Ending assumed tax rate distribution with automated and accurate tax rate determination prevents a host of downstream problems that can damage customer...
Tax areas we cover
Xceptor tax processing covers seven key areas of tax management.
Stay on top of tax processes and manage data driven requirements for operational tax efficiency.
Optimize your tax workflows
In a single platform, we deliver end-to-end, automated, operational withholding tax processing capabilities, providing you with a revenue stream and satisfied customers.
Manage intricacies and challenges of complex withholding tax requirements, transaction taxes, and tax reporting more efficiently.
Offer comprehensive tax relief services to more customers, expanding your revenue stream.
Self configure new rules to reduce dependence on other teams.
Seamlessly integrate with your internal data sources and existing applications and centralize the management of your tax operation.
Safeguard your business with a strong focus on control, risk management, and regulatory compliance.
Anand Rengarajan
Managing Director, Global Head of Sales and Head of Asia Pacific for Securities Services
Product enhancements such as the automation of tax processes, which we will look to replicate in other markets, directly benefit our foreign institutional clients such as global custodians, sovereign wealth funds and asset managers by providing faster turnaround times and improved accuracy.
Automated capture, production, renewal, and solicitation of all documentation required to achieve tax relief (via relief at source or tax reclaim).
Watch demoProcess automation including collection, production, and submission of breakdown of holdings on omnibus accounts, tax elections, and withholding statements.
Watch demoEnd-to-end tax reclaim processing, from income payment and reclaim opportunity capture to end payment reconciliation.
Tax information, calculations, documentation requirements, and other data supplied to output channels and upstream systems.
Automated reporting process addressing specific requirements of US 1042-s and 1099 regulatory tax reporting and annual Internal Revenue Service submission.
Rules management automates the process of capturing liable transactions, tax charge calculation, and reporting to clients, tax authority, or withholding agent.
Capture regulatory alerts and manage regulatory change through a structured workflow, including production and distribution of market updates to end clients.
Challenges ahead
Representing new risks for any financial intermediary wanting to remain competitive while offering tax services.
Intermediaries are expected to facilitate tax relief services for their customers and accurately handle trading data, and income generated from financial assets, in a timely and compliant approach.
Success depends on an ability to access reliable and trustworthy data and solutions that are enterprise grade, reliant, and scalable.
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Industry focus
Understanding evolving market needs and constant regulatory change, we help financial institutions convert fragmented data into trusted, reliable sources.
We have a range of industry leading products, built on the strength of our highly configurable data automation platform.
Our capital markets operations product supports automation and modernization of your post-trade operational processes.
Automate simple to complex reconciliations end-to-end, providing greater data transparency, accuracy, and control.
Our tax processing product enables end-to-end, automated, operational withholding tax processing capabilities.
Get our expert insights and resources to learn more about automating asset management processes, data management and how we’re supporting financial services transformation
Ending assumed tax rate distribution with automated and accurate tax rate determination prevents a host of downstream problems that can damage customer...
The automated capture, production and management of tax reclaims have transformed the tax reclaim process from income payment to credit of reclaims.
Why you should prioritize providing a withholding tax relief at source service to your customers.