Athennian Unlocked: Athennian and FileForms Transform UBO Reporting

Athennian Unlocked recently showcased the collaboration between Athennian and FileForms, highlighting a transformative approach to managing Ultimate Beneficial Ownership (UBO) compliance and filings. Insights from Charlé West, Athennian's Product Marketing Manager, and Frank Tumminello, CEO and co-founder of FileForms, provided an in-depth look at how this integration is set to streamline operations and enhance accuracy across entities.

Streamlining Compliance with Direct Integration

During the webinar, Frank Tumminello discussed the transformative potential of their product, focusing on flexibility and security. "We offer significant flexibility in terms of who can ultimately push the submission to FinCEN and how data is uploaded in bulk to save time," he remarked. He highlighted that the direct integration with Athennian facilitates a secure data push, ensuring compliance with FinCEN while maintaining operational efficiency.

This integration addresses significant challenges in the compliance landscape, particularly in managing UBO data, which affects an estimated 40 million businesses in the U.S. alone. Leveraging Athennian's capability to provide real-time data updates makes it an indispensable tool for companies dealing with stringent compliance requirements.

Enhancing Data Accuracy and Operational Efficiency

Athennian's platform simplifies entity management by providing a "single source of truth." This centralization of data not only keeps information up-to-date but also ensures that all stakeholders have access to accurate and timely information. "We're your source of truth. We track percentages, stock, principals, directors—everything related to Ultimate Beneficial Ownership—and it's always up-to-date," explained Charlé.

The real-time data integration allows businesses to respond swiftly to regulatory changes and compliance requirements, significantly reducing the risks associated with outdated information. This aspect is particularly crucial in industries like real estate and finance, where compliance and regulations are continuously evolving.

Empowering Users Through Advanced Technology

The integration between Athennian and FileForms goes beyond streamlining data management—it also empowers users by enhancing their experience through advanced technology. The system is designed to be intuitive and user-friendly, allowing users to handle complex filings with ease. "Our goal is to build an experience that's secure, simple, and easy to use, and that's scalable," Frank shared.

Setting a New Standard in Entity Management

The partnership between Athennian and FileForms is setting a new standard in entity management and compliance. By combining Athennian's robust entity management tools with FileForms' specialized compliance solutions, businesses can now handle UBO reporting and other compliance requirements more effectively and accurately.

As companies continue to navigate the complexities of regulatory environments, the importance of efficient, reliable, and user-friendly tools cannot be overstated. Athennian and FileForms are at the forefront of this transformation, providing solutions that not only meet the current demands of compliance management but also anticipate future needs, ensuring sustainable and efficient business operations.

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