Built-in compliance support makes documenting IRAs and HSAs a snap!
If you're still documenting your Individual Retirement Accounts (IRAs) or Health Savings Accounts (HSAs) manually—or aren't completely satisfied with the efficiency and ease of your automated solution—the Management Center solution offers a better way. It's an online tool that helps make documenting IRAs and HSAs easier and less prone to mistakes.
The Management Center's built-in compliance logic helps:
- Improve efficiency—by creating dynamic documents in less time than it takes to complete the documents manually
- Reduce errors—by checking the information entered before the document is created
- Reduce risk—by flagging invalid answers, completing compliance checks, and providing documents based on current regulatory changes
- Provide flexibility—by allowing your financial organization to tailor user restrictions, policies, investments, reporting functions, and even the look and feel of the web site where the tools reside
- Improve customer service—by providing quick and accurate account opening and maintenance
Dynamic documents made easy
To create documents, you simply choose the type of transaction you want to complete for either a traditional IRA, Roth IRA, Coverdell Education Savings, or Health Savings Account. Next, the system walks you through a number of questions about the account owner. Then, using a wizard process, it automatically determines which documents are needed, validates the information you've entered based on Internal Revenue Service (IRS) rules and your organization's specific policies, and outputs the documents.
The process is so simple, users don't need extensive IRA and HSA knowledge to complete transactions. And, because the system validates the information against a set of compliance-related criteria, you help minimize your exposure to IRS penalties.
You control the look and feel
The Management Center Site Administration Manager is a feature that allows your organization to set up site preferences and policies and retrieve information within the system. It also provides security functions, such as who will be allowed access to certain tools.
Extensive on-screen help
At any time throughout the transaction, users can access an on-line help system that explains each question in more detail and provides information on a variety of IRA and HSA topics.
Plus, information you can use
The Management Center solution also offers a comprehensive set of information and educational tools designed to help improve your staff's understanding of IRAs and HSAs. To learn more, call 1.800.552.9410.
