Read IRS Tax Form 940 for SBA Paycheck Protection Program (PPP)

Accelerate the Paycheck Protection Program (PPP) loan submission and validation process by automating reading of IRS Form 940.

This bot is included with purchase of PPP Loan Submission in SBA E-Tran System bot.

Top Benefits

  • Speeds loan submission process
  • Improves accuracy by eliminating manual input.
  • Frees up lender resources to focus on other activities.

Tasks

  • Reads IRS Tax form 940 using IQ Bot
  • Reads data into Excel

If you are an SBA lender, you have likely received thousands of applications for Paycheck Protection Program loans under the CARES Act. This bot is your ally in reducing the backlog of loan applications by automating the extraction of data from IRS Form 940 - Employer's Annual Federal Unemployment (FUTA) Tax Return - quickly and accurately.

This bot is included with purchase of PPP Loan Submission in SBA E-Tran System bot.

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Applications
Business Process
Category
Vendor
Automation Type
Bot
Last Updated
July 24, 2020
First Published
April 15, 2020
Enterprise Version
11.3.1
Support

Setup Process

Install

Download the Bot and follow the instructions to install it in your AAE Control Room.

Configure

Open the Bot to configure your username and other settings the Bot will need (see the Installation Guide or ReadMe for details.)

Run

That's it - now the Bot is ready to get going!

Requirements and Inputs

  • IQ Bot
  • Microsoft Excel