fb Tax Data Exchange
A FATCA & CRS xml reporting solution for financial institutions of all sizes around the world: Online or on premises to suit your needs
COVID-19 : Our Reporting as a service, and installed software options continue to operate normally.
Flyingboat Tax Data Exchange makes CRS & US FATCA reporting easy for any size and type of financial institution anywhere in the world, available as installed software or Reporting as a Service. Tried and tested since 2015 with a host of unique features including real time data validation, data visualisation and on demand software update, Flyingboat Tax Data Exchange sets the standard in tax reporting.
As used by Banks, Fiduciaries, Investment Managers & Stock Brokers, Futures Traders, Fund Administrators, Pension providers in fact just about any type of financial services business all over the world.
Reporting as a service
Cost effective & easy to use
Installed software
For convenience & automation
Integrate with enterprise systems
For push button reporting
Creating CRS & FATCA xml files with Flyingboat-Tax Data Exchange
Flyingboat Tax Data Exchange is a US FATCA and Common Reporting Standard reporting solution. Available as software you can install in your business, or as a convenient to use secure online service, Flyingboat Tax Data Exchange generates the XML files any financial services requires to file with their tax authority.
Tried and tested since the inception of US FATCA reporting Flyingboat Tax Data Exchange has been used to generate thousands of XML files that have been submitted to tax authorities around the world.
Reporting as a service
Our online reporting service is fast, efficient and cost effective:
- Populate our data collector spreadsheets - our checker app validates as you go
- Upload to our portal & await processing complete notification
- Download xml file and detail report
Review, authorise and submit
Software installed in your business
For higher volumes of reporting and for organisations thinking strategically, an installation of fb-TDE within your IT infrastructure is usually the preferred option. You can deploy fb-TDE is a single software hub to consolidate your multi jurisdictional tax reporting data in one place, or have multiple installations where ever you need them. The software is powerful, yet easy to deploy, use and manage. Point and click enterprise data integration eases data acquisition.
Simplicity at heart
- Import data from your Enterprise System through our data integration module, from spreadsheet template or even by manually entering data
- Data is validated as you go – highlighting errors and warnings - make any amendments required
- Review and Approve – multiple approvers, specific approvers - you choose your regime
- Generate XML file & submit to the tax authority
- Record submission confirmation details
Installed Software Key Benefits
- Ease of use
- Multi Jurisdiction Reporting
- Multi Reporting Financial Institution Reporting
- Data Validation in real time
- Approval & Submission Control
- Progress Dashboards
- Instant update for jurisdictional rule changes
- Data Integration with Enterprise Systems
- Data Management Tools
- Multi Layer Approval & Audit Trail
- Report Amendment function
- Supports – we’re here to help you all the way
- IDES Packet Assembly
- Support electronic filing for US domestic FATCA form 8966
- Proven since 2015
- Country separation, Report combination
- Multi national user base
Reporting as a Service Key Benefits
- Ease of use
- Best for low to medium volumes, single to many RFI’s
- Multi Jurisdiction Reporting
- Multi Reporting Financial Institution
- Data Validation in real time
- Super support service from our experienced team
- Self Service Tools
- IDES Packet Assembly
- Amendments Service
What’s new
AEoI Reporting: CRS & FACTA xml files
fb-TDE 2020 - Is available now with new features and updates. We've added more reporting options for generating alternative views of reporting data for CRS Audit, reconciliation and other purposes. We're also extending the automated Correction and Ammendment functionality.
There's plenty of other detail changes added in response to user feedback.
Data Integration
Out of the box data integration. Let your database administrators connect fb-TDE to your data sources and pull the data directly into the software.
Data transformation tools.
Integrations with fiduciary software packages - 4Series, Unity, ViewPoint and naturally our own Flyingboat Wealth Management Software.
By Country Report Separation
Some jurisdictions like the Cayman Islands require separate files to be submitted for each ultimate destination country.
This saved one client the job of dividing one substantial Fund RFI report into 22 separate XML files.
Report Combination
Some jurisdictions require that where a business has many Reportable Financial Institution entities either as part of its group or on a managed or sponsored entity basis, that the individual reports are combined into a single XML file.
Amendments Service
We have extended our software and service to enable amendments to be made to XML files that were generated by other systems. Contact us for more details.
Partners
Flyingboat Tax Data Exchange represented in Switzerland by Amexsys