Case Study: Texas Capital Bank achieves timely 1099 compliance and fewer B-Notices with Sovos 1099 and Managed Services

Texas Capital Bank - Customer Case Study

Texas Capital Bank faced growing tax-reporting challenges—rising B-Notices and gaps in state reporting compliance—as their previous vendor failed to keep pace with the bank’s expanding services. Cathy Reynolds, VP of Client Operations, engaged Sovos and began using Sovos Real-Time TIN matching and Bulk TIN matching to address immediate compliance gaps.

Sovos then implemented those TIN-matching solutions and Texas Capital purchased Sovos 1099 and Managed Services; the implementation was smooth, allowing the bank to purchase in November and file all forms on time the following January. Sovos’ services produced a dramatic reduction in B-Notices, improved overall compliance, and delivered better process control and customer support—results that led Texas Capital Bank to plan broader adoption of Sovos across its tax-information reporting.

Texas Capital Bank

Cathy Reynolds

Vice President of Client Operations