Ensure adherence to IRS and state regulations by automatically generating precise, compliant documents for 1099 and escheatment reporting.
Standardize Filing Preparation
- Automatically formats filings according to the latest IRS and state-specific requirements.
- Extracts validated data from both structured payment records and unstructured invoices.
- Generates consistent, error-free documentation for all required submissions.
- Cross-references data points to ensure completeness and accuracy.
Unify Vendor Communication
- Drafts standardized notifications to vendors regarding 1099 forms and escheatment actions.
- Creates a complete audit trail of all generated communications and filings.
- Maintains a consistent and professional tone across all external-facing documents.
Mitigate financial penalties and audit failures by systematically minimizing errors and omissions in regulatory submissions and vendor communications.
Minimize Filing Errors
- Validates extracted financial data against source systems to prevent discrepancies.
- Eliminates manual data entry errors common in complex regulatory drafting.
- Flags incomplete or inconsistent information for human review before finalization.
- Applies consistent formatting rules to prevent submission rejections.
Prevent Compliance Breaches
- Ensures all required documents are generated ahead of statutory deadlines.
- Maintains an auditable record of all generated documents and communications.
- Reduces the likelihood of penalties resulting from incorrect or late filings.
Free up accounts payable teams from repetitive, low-value drafting tasks, allowing them to focus on strategic analysis and exception handling.
Automate Repetitive Drafting
- Autonomously generates hundreds of regulatory filings and vendor letters in minutes.
- Pulls required data directly from source systems without manual intervention.
- Applies pre-defined templates for all 1099 and escheatment communications.
Streamline Review Cycles
- Presents cleanly formatted documents for efficient human review and approval.
- Summarizes key data points, reducing manual verification time for reviewers.
- Allows teams to manage the process by exception rather than reviewing every detail.
Dramatically accelerate the period-end reporting process by automating document creation and ensuring timely submissions to regulators and vendors.
Expedite Document Generation
- Reduces the time to create a complete set of 1099 filings from days to hours.
- Instantly generates vendor notifications upon successful data validation.
- Operates 24/7 to process large volumes of data outside of primary business hours.
Ensure On-Time Submissions
- Systematizes the workflow to avoid last-minute rushes before filing deadlines.
- Provides clear visibility into the status of document generation for better planning.
- Eliminates critical delays caused by manual errors and subsequent rework.