CSi Classic Solutions for Tax-Favored Accounts—IRAs, HSAs, and Coverdell ESAs
Excellence in compliance documentation
Financial professionals working with retirement accounts are challenged by their seasonal nature and complexity of rules. Inconsistent document completion, uncertainty of the rules, and continuous regulatory changes are often cited as the top concerns of compliance officers.
Designed for an electronic environment, CSi Classic Solutions for Tax-Favored Accounts offer a robust line of electronic documents, or eDocs to help financial institutions manage retirement accounts. CSi Classic eDocs are all integrated into deposit platform systems to make electronic completion easy and automated. When the laws or rules change, CSi updates the IRA documents and provides updates to the platform software provider so the updated documents can be readied for financial institution use.
CSi Classic TFA solutions include the following.
CSi Classic Solutions for Tax-Favored Accounts deliver many benefits to financial professionals, including:
| Reduced Costs | Reduced Compliance Risk |
| CSi Classic Solutions are tightly integrated into the New Accounts or Platform system, minimizing the time and costs associated with updates. Time-consuming tasks associated with the setup of document groups and special training on myriad documents, along with costs associated with expensive custom forms, are eliminated. | CSi Classic Solutions help financial institutions effectively manage the complex regulatory requirements governing TFA transactions. A complete, fully warranted TFA solution allows financial professionals to document TFA transactions with confidence. |
| Reduced Administrative Activity | Improved Customer Service |
| CSi Classic Solutions are complete. Tax-Favored Account documents are structured for efficiency, addressing virtually all TFA transactions with fewer documents than other documentation options. | Financial professionals may readily create documents that are easier to read and easier to understand. CSi consulting services support financial institutions as they conduct the myriad maintenance activities associated with TFA accounts. |
Contact CSi today at info@compliancesystems.com to learn how CSi Classic Solutions for Tax-Favored Accounts can help your institution meet its business challenges.