Envision Financial Systems, Inc. has created PowerBasis to address the needs of Investment companies. PowerBasis is an integrated on-demand mutual fund cost basis solution.
PowerBasis supports all current IRS tax-lot relief methods and includes all required adjustments and transfer scenarios.
Increase Productivity and Reduce Expense:
- Eliminate the need to purchase and support hardware by accessing PowerBasis through a web browser.
- Available today, so you can avoid the expense and risk associated with internal programming.
- Enables shareholder self-servicing to reduce dependency on your staff
Improve Investor and Customer Satisfaction
- Provide shareholders a tax strategy selection feature to make it easy for investors to make decisions. Shareholder simply set a strategy such as “Maximize Gain – Long Term and then Short Term” and the systems does the rest.
- Allow shareholders to model the gain loss on a redemption amount before executing the trade.
- Provide shareholders with their cost basis information in advance of the required deadline and allow them to manage their gains and losses.