Manage FATCA & CRS obligations with ease

Operating in a global economy means complying with AEOI agreements. Sovos Tax Information Reporting – AEOI streamlines AEOI reporting in more than 100 countries.

Save time and money by streamlining AEOI reporting in more than 100 countries.

In an unparalleled display of transparency and cooperation, governments around the world are signing agreements to automatically exchange financial information reported by key businesses – particularly financial institutions. The goal: curb tax fraud and maximize tax revenues.

The Automatic Exchange of Information (AEOI) agreements include:

  • The Foreign Account Tax Compliance Act (FATCA)
  • Common Reporting Standard (CRS)

Agile, centralized, tailored solution

Little to no IT involvement

Adapts to your source systems and processing requirements

Flexible deployment options, including SaaS, on-premise and hybrid

Accurate and accessible data management interface

Connect data from multiple systems with flexibility in importing, mapping and reporting

Necessary data in virtually any format is quickly validated and transformed into compliant AEOI reporting

Automatic data correction prior to reporting

Automatic alerts on changing account statuses ensure you follow appropriate jurisdictional rules

Updated and accurate compliance for every jurisdiction

Automatic updates of new rule changes, no matter how frequent

Easily validate jurisdictional requirements and track reporting deadlines throughout the year

The highest security standards and bulletproof audit response

Dictate user access and administrative privileges

Create an airtight audit trail

Easily monitor and demonstrate compliance

Guarantee security with dual secure backups, third-party penetration testing and biometrically guarded data centers with cutting-edge data-at-rest encryption

“The main benefit of the Sovos tool is that it’s designed to take the data in any form, so it does not map the data to the tool; the tool maps to the data. This saves time and makes everything easier.”

Stuart Sardo

FATCA and CRS manager, ZEDRA