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CTProComply comes out with solutions to regulatory compliance needs of SBMs
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PR Newswire | 19 May, 2010
NEW YORK: When it comes to automating their corporate regulatory compliance, licensing and business formation processes, small and mid-sized businesses (SMBs) have been caught in the netherworld between entrepreneur-focused Web sites and full-scale, enterprise-class software packages aimed at larger corporations. With today's introduction of CTProComply, SMB decision-makers now have a tailored solution that gives them the ease of use of a Web-based solution with the breadth of functionality to handle the evolving needs of their growing business.
Created by CT Corporation, part of CT, a Wolters Kluwer business, and the leading provider of registered agent services, CTProComply is an online service, giving customers the ability to easily control all aspects of content and the processes involved in the documentation of and scheduling of business filings in one simple, collaborative work environment.
With the annual cost of complying with federal regulations totaling $1.1 trillion, small companies pay a disproportionate percentage – almost 45 percent more per employee in annual regulatory compliance costs than larger companies, according to the U.S. Senate Committee on Small Business and Entrepreneurship.
Before CTProComply, SMB decision-makers had two basic options: They could use existing online tools that cater to entrepreneurs or invest in a robust solution aimed at large enterprises. When a business has outgrown the startup stage or has emerged into a steady growth mid-sized company, but does not yet require the complexity of a solution for a large enterprise, they can now turn to CTProComply. This online compliance solution is specifically built for the SMB market, providing consolidated tracking, filing and maintenance services designed to help these businesses remain in good standing with multiple regulatory agencies and avoid fines associated with lapses in compliance.
"Our goal with CTProComply is to give smaller businesses the same peace of mind that large corporations have found in working with CT Corporation for over a century," said Diane Brown, executive vice president and general manager of CT Corporation. "Customers can reduce the time spent managing their company's compliance, gain confidence that their business is in full compliance with regulatory obligations, get affordable statutory representation without bargaining and potentially save money by minimizing the fines that previously resulted from missed compliance deadlines."
About CT Corporation:
CT Corporation is the highest quality provider of corporate compliance and productivity solutions. Its offerings enable corporations and law firms to manage statutory representation for all their entities, complete corporate and secured transactions, and maintain compliance as required by state and federal law. For more information, visit the CTProComply Web site or follow @ CTCorporation on Twitter.
CT, a Wolters Kluwer business, delivers the people, products and processes to drive transparency, ensure accountability and provide organized, accurate and actionable information for legal, financial and insurance professionals. CT's products and services and CT Corporation, CT Corsearch, CT Lien Solutions, CT Summation and CT TyMetrix empower organizations to make better business decisions and be more efficient in today's highly transparent business environment.
About Wolters Kluwer:
Wolters Kluwer is a market-leading global information services company. Professionals in the areas of legal, business, tax, accounting, finance, audit, risk, compliance, and healthcare rely on Wolters Kluwer's leading, information-enabled tools and solutions to manage their business efficiently, deliver results to their clients, and succeed in an ever more dynamic world.
Wolters Kluwer has 2009 annual revenues of euro 3.4 billion ($4.8 billion/3.0 billion pounds Sterling), employs approximately 19,300 people worldwide, and maintains operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.
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