About

Tax legislation is complex and constantly changing. Therefore, it is difficult to monitor all tax aspects that can affect an individual or a company. At CONCULTINN we develop smart and easy to use automated tools, using AI and machine learning, that assist taxpayers and companies to make smart decisions and be always compliant with their tax obligations.

Solution & Product

Our approach is to use AI for providing online tax services to a wide range of clients (both individuals and companies) in a cost-efficient manner. Exploiting the capabilities of machine learning, robotic process automation (RPA) and cognitive automation we provide blocks of tax services (bots) that interact with humans and mimic human behavior. This way most common questions and repeated tasks will be handled by bots, providing added value to our clients. Our product will focus to clients that need to have control of their taxes and be sure that they do not pay more taxes than they should. In parallel our product will assist also small accounting firms and sole accountants to take advantage of our AI tax solutions and server their clientele faster, more efficiently and with accuracy. This will free up time from accountants to focus on more complex issues and further expand their clientele and revenues.

Innovation & Scalability

Our innovation is based on the combination of AI technologies and business model that is not provided be any other company globally. Our approach is to bring AI to the everyday life of taxpayers and accountants and make it simple. Our emphasis is to build a unique user experience, and to launce regularly new bots (as building blocks) that will use data / information (already provided by users) to deliver new services and further engage our existing users or attract new ones. It is also important that we do not intent to replace accountants with bots, but to create for them new opportunities (i.e. by using our AI tax bots, accountants will be able to enhance their services). Whereas, they will be able to focus on most important and complex tax or accounting issues, build stronger relations with their clients and expand their clientele without the need to increase significantly their human resources. This is the competitive advantage of our start-up, creating a win-win eco-system for both taxpayers and accountants / tax professionals, that differentiates us from existing global players that use AI tax tools but provide also tax services in person (and are competitive to smaller tax firms or accountants). We plan to become the AI platform that both the taxpayers and accountants will love to use and recommend to others as well (powerful referral and affiliate programs will apply).

Traction & achievements

We have developed tools and methodology that will enable us to provide intuitive tax services to our clients. Currently we are building our business model and we are designing our platform based on the results of research conducted on real cases for both individuals and corporate clients.

Team & Why Us

Paraskevas Thanos, Founder. Paraskevas has 17 years of experience in finance, taxation and business consulting services. He has participated as co-founder and advisor in other start-ups and is always enthusiastic in identifying and implementing solutions that reduce complexity to our everyday activities. Our goal is to become the platform that both taxpayers and accountants will love to use. We put emphasis on developing tax bots as "building blocks" that interact with each other. Not a single piece of information will be ignored, all data provided by taxpayers or accountants will be used in order to provide tailor made tax services to both individual and corporate clients. Creating a win-win co-operation with accountants is vital component for the success of this intuitive tax services platform.

Funding Needs

Currently we are building our business model. This phase is self-financed. However, funds of approx. Eur 500k are necessary, in order to enter at platform development phase (for Greek market at the beginning). These will include state aid funds (i.e. grants) and potential investors funds. At the next phase of platform expansion (to other countries) approximately Eur 2.500k will be needed.