Eliminate 1099 Errors

Eliminate Errors in 1099's and Other Tax Documents

Your information returns must be accurate, consistent, and reliable. 99% isn't good enough when you send out millions of 1099's and other tax related forms each year including 1098's and 5498's. Errors cause production re-runs, re-work, fire drills, headaches, and, in some cases, even embarrassing news headlines.

"Infogix Controls assure that we provide our millions of clients a premium tax statement. They reconcile over 4 terabytes of source transactions against our 1099 statement runs to assure accuracy.”

- A Top 10 Financial Services Company

The sheer volume of data that gets processed to generate your information returns has rendered manual auditing and validation of sample sets an obsolete concept. You need controls automation. You need to independently validate your information returns against source systems spanning your diverse IT environment.

Infogix Controls are the answer. They provide you with the following important benefits:

  • Independently validate 100% of your information returns.
  • Detect and resolve errors earlier in the process before they get printed and mailed out.
  • Streamline audit and compliance efforts.
  • Reduce inbound service desk calls and improve customer retention.
  • Continuously validate source information instead of waiting for year-end surprises.

The Information Integrity® experts

Infogix has over 28 years of Information Integrity expertise. Many of the world’s leading corporations depend on us. In fact, many have mandated Infogix Controls as the standard. And unlike other available options, Infogix Controls apply to all business processes across your enterprise to ensure that all of your information is accurate, consistent, and reliable. Infogix offers you a comprehensive controls solution that includes flexible information validation rules, balancing checks, detail cross-checking, duplicate transaction detection, and more.

Infogix Controls can validate your information returns by assuring that regulatory requirements are met within each and every return. Moreover, Infogix Controls can verify that your custom business source data and rules are consistently applied. Here are just a few examples: 

  • Verify transaction summary totals balance against source transaction details. 
  • Ensure return volumes and amounts are reasonable for each account type.
  • Validate withholding computations, required fields, date spans, and other complex calculations.
  • Track accounts through each processing to detect leakage.
  • Detect erroneous duplicate transaction processing.

Join hundreds of other industry leading companies who have successfully implemented Information Integrity® solutions from Infogix.

For More Information

To learn more about how Infogix Controls can independently and automatically validate all of your information returns, contact us today.

 
 
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