ALPHACAT

CRS and FATCA Reporting Engine, to help you get it right, first time.

OVERVIEW

Alphacat is our bespoke reporting tool which enables organisations to accurately prepare the reports which are required by Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS) legislation.

Alphacat simplifies the entire reporting process from data import, data validation and review to reporting and fully automated production of XML reports for submission and further reports for analysis.

THIS SOLUTION IS ALSO AVAILABLE AS A SERVICE FROM TAX SYSTEMS.

HOW WE HELP:

Here are some of the benefits Alphacat brings:

Complete Compliance

We stay on top of all changes by the tax authorities via regular software updates, so you don’t need to spend time responding to changing schemas and reporting requirements.

Successful XML Submissions

With automatic validation checks on your data, as it is imported and converted, you can minimise the risk of rejection.

Reduced Costs

You can avoid expensive development of in-house software and/ or outsource fees and reduce time spent dealing with tax authority queries and corrections.

Expert Support

Our in-house team of experts and help system will support you throughout the entire process, bringing you peace of mind.

KEY FEATURES
Data Import

Alphacat supports a range of data import options. A standard Excel template is provided with the engine. This template clearly describes the data required for FATCA and CRS reporting and the expected format of the data, helping you source the correct data and get the report right first time. Alphacat supports multiple data feeds from different sources as well as manual data entry.
 

Validation and Analysis
  • Validation: Alphacat performs thousands of separate validation checks on the data uploaded to ensure that it conforms to the requirements of the relevant submission schema and receiving tax jurisdiction. Any exceptions are highlighted, with direct access to then edit the individual items affected.
  • Analysis: Visualisations and reports on the content of your submissions, including analysis of the number of reportable accounts and reportable account details, are available to give you comfort that your data is correct and complete before creating the XML for submission.  Reports are exportable as Excel files and in other formats.

Reporting
  • Multiple jurisdiction reporting: Alphacat produces the required XML files for reporting under FATCA and CRS across multiple jurisdictions. Contact us to find out more.

  • Review: Human-readable copies of the data included in the XML are automatically generated by Alphacat, making it significantly easier to review and approve the content of a report prior to submitting it.

  • ApprovalAudit trails are kept through the life cycle of the creation of a submission, including capturing user approval of the content for submission. For added comfort, the ability to approve a report can be restricted to specific users.

TECHNOLOGY PLATFORMS

An independently designed application, utilising reliable Microsoft architecture, created with the sole purpose of providing a cutting edge and robust application. The intuitive design makes the product easy to use and, with the adoption of an enterprise database, all the data is in one place providing greater control and transparency to your FATCA and CRS compliance processes.

THIS SOLUTION IS ALSO AVAILABLE AS A SERVICE FROM TAX SYSTEMS.