SimonJParticipantDecember 2, 2015 at 1:43 pmPost count: 3
I’m hoping there’s some great wordsmiths out there can help me name a new software product.
New laws governing the global Automatic Exchange of Information – currently being implemented as the OECD Common Reporting Standard (OECD CRS) – among major nations will place a greater compliance burden on financial institutions, many of which are already grappling with the complexities of the Foreign Account Tax Compliance Act (Fatca), the bilateral anti-tax evasion legislation imposed by the US.
To make the exchange of information financial institutions will need to declare the financial details for their clients to their clients tax authority.
We have software to help with the collation of these tax residency declarations from the financial institutions clients via an online forms system that can be branded. The system can integrates into financial institutions systems (such as a CRM) for Straight through processing. We sell this software with some consultancy to ensure fast and painless implementation.
• Reduce administration
• Straight through processing
• And therefore better data quality
• Flow 247 –as in data flow but ruled out because it sounds like a water firm
• Eoicrm – as in exchange of information customer relationship management. too complex
What ever we get to we’d like a .com but may just add 247 to then if the actual name is not available.
Fingers crossed you can help out, many thanks for reading,
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