Koste's Trailblazing AI Solution Revolutionising the Quantity Surveying Industry - Koste

Koste’s Trailblazing AI Solution Revolutionising the Quantity Surveying Industry

Koste blog post - choose AI

The Reliability of Tax Depreciation Schedules is a Problem

The field of quantity surveying is continuously changing, but one issue remains constant: the accuracy of tax depreciation schedules. Traditional technologies, such as Excel, which were formerly industry standards, have demonstrated their shortcomings in navigating the complicated, fast-paced world of cost data and tax legislation.

 

Meet Kapal

Recognising these important issues, Koste Chartered Quantity Surveyors took the lead in developing Kapal, a revolutionary, AI-powered programme meant to transform tax depreciation schedules.

Kapal has numerous advantages:

  • AI-Powered Precision: Kapal uses AI to ensure that cost data is constantly correct and up to date, reducing mistakes and maximising customer returns.
  • ATO Integration: Kapal interacts with the ATO’s APIs directly, assuring full compliance with the most recent tax regulations.
  • White Labelling: Because of its white-label capability, Kapal has been adopted by many quantity surveyors around Australia, who use it to generate tax depreciation schedules under their own brands.

A Case of Success in the Real World

Kapal’s real-world influence is best seen through the eyes of its users. Consider Sarah, a quantity surveyor at a rapidly expanding corporation.

Sarah and her team used to struggle with Excel’s limits and inefficiencies. They underwent a full transformation after adopting Kapal:

  • Improved Accuracy: By leveraging Kapal’s AI-powered precision, Sarah and her team greatly improved the accuracy of their tax depreciation schedules, resulting in higher client satisfaction.
  • Increased Efficiency: Because of Kapal’s smooth connectivity with the ATO and efficient data management capabilities, Sarah’s team was able to work more efficiently, eliminating backlogs.
  • Consistent Reporting: Kapal’s single platform ensured consistency in their approach and reports, reducing client and colleague confusion.

In a nutshell, Kapal is more than just a piece of software. It’s a game changer, representing Koste’s dedication to innovation, accuracy, and market leadership. As we look ahead, we are excited about the continuous good effects Kapal will have on our industry.

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