Internal Revenue Services
The Challenge
The entity needed a technological solution that would simplify the management of corporate events for US issuers linked to their clients’ issuances.
The main challenge was to efficiently process the information submitted by depositaries and comply with the strict regulatory requirements of the Internal Revenue Service (IRS). In particular, it was critical to be able to generate the information templates required for Qualified Intermediaries, ensuring accuracy and traceability throughout the process.
The Strategy
ARENA designed and developed a modern web application, based on Java and Angular, which acts as an interface between the information received and the required models. The strategy focused on building a robust and flexible system with a clearly defined front-end and back-end architecture that would allow for both intuitive user interaction and the execution of complex business rules. In addition, the solution incorporated the ability to automatically compare data with the entity’s internal systems and provide clear reports to facilitate decision-making.
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The Results
With the implementation of this tool, the entity was able to automate a highly sensitive process and reduce the risks associated with manual errors. Users now have a clear interface for processing information and generating the models required by the IRS quickly and accurately. The system not only ensures regulatory compliance, but also provides operational efficiency, management transparency and confidence in the handling of international corporate events.
Project FAQs
What need does this IRS-related project address?
The project streamlines the management of corporate events for U.S. issuers related to client offerings, ensuring compliance with the regulatory requirements of the Internal Revenue Service (IRS).
What does the solution developed by ARENA Financial Tech do?
We developed a web application that serves as an interface between the information received from custodians and the forms required by the IRS, enabling data processing, the application of business rules, and the generation of reports to support decision-making.
What benefits does the implemented tool offer?
The solution automates a critical process, reduces manual errors, improves operational efficiency, and ensures regulatory compliance, providing greater traceability and confidence in the management of corporate events.
