Managing vendor relationships and staying compliant with tax regulations can be a complicated and time-consuming process for businesses. At Rho, we’re constantly seeking new ways to enhance the user experience for thousands of businesses running on our platform. Today, we’re excited to announce the latest example: An enhanced W9 and 1099 experience in Rho! 

The challenge

In our Spring 2024 product release, we rolled out 1099 filing support in Rho. We received positive feedback from customers but also heard there were areas we could improve. For example, previously, users had to reach out to vendors twice—once to gather payment details and again to request W9 forms. This two-step process was inefficient and often led to delays and incomplete records.

Our solution

We've enhanced our platform to simplify vendor onboarding and tax form collection:

Unified W9 and payment details request

You can now request a W9 form and payment details from your vendors simultaneously within the same workflow. This streamlined process reduces back-and-forth communication and accelerates vendor setup.

Comprehensive data export

All W9 information is now included in the vendor CSV export. Instead of sifting through individual vendor profiles to find tax details, you can access all available information in one consolidated file. This vendor management software feature saves time and helps streamline record keeping.

Preparing for the 2024 1099 season

As January approaches, filing 1099 forms becomes a priority for many businesses. To help streamline this process:

• Easy report exporting: Our platform allows you to efficiently export the necessary reports to file your 1099s.
• Flexibility with filing: While Rho does not directly support filing 1099 forms with the IRS for 2024, we've made it simple for you to use the exported data with the filing provider of your choice.

What this means for you

• Efficiency: Designed to help streamline administrative tasks by consolidating W9 collection and payment detail requests.
• Accuracy: Tools to help manage errors by having all vendor and tax information accessible in one place.
• Compliance: Stay ahead of tax season with easy access to the data you need for 1099 filings.

Simplify vendor management with Rho today

These updates are now live on the Rho platform. We encourage you to take advantage of these new features to enhance your vendor management processes. If you have any questions or need assistance, our award-winning support team is here to help.

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