Materia AI

Materia AI is a Finance tool that automates workflows and accelerates research for tax and audit professionals. It helps firms increase efficiency, improve quality, and boost staff productivity.

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At a glance

Pricing

Likely Not Free

Free tier

API

Skill level

Mixed

About

What is Materia AI?

Materia AI, now known as CoCounsel by Thomson Reuters, is an AI-driven platform designed for tax and audit professionals. It automates tasks, accelerates document analysis, and standardizes processes to handle complex tax and audit work with speed and control. CoCounsel integrates research, analysis, and drafting with professional-grade AI, grounded in trusted content from Westlaw and Practical Law. It helps elevate tax planning and advisory services, delivers plain-language answers with accurate citations, and connects various tax content sources. For audit, it standardizes workflows, reduces risk, and produces audit reports efficiently while integrating internal audit methodology and firm templates.

Best used for

Ideal for accountants who need to streamline tax preparation, accelerate audit engagements, and standardize financial processes. Especially valuable for firms looking to reduce time-to-answer, improve consistency, and enhance productivity by leveraging AI-powered insights and automation.

Common actions

automate tax tasks

accelerate audit research

standardize financial processes

analyze financial documents

generate tax insights

Capabilities

Key features

Automate tax workflows
Accelerate audit research
Standardize processes
Analyze documents
Generate insights
Provide cited answers

Target Audience

accountant

Integrations

Not yet documented

Pricing & Plans

Likely Not Free

Not publicly disclosed. Check trymateria.ai for current pricing.

FAQs

What is the primary function of CoCounsel Tax?

CoCounsel Tax expedites tax processes by providing an AI-powered assistant that elevates tax planning, delivers plain-language answers with accurate citations, and connects various trusted tax content sources like Checkpoint and IRS documents in one seamless experience.

How does CoCounsel Audit improve audit engagements?

CoCounsel Audit delivers end-to-end consistency by reducing risk, rework, and review fatigue across audit teams. It produces audit reports in less time, ensures compliance with industry standards, and integrates internal audit methodology, firm templates, and Checkpoint content into an intelligent workspace.

What kind of AI capabilities does CoCounsel offer?

CoCounsel utilizes agentic AI that moves beyond simple suggestions to perform substantive tasks. It can analyze trial balances, draft risk memos, and provide insights with precision and context awareness, all while leveraging trusted sources and verified citations for accuracy.

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Productivity & Business › Workflow Automation

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