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Navigating the ever-evolving landscape of Beneficial Ownership Information (BOI) reporting can be a challenging task. Recent court rulings have introduced uncertainty to filing timeframes, making it even more difficult for businesses and professionals to stay on top of regulatory requirements. Software designed to make filing more efficient – such as tools that include a bulk entity upload feature – can help.
As a result, firms may be seeking efficient systems that allow them to quickly adapt to any new information, even when changes occur at the last minute.
Why Bulk Entity Upload is Essential
As demonstrated by the nationwide preliminary injunction issued out of Texas and FinCEN’s subsequent appeal, the regulatory environment can change rapidly. Having a system in place that allows for the quick entry of multiple entities provides professionals with a valuable tool to swiftly adapt to new guidance—especially if it’s issued just days before the January 1, 2025, deadline.
Secure Compliance’s bulk upload features enable firms to upload information for multiple entities simultaneously, significantly reducing the time and effort required compared to individual data entry.
We offer both a base bulk upload feature and a premium white-glove version. The differences are outlined below, but whichever version you choose, these features can save your firm valuable time when you need it most.
Base Bulk Entity Upload
The base bulk entity upload feature is included in our $995 SecurePRO package. With this package, you can download a sample CSV file, enter your entity information, and upload any correctly formatted CSV file. Our software will then process the information into the system. After a successful upload you can add any additional information to individual entities as needed.
HOW IT WORKS
- Data Preparation: Gather and format your entity information for bulk upload, by either downloading our sample CSV file or formatting an existing CSV file to fit for upload.
- Processing: Our system processes the data, ensuring all information is filled into separate entity records.
- Review and Submit: You will then be able to review the uploaded data for accuracy, add any beneficial owners, and fill in any remaining information needed.
White Glove Bulk Entity Upload
We also offer a premium white-glove option, where we take from existing files you already have (such as reports from tax software) and upload it into our system, eliminating the need for you to format your data to meet the requirements of the base bulk upload feature. Simply send us the file, and we’ll take care of the upload for you. To learn more about this service, please contact our sales team.
HOW IT WORKS
- Consultation: Speak with a member of our sales team to discuss the information you have and to learn the specifics about pricing and timelines (this varies depending on individual cases).
- Submit Your Information: Send the file and/or information to our team, and we’ll handle the rest. Once the upload is complete, we’ll notify you so you can add any additional details for your entities as needed.
Stay Ahead with Secure Compliance
As policy changes continue to shape the compliance landscape, firms must adapt quickly to stay compliant. Bulk entity upload is a crucial tool in this endeavor, providing the efficiency and accuracy needed to manage large volumes of data.
For more information on how Secure Compliance’s bulk entity upload can benefit your firm, contact us today. Don’t let tight or unclear deadlines overwhelm you. Let Secure Compliance simplify your compliance process.
