Description
Wealth Access remains focused on being the primary user experience for wealth professionals and end clients. By partnering with ONESOURCE, our platform further increases user efficiency by streamlining the process of delivering tax documents directly to end clients. Furthermore, this integration helps firms execute on their ‘Green’ initiatives by reducing paper consumption and delivering tax documents in an electronic format.
Quick Details
How it Works
The ONESOURCE integration is currently live and generally available to our client firms. This integration supports the ability for tax documents to be transmitted directly from ONESOURCE to Wealth Access through a secure file transmission. Once Wealth Access receives the documents, we process the inbound files and place them directly into the appropriate document vaults of end clients.
Licensing
There is no additional Wealth Access licensing to use the ONESOURCE interface. However, there is additional licensing by ONESOURCE for them to transmit documents to Wealth Access using their Document Delivery service. A representative from your firm should contact your tax provider (e.g. EY) who can then work directly with ONESOURCE on the determining the appropriate level of licensing. During this time, the representative from your firm should also contact your Wealth Access account manager to inform them that you are pursuing the ONESOURCE licensing for this interface.
Setup
Once the additional ONESOURCE licensing has been contracted, Wealth Access can begin the process of setting up the integration. The following projects steps will be taken:
- Client firm reaches out to the Wealth Access Client Success team to ask to turn on the ONESOURCE integration
- Client firm provides contact information for the tax provider, contact information for the project lead, and an outline of the tax documents expected to be transmitted to Wealth Access
- Wealth Access organizes conference call with client firm and tax provider
- It is expected that tax provider will additionally invite ONESOURCE to the call
- Wealth Access will review transmission details with tax provider to ensure tax documents can flow correctly
- Ex. What is the desired file name and folder structure for the Wealth Access document vault?
- Tax provider/ONESOURCE sends test documents to Wealth Access on behalf of client firm
- Wealth Access verifies transmission of test documents
- Tax provider/ONESOURCE sends production-ready tax documents
- Wealth Access consumes and process tax documents, and uploads documents to client document vaults
- Client firm reviews the integration
- Client firm accepts the integration