Lexent - Legal Entity Management

Overview

• Simplifies global entity management by embedding jurisdiction‑specific tax, legal, and regulatory logic, reducing cross‑border compliance risk
  
• Accelerates entity formation through automated, parallel workflows with SLAs, clear ownership, and real‑time visibility into setup progress
• Strengthens regulatory compliance with automated FinCEN determination, documented rationale, and audit‑ready controls
• Eliminates spreadsheet‑driven risk via integration with systems of record (Advent Geneva, PeopleSoft), improving data integrity and auditability
• Delivers end‑to‑end transparency by integrating entity data, accounting records, and bank account management into a single Appian platform

Key Features & Functionality

• End-to-end entity formation workflow with structured cross-team tasks and approvals.
• Manual Initiation: Request New Legal Entity with required fields . Business Owner Approval with approve/reject and rework loop. Provide Formation Data: EIN, tax classification, entity type, Directors & Officers details.
• Compliance Review with FinCEN auto-population (Yes/No and reason) based on USA vs. foreign entity logic; approve/reject with rework.
• Tax attributes and preparer task and; Tax Document Review with LE summary and System-generated prefilled W-9 PDF.
• Accounting Review to capture accounting owner, system of record, reporting currency.
• SLA dashboard with within/outside SLA status, automated email reminders, and custom reporting.

Benefits & Business Impact

• Automated, multi-jurisdiction compliance with embedded country‑specific tax, legal, and reporting rules — augmented by Appian AI for rule interpretation and continuous monitoring.
• Centralized master view of entity, accounting, and banking data with improved integrity and version control to eliminate spreadsheet-based processes.
• SLA-driven, templated workflows and custom reporting that accelerate outcomes while ensuring structured banking and accounting readiness.
• End-to-end automation including FinCEN logic and AI-assisted detection/reporting to reduce manual effort and surface compliance exceptions proactively.