A significant challenge facing financial firms is to keep up with industry trends, changing regulations and the stream of new products impacting tax reporting. This is particularly difficult to do when a firm seeks to grow its business. The combination of regulatory change with the use of legacy systems, leads to inefficiencies which can result in hidden costs and potential compliance and reputational risks.
FIS® Tax Information Reporting Suite (formerly Wall Street Concepts) provides tax information, reporting, consulting, training and other services to enable your financial institution to meet its tax reporting obligations to the IRS and your customers. Transform your year-end tax reporting burden into a user-friendly, year-round process with this comprehensive, enterprise-wide tax reporting service.