GEMS enables you to be more efficient and spend less time on tasks through its document automation and localized compliance. The platform helps you work as effectively as possible, pulling together data to create and sign off documents within minutes.
Document automation
Decrease time spent on manual document creation and quickly create documents in GEMS by pulling information already stored within the entity management software. Compile reports, shareholder meeting minutes, appointment/resignation letters, and company information sheets, in PDF or DOCX form.
Localize your compliance reports
Assemble and electronically file local compliance reports within GEMS. Create multiple filings at once for different jurisdictions using the Update Filing Dates Wizard and prevent inaccuracies when e-filing via GEMS, using the Validate button to check your data entries against set rules and highlight errors.
DocuSign integration for e-signatures
Link your DocuSign profile to your GEMS account thanks to DocuSign integration and enjoy a more hands-off role for signature requests. Simply upload a document to GEMS, select signatories, and then let DocuSign handle the rest. When all signatories have signed, the finalized document will be uploaded to GEMS, and you’ll receive an automated email alerting you of this.
CTA Beneficial Ownership Information Tracking
GEMS now has the functionality to help you meet CTA (Corporate Transparency Act) requirements, with full tracking of CTA-related data. Store and track all relevant Beneficial Ownership Information (BOI) within a single, secure location. Reportable information that GEMS can track includes the following:
- Beneficial Ownership Status & effective dates
- Full legal business name and DBA names
- Principal place of business in the U.S.
- Formation jurisdiction
- EIN/Tax ID
You can also track Beneficial Owners, those with Substantial Control, and Company Applicant information, including FinCEN IDs.
Electronic FinCEN filings
Make seamless FinCEN filings directly from the GEMS platform using approved API submissions to the FinCEN BOSS system. By pulling up-to-date data stored in GEMS, you can create and file various BOIR (Beneficial Ownership Information Report) forms with total ease and accuracy. Reports you can create via GEMS include:
- Initial Report
- Update Prior Report
- Correct Prior Report
- Newly Exempt Entity Report
Plus, enjoy bulk filing capabilities through GEMS; whether you have 10, 100, or more reporting entities, you can group all changes and submit then to FinCEN in a single submission.
