ASI Introduces ComboChecks to Improve Tax Reporting Timeliness and Efficiency

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Administrative Systems (ASI), a leading provider of disbursement processing, tax reporting, and secure document fulfillment, announced today that it has introduced functionality that allows for the printing and mailing of remittances and their associated tax forms in a single step.

Administrative Systems (ASI), a leading provider of disbursement processing, tax reporting, and secure document fulfillment, announced today that it has introduced functionality that allows for the printing and mailing of remittances and their associated tax forms in a single step. By eliminating the need to send separate tax forms at the end of the year, clients benefit from the direct cost savings of fewer mailings and an improved operational workflow. Additionally, clients gain the ability to access tax forms online, thus enabling on-demand reprints and real-time customer service.

Jim Peterson, vice president of national accounts at ASI said, “By leveraging ASI’s 40 plus years of proven expertise in the disbursements arena, our clients get the best of both worlds—they benefit from the reduced costs associated with fewer mailings while streamlining their operations.”

MG Trust Company, LLC (“MG Trust”), a wholly-owned subsidiary of Matrix Financial Solutions, a Broadridge Financial Solutions, Inc. company, went live with this new capability in April 2013.

Suzanne Walters, MG Trust’s senior vice president said, “This solution is streamlined and cost-effective. By combining distributions with their related tax forms, we’re sending out fewer mailings which means reduced direct costs and decreased consumption of MG Trust’s internal resources. Combining checks and tax forms also means that MG Trust is able to send tax forms throughout the year rather than waiting to send them all in January.”

Mr. Peterson added, “ASI takes pride in delivering innovative services that clients can leverage in order to deliver enhanced and cost-effective solutions to their customers. We know the lengths that our clients go to deliver the highest level of service to their customers and we’re pleased to support those efforts. ASI is committed to providing strong yet flexible disbursement solutions.”

About Administrative Systems

For over 40 years, Administrative Systems (ASI) has been the leading provider of retirement plan benefit disbursements, tax reporting, and other related services for some of the world’s largest banks, trusts, and pension funds. ASI’s solutions feature superior functionality, cost efficiency, and unrivaled customer service. For more information about ASI, visit http://www.asipay.com.

About Matrix Financial Solutions
Matrix Financial Solutions, now part of Broadridge Financial Solutions, Inc., is a leading provider of TrueOpen™ retirement products and services for third party administrators, financial advisors, banks and other financial professionals. Matrix serves more than 300 financial institutions with over $200 billion in customer assets processed through its trading platform. For more information about Matrix, please visit matrix.broadridge.com.

About Broadridge
Broadridge Financial Solutions, Inc. (NYSE:BR) is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers globally. Broadridge’s investor communications, securities processing and operations outsourcing solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With 50 years of experience, Broadridge’s infrastructure underpins proxy voting services for over 90% of public companies and mutual funds in North America, and processes more than $4.5 trillion in fixed income and equity trades per day. Broadridge employs approximately 6,200 full-time associates in 13 countries. For more information about Broadridge, please visit broadridge.com.

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Fraylie Nord
ASI
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