Simpluris is well-versed and deeply familiar with all of the local, state, and federal taxation, financial, reporting, and overall general accounting requirements that are involved with administering a settlement.
Our team of accounting professionals is diverse, with most of them involved in thousands of cases over the last decade. This level of financial expertise is rare, and deeply sought after in the industry of legal services and professional settlement administration services.
It is imperative to have this sort of financial expertise involved in settling your cases, as just one mishandled tax form can cost an inordinate amount of time, money, and personnel to resolve with the IRS. In addition, the creation of qualified settlement funds, specific and restricted bank accounts, as well as the reporting, management, and oversight of all such accounts, carries with it specific legal and regulatory compliance requirements, (encryption, fraud prevention, etc) that must be adhered to or specific penalties will be incurred by both counsel and settlement administrators.
This is why Simpluris has committed themselves from the beginning to building a system and platform that is fine-tuned to the nuances of these complex financial operations and requirements. It's a committment to accuracy; one made by experienced professionals in this legal-tech industry.
You can't get there without substantial investments...
Getting to full compliance is no simple task. Our tax and accounting team will attest that you can't get there without substantial investments into the financial process and the compliance procedure.
It's these investments that have allowed our financial team to scale to millions of class members across thousands of cases, filing every form and accounting for every dollar.