BMO Taps Broadridge for Tax Reporting System
BMO will implement the TFP system to automate the collection, composition, printing and delivery of the data, and ultimately reduce the risks associated with manual processes.
"Broadridge's tax management and distribution capabilities combine innovative technology with more than 50 years of experience, up-to-date knowledge of tax reporting operations and requirements, as well as a proprietary transition methodology to reliably and cost-effectively manage a firm's and its clients' tax needs," says Michael Dignam, president of Broadridge Financial Solutions.
Broadridge TFP also enables firms to provide real-time reporting to account holders when amendments are made to financial information on tax forms.
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