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Q: My IT department spends a lot of time each year updating our 1099 system for either regulatory changes or to add new 1099 functionality. How can we eliminate this project from their task list?
A: Today's IT professionals are busier than ever tackling company-critical projects. To IT, the 1099 process is a distraction to their workload and is rarely considered a high profile task. It makes sense to give your IT department an "out" and pass the 1099 work onto Thomson Reuters. We'll take care of all 1099 updates including regulatory and functionality changes, data backups, database maintenance and security. Your IT department will appreciate their newfound freedom from the 1099 process!
Q: It takes a lot of time for IT to process our 1099's every January to get the 1099s out on time.
A: With ONESOURCE 1099, your IT department simply needs to do is provide Thomson Reuters with an extract file from your payment system(s). We'll manage everything from there and make sure your 1099 statements are printed and mailed on time. In fact, we'll guarantee it!
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