The software allows tax experts to dictate letters, reports and emails directly to their computers at speeds of up to 150 words per minute using specific tax and accounting terminology.
Using specialised vocabulary is a fundamental means of improving accuracy, according to the developer. It also increases productivity and can lead to reduced costs.
Among those organisations already using speech technology are PricewaterhouseCoopers, BDO Stoy Hayward and NatWest bank.
Stoy’s has also been involved in developments by collaborating with Speech Recognition to develop the software.
Created from official Inland Revenue and government documentation, the vocabulary used by the software has more than six million words in use in tax practices.
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