Simplify the five steps of BOI report filing into an easy process for your firm. Process each report in just minutes with full report visibility, automated reminders, and client-friendly explanations, all designed to make BOI reporting efficient and straightforward for your firm. Using a dedicated and secure platform allows a single junior staff member to support hundreds or thousands of FinCEN reports for your clients.
Send a quick invite link to your clients inviting them into a submission process that explains the regulation and collects the correct information for your firm. Your firm can also add any information for clients.
Clients securely upload their documents directly to their report dashboard, making them available to your firm and for their FinCEN report.
Reviews are part of the workflow when clients and firms share access to the report. Both sides can confirm the filing before filing to FinCEN and your platform keeps all records secure and accessible.
Filings will submit directly to FinCEN’s BOSS API once the review is complete. If the API is delayed by FinCEN, a form match system will allow filing in 5 minutes.
Helpful automations send reminders to clients and keep reports moving. You can quickly download data, view the status of reports, and manage any number of clients with a single staff member from your dashboard.
Without helpful FinCEN beneficial owner reporting software in place at your law or accounting firm, each BOI report will require two to three hours of staff time to complete five steps while navigating complications, using disconnected systems, addressing client confusion, and keeping track of these mandatory reports for hundreds to thousands of clients.
Without BOI filing software, your firm must create forms to collect information from your clients. Because the regulation is difficult and forms cannot answer questions easily, you should plan time to help every client understand FinCEN’s definitions for applicants, correct addresses, substantial control, etc.
FinCEN reporting requires document images. Your firm will need to have a dedicated file manager in place to capture these documents from clients and store them securely. These files will need to be stored with the report details later.
Your firm will need to create and use an information management systems for holding BOI information, check for errors when copying information, and have a call with each client to review filings prior to FinCEN submission.
Without BOI software, your staff will need to copy information again to the FinCEN filing system and obtain a confirmation to share with your client. You will need to keep these records in a different system used to store filed information for clients.
Managing hundreds or thousands of clients requires having a system in place to send reminders, help clients through submissions, store reports, email clients, and stay organized – adding more time for each report.