RSM and Crimson Tree Software to develop partnership tax platform

Exclusive agreement brings unparalleled innovation to middle market

Jun 14, 2020

RSM US LLP is teaming up with Crimson Tree Software to transform how partnerships manage their tax compliance and reporting obligations.

The firm has entered an exclusive agreement with Crimson Tree to deliver the most powerful partnership-tax compliance platform available to the middle market. The technology will enable complex partnerships to efficiently and flexibly manage compliance and reporting requirements while crystallizing insights that guide investment strategies and investor transactions.

The agreement is RSM’s latest investment in technology to modernize the tax compliance and consulting processes. Crimson Tree will work with RSM to create a pass-through tiering and allocation platform to accelerate that transformation, further underscoring the firm’s commitment to tax innovation. The platform is the first of many innovative projects planned with Crimson Tree.

“My team and I searched far and wide for the best technology partner to collaborate on this effort with us,” said Brad Collins, RSM’s partnership technology services (PTS) leader. “The platform we will build with Crimson Tree will be a differentiator for our clients in the private equity, family office, hedge fund and real estate markets.”

RSM’s extensive experience serving private equity firms and their portfolio companies, fund families and asset management organizations positions its tax professionals to leverage data and provide unique insights for clients. Pairing their knowledge and skills with Crimson Tree’s deep partnership tax technology expertise unlocks flexibility to support the firm’s asset management clients.

“We look forward to building a modern, simple, and beautiful system focused on the needs of RSM’s clients and professional staff,” said Tom O’Sullivan, Crimson Tree Software’s chief engineer. “We are excited to infuse RSM and this demanding field with new innovations in cloud computing, automation and machine learning.”

RSM’s automated platform will account for complex partnership structures and relationships more quickly and accurately than antiquated non-platform-based alternatives. The platform will have no rivals in the ability to drive data through a system that ultimately generates data for investor consumption with Schedule K-1 documents and insightful analytics.

Said Matt Bradvica, RSM’s business tax leader and board chairman: “Making a critical investment in our future by partnering with Crimson Tree in this space while creating a platform to serve the middle market asset management space was an easy decision for our leadership team. We look forward to partnering with Crimson Tree and our trusted clients to deliver a platform unprecedented in this industry.”