Financial firms frequently encounter significant challenges in navigating the complexities of industry trends, evolving regulations, and new products that impact tax reporting. This burden is particularly pronounced for growing firms, where the combination of regulatory changes and reliance on legacy systems often leads to operational inefficiencies, hidden costs, and potential compliance risks. The FIS Tax Information Reporting Suite addresses these issues by providing a streamlined approach to tax compliance. This comprehensive, enterprise-wide service transforms the traditional year-end tax reporting burden into a user-friendly, year-round process. It offers a suite of solutions that combine industry-leading domain expertise with sophisticated software development acumen. Through its integrated reporting, consulting, and training services, the suite enables financial institutions to effectively meet their tax reporting obligations to both the IRS and their customers, ensuring accuracy and reducing the overall compliance workload.

Features & Benefits

• Enhanced Customer Experience
  • Improves customer satisfaction by delivering clear statements that include Investor Tax Summary and Supplemental Schedules.
• Risk Reduction Toolkit
  • Minimizes compliance risks through unique filtering tools that facilitate searches and research, complemented by dashboards providing real-time views into current processing.
• Operational Efficiencies
  • Boosts productivity with exception-based reporting and year-round daily processing, ensuring timely and accurate annual tax form updates.