Technology can greatly enhance the efficiency and accuracy of the BOI reporting process. Automated data collection tools can streamline the gathering and verification of ownership information, while real-time reporting platforms facilitate timely and accurate submissions. Technology also offers advanced encryption and security measures to protect sensitive data. Additionally, software solutions can assist with managing and tracking compliance deadlines, generating reports, and maintaining records. By leveraging these technological tools, companies can improve their reporting processes, reduce manual errors, and ensure a more efficient compliance experience.