A high level of accuracy and regulatory expertise is fundamental to cost basis compliance. In order to support complex data management needs for precise and timely cost basis reporting, firms require increasingly advanced reconciliation services. With a wide range of reconciliation options, Scivantage Maxit® has further expanded its cost basis reporting offering to include data cleansing, management and synchronization services.
Core Maxit capabilities are designed to support complex data management needs, providing your firm with the most accurate and timely cost basis data in the industry. Scivantage now extends Maxit’s core capability to offer Premium Reconciliation Services which are uniquely defined based on your firm’s long-term cost basis reporting strategy to reduce costs, automate critical processes and improve the overall client experience through increased data accuracy.
Maxit Premium Reconciliation Services are based on a proven data management methodology and supported by knowledgeable resources with essential subject matter expertise. Firms taking advantage of these services can be confident that any operational and data needs will be addressed in a timely manner throughout the year, and especially during the hectic tax season. Utilizing Premium Reconciliation Services results in clean 1099 reporting and minimized correction volume.