FIS Tax Reporting Manager is a comprehensive, enterprise-wide service designed to streamline and manage tax information reporting for financial institutions. It integrates current best practices to ensure compliance with tax reporting obligations to the IRS and customers. The solution transforms the often burdensome year-end tax reporting into an efficient, user-friendly, and year-round process. Beyond just compliance, it offers consulting, training, and other services to support financial institutions in meeting their tax reporting needs. The system aims to improve customer experience by delivering clear statements with Investor Tax Summary and Supplemental Schedules. It also reduces risk through a unique toolkit featuring filtering tools for searches and research, alongside dashboards that provide real-time views into current processing activities. Operational efficiencies are enhanced through exception-based reporting, year-round daily processing, and automatic annual tax form updates, boosting overall productivity.

Features & Benefits

• Improved Customer Experience
  • Delivers clear customer statements, including Investor Tax Summary and Supplemental Schedules.
• Risk Reduction Toolkit
  • Provides filtering tools for efficient searches and research, with real-time processing dashboards.
• Operational Efficiencies
  • Supports exception-based reporting, year-round daily processing, and annual tax form updates for improved productivity.