)
20.8
(304.3)
Adjusted for:
Amortization of intangible assets
26.0
22.8
Redeemable preferred and special securities expense
–
317.4
Finance and other expense (income)
5.1
4.3
Income tax expense (recovery)
7.6
4.3
Operating income (loss)
59.5
44.5
Free cash flow available to shareholders ”FCFA2S” refers to net cash flows from operating activities less interest paid on lease obligations, interest paid on bank debt, transaction costs on bank debt, repayments of lease obligations, Interest, dividends and other proceeds received and property and equipment purchased. The Company believes that FCFA2S is useful supplemental information as it provides an indication of the uncommitted cash flow that is available to shareholders if Lumine Group does not make any acquisitions, or investments, and does not repay any debts. While the Company could use the FCFA2S to pay dividends or repurchase shares, the Company’s objective is to invest all of its FCFA2S in acquisitions which meet the Company’s hurdle rate.
FCFA2S is not a recognized measure under IFRS and may not be comparable to similar financial measures disclosed by other issuers. Accordingly, readers are cautioned that FCFA2S should not be construed as an alternative to net cash flows from operating activities.
The following table reconciles FCFA2S to net cash flows from operating activities:
(Unaudited)
Three months ended March 31,
2025
2024
Net cash flows from operating activities:
40.1
34.9
Adjusted for:
Interest paid on lease obligations
(0.1)
(0.2)
Interest paid on other facilities
(3.8)
(2.5)
Credit facility transaction costs
(0.0)
(1.7)
Payment of lease obligations
(1.6)
(1.6)
Interest, dividends and other proceeds received
0.7
0.1
Property and equipment purchased
(0.3)
(0.4)
Free cash flow available to shareholders
35.0
28.8
Forward Looking Statements
Certain statements herein may be “forward looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Lumine Group or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward looking statements. These forward looking statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the date hereof and Lumine Group assumes no obligation, except as required by law, to update any forward looking statements to reflect new events or circumstances.
About Lumine Group Inc.
Lumine Group acquires, strengthens, and grows, vertical market software businesses in the communications and media industry. Learn more at www.luminegroup.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Lumine Group Inc.
Condensed Consolidated Interim Statements of Financial Position
(In thousands of USD. Due to rounding, numbers presented may not foot.)
March 31, 2025
December 31, 2024
Assets
Current assets:
Cash
$ 252,096
$ 210,983
Accounts receivable, net
164,954
158,048
Unbilled revenue
41,637
35,982
Inventories
517
693
Other assets
55,247
47,183
514,451
452,889
Non-current assets:
Property and equipment
6,895
7,457
Right of use assets
5,928
6,949
Deferred income taxes
11,236
9,536
Other assets
12,112
12,467
Intangible assets and goodwill
774,530
797,888
810,701
834,297
Total assets
$ 1,325,152
$ 1,287,186
Liabilities and Equity
Current liabilities:
Accounts payable and accrued liabilities
$ 104,387
$ 107,861
Due to related parties, net
3,764
2,972
Current portion of bank debt
3,512
3,190
Deferred revenue
105,422
88,442
Provisions
16
156
Acquisition holdback payables
19
17
Lease obligations
3,464
4,249
Income taxes payable
14,920
10,278
235,504
217,165
Non-current liabilities:
Deferred income taxes
102,145
107,044
Bank debt
275,605
275,443
Lease obligations
3,262
3,621
Other liabilities
5,003
5,191
386,015
391,299
Total liabilities
621,519
608,464
3
Equity:
Capital stock
490,669
490,669
Contributed surplus
185,142
185,142
Accumulated other comprehensive income (loss)
(9,480)
(13,612)
Retained earnings (deficit)
37,302
16,523
703,633
678,722
Subsequent events
Total liabilities and equity
$ 1,325,152
$ 1,287,186
Lumine Group Inc.
Condensed Consolidated Interim Statements of Income (Loss)
(In thousands of USD, except per share amounts. Due to rounding, numbers presented may not foot.)
Three months ended March 31,
2025
2024
Revenue
License
$ 12,327
$ 11,720
Professional services
31,277
24,933
Hardware and other
9,070
2,417
Maintenance and other recurring
126,018
102,029
178,692
141,099
Expenses
Staff
83,904
73,028
Hardware
4,659
1,520
Third party license, maintenance and professional services
11,203
8,539
Occupancy
996
896
Travel, telecommunications, supplies, software and equipment
9,022
6,757
Professional fees
3,840
2,832
Other, net
3,295
946
Depreciation
2,270
2,115
Amortization of intangible assets
26,014
22,821
145,203
119,454
Redeemable Preferred and Special Securities expense
–
317,362
Finance and other expenses (income)
5,134
4,272
5,134
321,634
Income (loss) before income taxes
28,355
(299,989)
Current income tax expense (recovery)
14,570
8,346
Deferred income tax expense (recovery)
(6,994)
(3,998)
Income tax expense (recovery)
7,576
4,348
Net income (loss)
$ 20,779
$ (304,337)
Weighted average shares outstanding:
Basic
256,620,388
86,111,920
Diluted
256,620,388
253,336,756
Earnings (loss) per share:
Basic and diluted
$ 0.08
$ (3.53)
Lumine Group Inc.
Condensed Consolidated Interim Statements of Comprehensive Income (Loss)
(In thousands of USD. Due to rounding, numbers presented may not foot.)
Three months ended March 31,
2025
2024
Net income (loss)
$ 20,779
$ (304,337)
Items that are or may be reclassified subsequently to net income (loss):
Foreign currency translation differences from foreign operations and other
4,132
(3,625)
Other comprehensive (loss) income for the period, net of income
4,132
(3,625)
Total comprehensive income (loss) for the period
$ 24,911
$ (307,962)
Lumine Group Inc.
Condensed Consolidated Interim Statement of Changes in Equity
(In thousands of USD. Due to rounding, numbers presented may not foot.)
Three months ended March 31, 2025
Capital stock
Contributed
surplus
Accumulated other
comprehensive
(loss) income
Retained
earnings
(deficit)
Total equity
Balance at January 1, 2025
$ 490,669
$ 185,142
$ (13,612)
$ 16,523
$ 678,722
Total comprehensive income (loss) for the period:
Net income (loss)
–
–
–
20,779
20,779
Other comprehensive income (loss):
Foreign currency translation differences from foreign operations and other
–
–
4,132
–
4,132
Total other comprehensive income (loss) for the period
–
–
4,132
–
4,132
Total comprehensive income (loss) for the period
–
–
4,132
20,779
24,911
Balance at March 31, 2025
$ 490,669
$ 185,142
$ (9,480)
$ 37,302
$ 703,633
Lumine Group Inc.
Condensed Consolidated Interim Statement of Changes in Equity
(In thousands of USD. Due to rounding, numbers presented may not foot.)
Three months ended March 31, 2024
Capital stock
Contributed
surplus
Accumulated other
comprehensive
(loss) income
Retained earnings
(deficit)
Total equity
Balance at January 1, 2024
$ –
$ (1,015,661)
$ (6,296)
$ (2,820,478)
$ (3,842,435)
Total comprehensive income (loss) for the period:
Net income (loss)
–
–
–
(304,337)
(304,337)
Other comprehensive income (loss):
Foreign currency translation differences from foreign operations and other
–
–
(3,625)
–
(3,625)
Total other comprehensive income (loss) for the period
–
–
(3,625)
–
(3,625)
Total comprehensive income (loss) for the period
–
–
(3,625)
(304,337)
(307,962)
Mandatory Conversion of Special and Preferred Shares
403,301
1,200,803
–
3,095,910
4,700,014
Settlement of Preferred and Special Share Dividends in Subordinate Voting Shares
87,368
–
–
–
87,368
Balance at March 31, 2024
$ 490,669
$ 185,142
$ (9,921)
$ (28,905)
$ 636,985
Lumine Group Inc.
Condensed Consolidated Interim Statements of Cash Flows
(In thousands of USD. Due to rounding, numbers presented may not foot.)
Three months ended March 31,
2025
2024
Cash flows from (used in) operating activities:
Net income (loss)
$ 20,779
$ (304,337)
Adjustments for:
Depreciation
2,310
2,115
Amortization of intangible assets
26,014
22,821
Contingent consideration adjustments
(113)
43
Preferred and Special Securities expense (income)
–
317,362
Finance and other expenses (income)
5,828
4,339
Income tax expense (recovery)
7,576
4,348
Change in non-cash operating assets and liabilities exclusive of effects of business combinations
(17,514)
(8,125)
Income taxes (paid) received
(4,809)
(3,637)
Net cash flows from (used in) operating activities
40,071
34,928
Cash flows from (used in) financing activities:
Interest paid on lease obligations
(105)
(154)
Interest paid on bank debt
(3,813)
(2,472)
Cash transferred from (to) Parent
100
(2,107)
Proceeds from issuance of bank debt
–
90,000
Repayments of bank debt
(243)
(244)
Transaction costs on bank debt
(19)
(1,655)
Payments of lease obligations
(1,583)
(1,566)
Net cash flows from (used in) in financing activities
(5,663)
81,802
Cash flows from (used in) investing activities:
Post-acquisition settlement payments, net of receipts
(937)
(685)
Interest, dividends and other proceeds received
694
67
Property and equipment purchased
(254)
(361)
Other investing activities
4,337
6
Net cash flows from (used in) investing activities
3,840
(972)
Effect of foreign currency on cash and cash equivalents
2,865
(2,479)
Increase (decrease) in cash
41,113
113,280
Cash, beginning of period
210,983
146,509
Cash, end of period
$ 252,096
$ 259,789
SOURCE Lumine Group Inc
Technology
IBM and the EY organization debut artificial intelligence-powered global tax compliance solutions
Published
33 minutes agoon
May 1, 2025By

IBM’s technology coupled with the EY organization’s deep domain experience reimagines the role of artificial intelligence in the evolving tax compliance landscape
ARMONK, N.Y. and NEW YORK, May 1, 2025 /PRNewswire/ — IBM (NYSE: IBM) and the EY organization continue to build upon their multiyear alliance, today announcing the availability of EY.ai for tax, built with IBM watsonx. The alliance couples watsonx, IBM’s portfolio of artificial intelligence (AI) technologies, with the EY organization’s deep domain experience to address the largest challenges facing tax departments.
EY.ai for tax, built with IBM watsonx, is powered by open-source AI models, including IBM Granite, to help organizations automate tax compliance and streamline global data management. With this announcement, IBM and the EY organization are helping clients address their limited resources, multiple enterprise resource planning (ERP) systems across client environments, talent shortages and complex regulations by creating novel generative AI solutions that multiply productivity.
“Our professionals are extending beyond world-class tax technical knowledge and combining their experience with emerging technologies that can produce highly effective outcomes for our clients,” said Martin Fiore, EY Americas Deputy Vice Chair – Tax. “The success of the alliance has been proven with the deployment of EY.ai for tax, built with IBM watsonx, with the IBM tax department. We flipped the long-held view of tax as an administrative function to a value creation function for businesses with AI-enabled solutions that are highly cost effective and performant all while prioritizing governance and trust.”
The three initial AI-enabled tax solutions include:
Intelligent Tax Data Lake: Leveraging IBM watsonx.data, watsonx.ai and open-source models, the solution gathers, enriches and consolidates the required transaction data from numerous sources for tax filings. For IBM’s own tax department, the solution’s built-in data controls and reconciliation checkpoints streamline data consolidation from 36 sources and help produce higher quality data, automating a manual process.Detect and Correct with Business Documents: Using watsonx.ai and IBM Research’s open-source toolkit Docling, the solution extracts data from unstructured invoices to compare and correct ERP data for tax determinations and filing. The solution enables IBM to dramatically increase the number of source documents reviewed, automating previous manual processes. Withholding Tax Determinations: Built with watsonx.ai, the solution automates the monthly process of determining the correct withholding tax rate that should be applied to individual transactions. IBM tax professionals now leverage the solution to more quickly and accurately evaluate thousands of intercompany transactions.
The solutions are currently in use by IBM’s Tax Department to automate previously manual, time-consuming processes, and the solutions are expected to save tens of thousands of hours annually. By streamlining tax compliance with AI, IBM is on track to exceed its goal of automating 80% of its foreign tax compliance. Prioritizing security and trust, these solutions help safeguard sensitive tax data to help avoid potential negative consequences, such as costly penalties and reputational damage.
“We manage massive volumes of granular data from disparate sources to file thousands of tax returns across hundreds of legal entities worldwide. By combining EY domain expertise in tax and IBM’s AI technology, we were able to transform the way our tax department handles global tax compliance, freeing up the team to focus on more strategic work,” said IBM Vice President and Chief Tax Officer Kanthi Morrissey.
IBM and EY teams are working to further enhance these solutions and to expand them to other tax processes with an eye towards further re-use and applications. For more information on these solutions, visit https://www.ey.com/en_us/tax/ey-ai-tax-ibm-watsonx.
About EY
EY exists to build a better working world, helping create long-term value for clients, people and society and build trust in the capital markets.
Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.
Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.
This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients.
About IBM
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs, and gain a competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to effect their digital transformations quickly, efficiently, and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s long-standing commitment to trust, transparency, responsibility, inclusivity, and service. Visit www.ibm.com for more information.
Media contacts
Julia Menefee
Media Relations, EY US
julia.peters@ey.com
850.228.2182
Clare Chachere
External Comms, IBM Ecosystem
clare.chachere@ibm.com
512.653.0023
View original content to download multimedia:https://www.prnewswire.com/news-releases/ibm-and-the-ey-organization-debut-artificial-intelligencepowered-global-tax-compliance-solutions-302444647.html
SOURCE EY


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