At Comply Exchange, our journey is defined by a relentless pursuit of innovation and a commitment to excellence. Over the years, we’ve transformed the landscape of tax information reporting with cutting-edge solutions that anticipate and address the evolving needs of our clients.
2009
Launched with an automated, configurable tax technical rules engine setting the stage for our best-in-class validation tool that we have today.
2010
Onboarded our first client with a complex structure setup, featuring real-time withholding rate calculators. With this foundation, we handle the complexity across Private Equity and other markets with ease.
2011
The introduction of FATCA, Foreign Account Tax Compliance Act, in 2010 vastly played a role in the look and feel of Forms W-8. With this in mind, we introduced beta delivery of the early FATCA forms for client use. We also undertook our first full scale client integration.
2015
Introduced our electronic self-certification process with dual-submission processing, simplifying and streamlining the user experience. This has become a growing need across clients as there is no standardized self-certification and catering to client specific forms has enhanced the focus on the customer experience. We also introduced various reporting mechanisms around FATCA and CRS reporting, UK CDOT reporting and 1042-S & 1099 reporting.
2017
Already having a first in class form collection and validation solution, over the course of a few years we focused on expanding our functionality. Our clients asked, and we heard them. We built our secure Business Unit feature, allowing for data segregation and security across different subsidiaries and lines of business. We integrated Real Time TIN checking for both eForms and Admin, and we built our “Create & Send for signature” allowing forms to be created using data points and other mechanisms then sent for signature.
2019
Unveiled the first AI-managed tax technical rule set in market, pushing the boundaries of automated tax compliance.
2020
Launched ComplyLite & ComplyPro, the first integrated form collection/submission & CPE accredited training platform, elevating industry standards and creating a space to learn more about information reporting and withholding requirements.
2021
Introduced the first true mobile “mForms” application, available for download from both Apple App Store & Google Play Store, bringing tax compliance away from your computer and to users’ fingertips.
2022
Launched the Comply Wallet app, the first client independent system with our embedded form submission application, delivering our first look at the user centric experience offering user form submission tracking, simultaneous multi-platform updates, automating change in circumstance distribution.
2023
Launched the Withholding Statement Extractor allowing for data extraction and validation from across withholding statements. Withholding statements are not standardized and it has been a time-consuming process across organizations trying to input and validate this information. Instead of trying to standardize, we are revolutionizing the way withholding statements can be input, stored and extracted.
2024
Comply Solid, an enhancement for user data-centric storage, is making its way into the market. We are also focusing on the introduction of AI tools to enhance productivity, data validation and report generation through the use of Copilots in our Admin application.
As we look ahead, we remain committed to be a leading provider in driving tax innovation and excellence. Thank you to our clients and partners for your trust and support as we continue to shape the future of compliance together.
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