oAppsNET | Sovos – Fighting Fraud Together
OAN Fraud Tools
Using oAppsNET Portal for supplier and customer TIN numbers, postal addresses and OFAC lists validations enhances security, prevents fraud, ensures compliance, and improves efficiency.
oAppsNET partnered with Sovos TINCheck to automate and simplify the process of automating the accuracy of Taxpayer Identification Numbers (TINs) in the United States. TINCheck enables organizations to validate and confirm whether a TIN, such as a Social Security Number (SSN), Employer Identification Number (EIN), or Individual Taxpayer Identification Number (ITIN), matches the official records of the U.S. Internal Revenue Service (IRS). This tool is particularly useful for ensuring compliance with tax reporting requirements, minimizing the risk of errors, and avoiding penalties related to incorrect or invalid TINs in forms like the W-9 or 1099. It helps businesses perform due diligence, especially in preventing issues related to tax withholding and reporting.
Benefits
- Ensures adherence to IRS and OFAC regulations, reducing the risk of penalties and legal issues.
- Provides reliable validation of TIN numbers and addresses, minimizing errors in your records.
- Automates the verification process, saving time and reducing the manual workload for your team.
- Identifies potential risks by screening against OFAC lists, helping you avoid business with sanctioned individuals or entities.
oAppsNET | Sovos – Fighting Fraud Together
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Find out more oAppsNET and Sovos – Fight Fraud for your Organization
Call 303-478-5763 to schedule time with one of our senior team members or fill out our contact form to learn more.