This company offers software that simplifies compliance with FinCEN's beneficial ownership reporting requirements. Their platform provides a secure and streamlined filing process for businesses to meet corporate transparency act mandates.
Funding
Funding not disclosed
Founders
Product
Problem
Businesses, especially those managed by professionals like CPAs and attorneys, face complexities in complying with FinCEN's Corporate Transparency Act (CTA) and its Beneficial Ownership Information (BOI) reporting requirements. Efficiently collecting, managing, and securely filing BOI for multiple entities can be time-consuming and create data security concerns. Updating and correcting filings further compounds these challenges.
Solution
Secure Compliance provides a software platform designed to streamline and simplify FinCEN BOI reporting, offering solutions tailored for both professionals managing multiple clients and individual business owners. The platform automates data collection through secure, one-way email portals, reducing staff time and minimizing data entry errors. It ensures data security with ISO 27018 and SOC2 compliance, encrypting data at rest and in transit, and offers flexible filing options, including hand-off and self-bill functionalities. The software also simplifies updates and corrections, allowing users to resubmit entire reports without re-entering previously provided information.
Target Audience
The primary target audience includes CPAs, attorneys, private equity firms, real estate managers, and holding companies managing BOI reports for multiple clients, as well as individual business owners seeking a streamlined filing process.
Features
- Automated data collection via secure, one-way email portals to beneficial owners
- Flexible filing options, including hand-off and self-bill functionalities for professionals and DIY options for business owners
- ISO 27018 and SOC2 compliant backend with data encryption at rest and in transit
- Audit log tracking changes with time and date stamps for compliance purposes
- Customizable email and cover letter templates with branding options
- Bulk payment processing for managing multiple entity filings
- Entity management tools for maintaining clarity over ownership structures
- Single Sign-On (SSO) with Microsoft and Google, and Multi-Factor Authentication (MFA) for enhanced security