Jul 23, 2024 | AI
Checkpoint Edge with CoCounsel: What Customers Are Saying
The solution features a new AI-Assisted Research skill to help tax professionals get trusted answers to complex tax research questions using CoCounsel, the professional-grade GenAI assistant from Thomson Reuters.
After a successful customer beta program, Thomson Reuters launched Checkpoint Edge with CoCounsel this week. The enhanced solution features a new AI-Assisted Research skill to help tax professionals get trusted answers to complex tax research questions using CoCounsel, the professional-grade GenAI assistant from Thomson Reuters.
Now generally available in the United States, Checkpoint Edge with CoCounsel helps tax firms leverage the transformative capabilities of GenAI by using large language models (LLMs) to provide an intuitive interface for tax professionals to pose questions to in everyday language.
Two thirds of customers that took part in the beta program expected Checkpoint Edge with CoCounsel to become their primary method for starting federal tax research upon launch.
“Checkpoint Edge with CoCounsel is an innovative tool that allows the use of a question to get a specific response, plus it provides citations without having to search multiple responses to find an answer to a query,” said Gary Brown, owner and principal at Gary Brown CPA, who was among the customers that took part in the beta program. “This saves significant time by providing a focused response versus a list of multiple responses that need to be sorted through to find the desired result, providing significant time savings for research.”
“Trying to read an entire document for up to 30 minutes and trying to really understand those very minute differences and paragraphs and sub-paragraphs, Checkpoint Edge with CoCounsel will now give us the opportunity to receive this answer in a more simplified and relatable format where we can read it and understand it, see the citations as we need, and provide that answer to a client or internally to our own staff,” said Brent Forbush, managing partner, Forbush & Associates.
Checkpoint Edge with CoCounsel is the latest milestone in the Thomson Reuters expanded vision for CoCounsel – the professional-grade GenAI assistant – to enable professionals to seamlessly complete complicated work involving multiple products through a single generative AI assistant. The launch follows last week’s rollouts of Claims Explorer, a new generative AI skill in Westlaw Precision with CoCounsel, and CoCounsel Drafting, an end-to-end drafting solution that streamlines and improves the drafting process for legal professionals within Microsoft Word.
For more on Checkpoint Edge with CoCounsel, visit this site, check out this demo video, or read the press release.
