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Convey and StoneRiver announced a strategic partnership to leverage StoneRiver insurance accounting knowledge and Convey tax reporting capability to the benefit of property/casualty and life/health insurance providers. The partnership will create a seamless experience for insurers’ back-office financial management and tax reporting.

Given the recent regulatory reporting changes such as corporate reporting, and increased scrutiny on tax reporting, both companies felt it was time to offer best-in-class solutions to the insurance market.

“Our partnership with StoneRiver offers the insurance industry a back office product that provides not only financial management support but also reduces both the costs and risks associated with handling 1099 reporting,” says Brian Provost, president and CEO of Convey Compliance Systems. “Convey is proud to be working with StoneRiver clients to provide 1099 reporting and withholding services, especially at a time when risks for non-compliance are higher than ever.”

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