Nimble Reporting Partners with SnapBOI to Enhance Payroll Compliance Services

Mar 19

MELVILLE, N.Y., March 19, 2024 (VSNewsNetwork.com) - A strategic partnership has been formed between Nimble Reporting and SnapBOI, aimed at providing payroll providers with a white-label platform to assist in complying with the Corporate Transparency Act. This collaboration seeks to mitigate the risk of fines and violations for client companies by ensuring adherence to the act's requirements.

The Corporate Transparency Act mandates the disclosure of Beneficial Ownership Information (BOI) for certain entities, with the goal of enhancing transparency and reducing financial crimes such as money laundering. SnapBOI's platform is developed to facilitate the accurate and timely reporting of this information, aligning with the act's objectives.

The partnership offers payroll organizations an opportunity to automate compliance with a complex regulation, potentially creating new revenue streams. The addition of SnapBOI's technology to Nimble Reporting's platform is designed to help payroll organizations navigate regulatory challenges more effectively and provide educational resources to their clients.

"The payroll industry eagerly anticipates a product of this caliber—a solution that offers substantial value to entice and maintain customers, educates clients effectively, and generates substantial revenue, all through a seamless platform," said Patrice Raiha of Nimble Reporting, LLC.

SnapBOI's platform includes features for comprehensive Beneficial Ownership Reporting, which simplifies the process of collecting and verifying BOI in compliance with the Corporate Transparency Act. It also offers customizable solutions, allowing payroll organizations to adapt the compliance reporting services to their brand and client needs. According to the companies, this partnership is expected to expand service offerings for payroll firms, thereby attracting new clients and enhancing revenue opportunities.

For more information on the partnership and services offered, visit www.nimblereporting.com.

Source: Nimble Reporting via Newswire