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HRUX use Machine Based Learning to assist employers preparing PSA and P11Ds New technology uses Machine Based Learning (“ML”) to help employers manage year-end compliance tasks more effectively, efficiently and with a clear audit trail. Critically the software learns from your submissions year on year, so it gets better with each iteration. The software groups imported data items according to experience of how they’ve been grouped before and the employer decides the ultimate tax treatment for each group. Historically most PSA technologies used word searching and manual analysis to help employers analyse Purchase Ledger & Expenses data. HRUX believes using ML represents a giant step forward; this is a fundamentally more sophisticated approach that literally learns as it goes.* Compliance across P11D, expenses and the PSA can be a minefield with the sheer volume of data files to process year on year. From analysing a purchase ledger to identify taxable expenses through to reviewing an employee’s half completed expense submissions; these tasks can take huge amounts of time and effort. Using ML can fundamentally improve these tasks - taking a fraction of the time and allowing a level of clarity not previously possible. * https://en.wikipedia.org/wiki/Machine_learning Encrypt & upload data Train the system Analyze the data Review/amend outputs & re-train as necessary Select taxable status per line item Create the PSA calculation Run management reporting as appropriate Using HRUX technology to assist in the preparation of PSAs and P11Ds, will help employers: Improve the accuracy of the PSA and P11D Improve the process year on year as the technology learns as it goes - the accuracy literally improves with every pass Manage personally sensitive data either in-house or – using HRUX encryption – outsource processing to us. Make most efficient use of your resources See the amount of tax and NIC to pay under each category via summary screens Analyse huge amounts of data quickly Easily transfer processed data into Excel for further reporting and analysis Save time and money www.hrux.co.uk

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Page 1: HRUX use Machine Based Learning to assist employers ... · HRUX use Machine Based Learning to assist employers preparing PSA and P11Ds New technology uses Machine Based Learning (“ML”)

HRUX use Machine Based Learning to assist employers preparing PSA and P11Ds

New technology uses Machine Based Learning (“ML”) to help employers manage year-end compliance tasks more effectively, efficiently and with a clear audit trail. Critically the software learns from your submissions year on year, so it gets better with each iteration.

The software groups imported data items according to experience of how they’ve been grouped before and the employer decides the ultimate tax treatment for each group.

Historically most PSA technologies used word searching and manual analysis to help employers analyse Purchase Ledger & Expenses data. HRUX believes using ML represents a giant step forward; this is a fundamentally more sophisticated approach that literally learns as it goes.*

Compliance across P11D, expenses and the PSA can be a minefield with the sheer volume of data files to process year on year. From analysing a purchase ledger to identify taxable expenses through to reviewing an employee’s half completed expense submissions; these tasks can take huge amounts of time and effort. Using ML can fundamentally improve these tasks - taking a fraction of the time and allowing a level of clarity not previously possible.

* https://en.wikipedia.org/wiki/Machine_learning

Encrypt & upload data

Train the system

Analyze the data

Review/amend outputs & re-train as necessary

Select taxable status per line item

Create the PSA

calculation

Run management reporting as appropriate

Using HRUX technology to assist in the preparation of PSAs and P11Ds, will help employers:

• Improve the accuracy of the PSA and P11D

• Improve the process year on year as the technology learns as it goes - the accuracy literally improves with every pass

• Manage personally sensitive data either in-house or – using HRUX encryption – outsource processing to us.

• Make most efficient use of your resources

• See the amount of tax and NIC to pay under each category via summary screens

• Analyse huge amounts of data quickly

• Easily transfer processed data into Excel for further reporting and analysis

• Save time and money

www.hrux.co.uk

Page 2: HRUX use Machine Based Learning to assist employers ... · HRUX use Machine Based Learning to assist employers preparing PSA and P11Ds New technology uses Machine Based Learning (“ML”)

Human Resources User EXperience is a new company with lots of experience, which focuses on delivering technology and process based solutions for clients with complex tax and related issues.

We can help you with your PSA and P11D. To this end, we have developed:

• Proprietary software that uses ML to assist in preparing PSAs

• Proprietary software to take the pain out of completing and submitting forms P11D on-line

• Proprietary encryption software to securely manage data uploads and downloads

We can provide software to help you, OR can take your encrypted data and produce the PSA and/or P11Ds for you.

Your PSA and P11D reporting. Fast. Accurate. Compliant.

www.hrux.co.uk

David Chandler [email protected] 710545

Harvey Perkins [email protected] 626260