Compliancely Revolutionizes Tax Compliance & Vendor Onboarding for Businesses with Real-Time Verification from Government Sources

FAYETTEVILLE, AR / ACCESSWIRE / May 12, 2023 / Compliancely, the KYB (Know Your Business) and KYC (Know Your Customer) compliance solution provider for businesses, recently released multiple new features to provide customers with more options to manage their compliance needs efficiently. The new features include subscription models for TIN matching services, Live Feed Updates, VAT services for thirteen new countries, Global KYB, and more.

TIN Matching is one of the standout features of Compliancely’s new offerings. This feature allows businesses to verify their employees’, vendors, contractors TINs quickly and accurately. Compliancely’s TIN Matching service verifies data directly against the IRS database, ensuring that it is accurate and up-to-date. This feature helps businesses stay compliant with laws and avoid penalties.

“We believe that our TIN Matching feature will be a game-changer for businesses that want to comply with tax laws. We understand that tax compliance can be a daunting task for many businesses, and we want to make it as easy as possible for our users,” said Sanjeev Singh, CEO of Zenwork, the parent company of Compliancely.

“Our TIN Matching feature is accurate, reliable, and designed to help businesses comply with tax laws.” He further explained.

Compliancely also offers subscription models that allow businesses to choose the model that best suits their needs. Businesses can access the self-serve portal and use Compliancely’s services on their terms and schedule. Along with that, a new Live Feed Update feature for TIN Matching service enables users to monitor the status of services and get notified in case of downtime.

Compliancely has expanded its VAT services to include more countries, providing businesses with comprehensive VAT services for Spain, Ireland, Italy, Portugal, and nine more. This expansion helps businesses comply with each country’s tax laws.

Global KYB is another new feature that helps businesses verify the identity of their customers and suppliers. With access to government databases around the world, this feature simplifies the process of complying with anti-money laundering and other regulatory requirements when expanding business into new countries.

Compliancely also offers US-based check services, including the FATCA List, OFAC Watchlist, Secretary of State checks, and more. These features are designed to help businesses ensure compliance with US government regulations and maintain good standing with state authorities.

“We are dedicated to providing our customers with accurate and reliable data verification, ensuring we meet their compliance needs with utmost precision. We unwaveringly commit to building trust in every interaction.” says Ed Pratt, Chief Operating Officer of Zenwork. “Real-time capabilities empower our customers to make swift and informed decisions, allowing them to navigate the complex landscape of tax compliance with agility. By leveraging real-time updates, our customers can efficiently adapt to evolving regulations and focus on driving their business forward.”

Compliancely’s new features are designed to simplify compliance for businesses and provide them with the tools they need to stay compliant with laws. By offering accurate and reliable tools, Compliancely is helping businesses avoid penalties and focus on growing their operations.

About Compliancely: Compliancely is a compliance and security solution that powers real-time business identity verification and tax compliance checks to make it easier for companies to perform due diligence and stay compliant with their regulatory obligations. It simplifies the process by automating customer information verification and running multiple checks such as TIN Verification, OFAC Watchlist, FATCA List, Specially Designated Nationals, and more. With the help of Compliancely’s technology, companies can quickly and accurately verify the identity of their customers, reducing the risk of fraudulent activity and non-compliance.

About Zenwork Inc: Zenwork Inc is the parent company of Tax1099, backed by Spectrum Equity. Zenwork Inc is a prominent digital tax compliance and regulatory reporting technology company that aims to provide automated, accurate, and secure solutions for filing tax forms in the United States. With 10+ years of experience in the tax filing industry, Zenwork Inc has been helping over 150,000 Businesses and over 30,000 CPA firms to simplify and streamline the compliance process. Learn more about Zenwork and its products at www.zenwork.com, www.tax1099.com, and www.compliancely.com.

Contact:

April Rae Mallord

Zenwork, Inc.

[email protected]

SOURCE: ZENWORK INC