Scivantage Maxit® Infographic 2015

Scivantage Maxit Infographic 2015

This past tax season is widely viewed as being the most challenging since cost basis reporting regulations went into effect, primarily due to the Phase III regulations around fixed income and options.

As the investment industry continues to meet IRS reporting requirements, firms face increasing costs for this regulatory compliance. Many firms have indicated they’d like to reduce resource requirements using additional automation for items such as corporate actions. Others are asking, “How else can I leverage my cost basis data to make this investment more valuable?” If your firm is grappling with either of these concerns, consider Scivantage Maxit.

With over 125 million IRS 1099s processed this season alone, Maxit’s sophisticated data management capabilities continue to set it apart, processing and managing high volumes of data to ensure cost basis accuracy and data consistency with a firm’s books and records.

For more information about Scivantage Maxit®, the automated Cost Basis, Tax Management and Portfolio Reporting solution, click below to contact us.

Considering a Cost Basis System Conversion

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