GEM.AI™ upstream sale & use tax matrix is a highly granular. Granularity reduces products and service mapping errors. Designed specifically for the upstream segment of the oil & gas industry.
GEM AI™ is built on AWS AI services for better accuracy and less risk.
GEM.AI™ automates product and services determination with NLP and models that are specific for each state’s oil and gas sales and use tax statutes, regulations, administrative rulings and judicial decisions.
GEM.AI™ example of state specific NLP models:
Drilling phase states: Wyoming, Kansas, Arkansas
Colorado Enterprise Zone Exemption
New Mexico Gross Receipts: deductible and non-deductible
Oil soluble versus water soluble drilling and production fluids
Texas manufacturing exemption
Texas intraplant exemption
Texas Well Service Tax
Pollution control exemptions
Hauling and delivery
Oil and gas dictionary
USPS sales tax rate calculation
Location based sales tax rate calculation*
*US Patent 9589259 B2 (2017)
Vendors and suppliers can quickly resolve sales tax doubts using GEM.AI™ NLP models.
GEM.AI™ reduces manual product and services categorization.
GEM.AI™ is an oilfield sales tax assistant that can process large volumes of transaction for overpayments and underpayments.