HOUSTON and MINNEAPOLIS (June 19, 2012) -Shaw Systems Associates, Inc., an established software vendor serving North America’s top financial services companies, and Convey, a leader in web-based tax compliance and reporting, have joined forces to offer comprehensive tax information reporting services to Shaw Systems’ clients.
The partnership combines Shaw Systems’ proven track record of leadership and expertise in loan servicing and collections and recovery accounting with Convey’s tools to help companies navigate and comply with today’s complex tax regulations. Now Shaw Systems provides a complete turnkey solution that includes both the year-end tax reporting interface to the IRS and the appropriate customer correspondence for yearly 1098 and 1099 reporting of tax deductible interest, forgiven debt, abandonment, and more.
“Partnering with Convey allows us to add even more value to our financial software products,” said Cyndy Stone, Shaw Systems’ Chief Operating Officer. “These technologies will deliver a world-class solution that helps companies service loans and recover funds while conforming to tax rules in an economical, efficient, and transparent manner.”
“The tax regulatory space continues to present a formidable challenge, especially for financial institutions. We are excited to work with Shaw Systems, a company with deep roots and a proven track record in the financial industry,” said Troy Thibodeau, Executive Vice President of Marketing at Convey. “Together we will be able to help organizations deal with their tax reporting obligations in the most cost effective and compliant way possible.”
Convey provides tax information reporting services and software to businesses to make IRS compliance clear and uncomplicated. With Convey’s flexible, scalable software and the guidance and focused experience of its service teams, Convey’s clients – from small companies to nearly half of the Fortune 500 – can be assured that they’re complying with IRS regulations and reporting financial transactions efficiently and correctly. Learn more about Convey at: www.convey.com.