Implementation Options to Meet Any Business Need
For easy integration into any business environment, NetBasis offers a variety of implementation options. In addition, an implementation may be customized to meet virtually any client requirement or need.
| Standard implementation options include: |
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Total Integration – NetBasis can be integrated into a customer’s system to provide ongoing, high-volume cost basis calculation on a tax lot basis. Integration may be achieved via file transfers between a client’s various platforms and the NetBasis engine through FTP or direct feed. Data storage alternatives include data hosting by NetBasis, data mirroring and virtual storage. |
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Desktop Access – NetBasis can serve as a desktop resource for internal users such as customer service representatives and brokers. It enables organizations to offer superior, just-in-time client support, quickly providing cost basis calculation, historical corporate action information, security pricing, and date of death and gift valuation. |
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Client Portal – A website link to the NetBasis engine puts powerful portfolio management capabilities into the hands of clients, including a tax optimization tool for running “what if” and tax lot relief scenarios around the various lot accounting methods (e.g., LIFO, FIFO, specific lot). This link may be self-branded by an institution and offered to clients with or without a fee, or consist of an NetBasis-branded button that enables clients to purchase transactions with a credit card. |
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High-Volume Cost Basis Reconstruction/Verification – When customer accounts are transferred or contain positions that pre-date the enactment of stricter cost basis reporting regulations, NetBasis can be used to reconstruct and/or verify cost basis information that may be missing or questionable. NetBasis can perform these services on a one-time, periodic or ongoing basis, and can also provide year-end cost basis calculation for uploading into internal or vendor-supplied 1099 preparation applications. |
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