Case Study: Hartford Consulting achieves audit calculations in seconds with STX Next's custom web calculator

Hartford Consulting cuts QI audit sample calculations from hours to seconds with STX Next

Hartford Consulting, a UK-based financial consultancy, faced a significant manual challenge. Their consultants were spending hours using complex Excel spreadsheets to calculate the number of accounts to be sampled for their clients' mandatory IRS Qualified Intermediary (QI) periodic reviews. To automate this process and provide a more cost-effective service, Hartford Consulting partnered with STX Next to develop a tailored web application.

STX Next built the IRS QI Periodic Review Safe Harbor Sample Calculator, a secure web-based tool that completely automated the audit sampling process. The solution reduced calculation time from several hours to mere seconds, eliminating repetitive manual work and ensuring consistency and accuracy. This efficient and cost-effective tool was delivered on time and on budget, significantly improving service quality for Hartford Consulting's clients.

Hartford Consulting