Compliance Plus

A comprehensive service for providing tax-information reporting to the clients of financial services firms, SunGard’s Compliance Plus service helps firms comply with all federal and state requirements, including rules related to investor level supplemental reporting for Widely Held Fixed Investment Trusts (WHFITs). It provides a transparent and Web-based way to manage all facets of the tax reporting process – across multiple sources – as well as a correction management system for account and bulk adjustments.

Compliance Plus electronically files large, aggregated files with the IRS and produces print-ready files of individual tax statements for investors, which can help individual taxpayers complete their tax returns. It supports data downloads to tax preparation software such as TurboTax®.

The service also helps firms increase their independence from print vendors and reduces the required maintenance of in-house solutions to remain compliant.
Customers have access to WSC’s professional support services and its expertise in handling the special requirements of individual asset classes.

Benefits of Compliance Plus:

• Builds customer goodwill through superior tax-information reporting
  
• Helps you become more independent from print vendors
  
• Reduces the maintenance required of in-house solutions to remain compliant
  
• Helps increase efficiency
  
• Handles everything via a single interface
  
• Supports compliance