Osidon and Discovery debut AI-powered tax advisory solution

  • Digital accounting specialists Osidon has announced a new AI-powered tax advisory tool in collaboration with Discovery.
  • The new service aims to assist South African taxpayers when it comes to helping clients make savings and achieve a better financial position.
  • Along with the new offering, Osidon says it will train practitioners to fill 300 new positions in 2023, and a total of 1 500 positions over the next three years.

Local online digital accounting firm Osidon made an announcement today that may be of interest to South African tax payers, as it has launched a new AI-powered tax and finance advisory service in conjunction with Discovery.

Unpacking the aim with this new offering, Osidon notes that with this next generation technology, financial consultants will be able to offer a higher quality of customer service in both tax and financial advisory. Here it says that it can achieve savings for clients on their taxes, insurance ,and overall financial position.

“For the customer, this means an integrated service with a holistic view of all products that impact individual tax as a whole. We’ve always been committed to fighting for the wellbeing of every South African paying tax. No matter your income, background or where you come from, if you are a South African taxpayer, we need you to know that we’ve got your back,” explained Hennie Ferreira (pictured above), CEO of Osidon.

“In previous years, only the higher income banking clients received a family office personal banker. Through this revolutionised offering, we can now provide a one-stop-shop solution to any South African taxpayer, exactly like private banking services For the first time, one consultant will be advising and assisting clients with all of their financial needs and cover the entire scope of the financial industry,” he added in a press release sent to Hypertext.

Along with announcing its new advisory offering, Osidon and Discovery have outlined plans when it comes to training tax practitioners. To that end, the companies will fill 300 new positions in 2023, and a total of 1 500 positions over the next three years.

“The new solution and service offering will benefit not only the client, but also the employee,” added Ferreira. “Using the latest cloud and artificial intelligence technology, we are entirely reshaping how financial services are being delivered. For this venture, we are establishing a new breed of financial professionals who will be the face of this next-generation industry,” Ferreira concluded.


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