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.

package banner updated 2023