FATCA IDES Reporting Tool
All Financial Institutions (FIs) that have signed a Foreign Account Tax Compliance Act (FATCA) agreement with the U.S. Internal Revenue Service (IRS) will have to transfer relevant business data to IRS’ International Data Exchange Service (IDES) periodically.
Process your FATCA IDES data periodically in an easy and secure way with Activants FATCA IDES Reporting Tool.
A complete solution for FATCA IDES compliance
Activants FATCA IDES Reporting Tool is a complete, one stop solution to help financial institutions create encrypted data package that can be uploaded to IRS’ International Data Exchange Service (IDES) to fulfil their FATCA reporting obligations. Our solution also decrypts the encrypted notification from IRS to reveal the result of the data package transmission.
Activants FATCA IDES Reporting Tool is simple to use and comes with cryptographic features that meet the U.S. Internal Revenue Service’s requirements. Other features include certificate and key configuration, creation and preview of financial data, generation of validated XML data file, and creation of metadata for file delivery.