Control workflow, regulatory compliance, payment and settlement of balances for specific tax requirements
Transaction Tax Manager houses three core pieces of functionality that solve different, but similar tax problems.
Choose to license each module separately. Alternatively gain full control with all three modules.
Address specific operational needs by easily adding on modules:
Reduce payment costs. Facilitate bulking/netting. Generate messages in formats acceptable to multiple gateways and banks. Immediately identify if payment messages have been processed. At the same time enhance customer service.
Increase straight through processing and reduce time spent entering and validating standard settlement instructions (SSIs) each time a payment is made. Standardise the formatting and exchange of SSI information.
Choose to add SSI Repository as a complimentary module to the Payments module or as a stand-alone module.
Facilitate bulking, netting, control and reversal. Receive ledger balances updates. Generate messages in formats acceptable to multiple ledgers. Immediately identify if posting messages have been processed.
Profit and Loss
Get a detailed view of your P&L. Calculate profit and loss arising from dividend events. Take into account stock loan borrow transactions, depot and market claim transactions and book postings. Allocate the difference between amounts received and paid between tax elements and profit & loss.
Detect updates to positions and trigger updated P&L calculations. Predict and record date estimates, adjusted for taxes. Track over borrowed positions prior to their record dates.
Get set up quickly
Transaction tax manager is a ready-made solution, readily available, is adaptable and can be implemented within a month.
This means in no time your global tax payables and receivables will be automatically captured and processed so you can concentrate on your core business activities.
To learn more about our Transaction Tax Manager solution please Contact Us now.