Meritsoft signs new global client for Transaction Tax Manager solution

Merit is extremely pleased to announce that another Top 5 global institution has contracted for our market leading 871m/305c Transaction Tax Manager solution.  Merit will be implementing its automated 871(m) and 305c solution to aid daily tax and operational activities in this complex regulatory area.  Merit’s solution, which has already been adopted by another 3 global financial houses, continues to meet the ever-changing IRS needs, whilst automating group processes and minimizing direct and indirect tax processing costs.

This client selected Merit as their vendor of choice based on Merit’s track record in this area, following delivery of live 871m implementations in the market; and following an in-depth review of the breadth of the Merit solution.  Once deployed the solution will support the groups operational activities for meeting these two complex transaction taxes, across several bank entities including Wealth, Custody, PB business lines.  Meritsoft Transaction Tax manager will act as the centralized hub for this global institution’s 871m activities.

As with all of Merit’s solutions our 871(m) and 305c solutions leverage our globally proven FINBOS platform, delivering operational Intelligent Process Automation and handling a range of Regulatory, Tax and operational requirements across financial institutions group activities.  Our solutions aid houses in meeting regulatory requirements, providing real-time oversight and accrual processing, delivered by quick implementations process leveraging our ETL capabilities and technical specialists.

For more details on what Meritsoft solutions can do for you, please contact us at capitalmarkets@meritsoft.com or call +44 20 3865 4641 or +1(646)926-3748