It is that time of year again, Reporting Season. The most dreaded and time bound period of the Tax year that has tax operations departments of financial institutions and service providers around the world wishing for more hours in the day and days in the week. It is in times like these that we review how effective our current systems are and contemplate whether a better solution exists. A solution that would make the reporting process more efficient, more accurate and more cost effective.
Here at TAINA we are continuously working hard to transform regulatory compliance into a competitive advantage for financial institutions. In the team we have decades of experience and first hand understanding of the cost and the risk of regulatory compliance. TAINA's fully flexible and robust platform revolutionizes the way people manage FATCA and CRS compliance, and empowers financial institutions to automate and streamline their compliance with FATCA and CRS.
Our customers have shared with us that TAINA’s platform has reduced rejection rates by 85%, increased efficiency with a 75% faster validation process, cut costs by 84% per form, freed up over 40% of the operational tax experts and has transformed the end investor/customer experience. Reporting periods have become more manageable and predictable. What were once significant events that caused a massive peak in activity have become smoother and less demanding. Machines and systems are now doing what they do best, and their tax operation and customer service experts are able deal with the more valuable activities rather than just surviving and being data processors.
We would love to hear about your challenges and questions during the busy reporting season. We appreciate any insight, observations, or ideas that you have whilst they are fresh in your mind so we can continue to be the best-in-class solution provider by including them in future releases.
TAINA’s platform is continuously growing and evolving to include the best of breed capabilities. We have many ideas and up-in-coming capabilities that we would love to share with you too as well as what we have today out of the box.
We wish you a Happy reporting season...