Implementing FATCA, AEOI & Co efficiently and sustainably
iBS Foreign Account Identification & Reporting (iBS-FAIR) is a SAP-based, flexibly scalable tax compliance solution to cover the requirements of FATCA and CRS. It is integrated in SAP Business Partner Screening expanding the application without modification with a new "Tax Compliance" screen.
Benefits
Reduces Risk and Efforts
iBS-FAIR is a modern, flexibly scalable tax compliance solution. By using a modular design, the software can be easily extended to map different sets of rules for different AEOI regime. iBS-FAIR is used since 2014 by various financial institutions of different sizes and business focus.
Content Modules for Fast and Easy Implementation of Different AEOI Regimes
The processes and functions for categorization and reporting under US-FATCA and CRS can be licensed modular as iBS-FAIR content. Future adjustments on FATCA, CRS and new regulations are provided by the iBS as part of the product maintenance or as new content modules.
Flexible Integration
iBS-FAIR can be integrated into heterogeneous system infrastructures with low effort due to a modern, service-oriented architecture. For SAP Banking, iBS provides ready-to-use integrations.
Perfect Fit for Institutions of All Sizes
iBS-FAIR is designed to suit the needs of single institutions, as well as of different institutions within a group. Build on modern, scalable SAP technology, the software features multi-client capability, efficient mass data processing and supports multiple currencies and languages.
Features
SAP Business Partner Screening integration
The standard integration in SAP Business Partner Screening expands the business partner application with a new "Tax Compliance" screen, this is done without modification using the expansion options of the Business Data Tool set (BDT).
FATCA and CRS categorization
Processes for the identification of reportable persons and for the determination of the tax category for natural persons as well as for legal entities for use for existing and new customers / accounts according to FATCA and CRS.
FATCA and CRS reporting
User interfaces for FATCA and CRS message processing and processes for preparing the data as well as for creating XML files according to FATCA and CRS XML schema.
Plans and pricing
Access to iBS Demo Installation
Guided Test of the Software on an iBS Demo System
- Minimum contract 1 month
Guided Test of the Software on an iBS Demo System
Customer reviews
Technical Information
| Solution type | Extensions and Add-ons |
| Category | Tax and Trade Management |
| Industry | Insurance, Banking |
| Works with |
SAP S/4HANA Cloud Private Edition |
The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
| Deployment |
|
| Globalization |
|
| Operations |
Auditable logging and tracing This product offers auditable logging and tracing capabilities to aid in debugging and troubleshooting. |
Resources
iBS-FAIR Product Report (EN)
iBS-FAIR Product Report (DE)
iBS-FAIR Success Story - Deutsche Postbank AG (DE)
iBS-FAIR Product Website (EN)
iBS-FAIR Produkt-Webseite (DE)
Publisher
Accenture Banking Software Suite GmbH
iBS - Innovative Banking Solutions AG is a leading manufacturer of SAP-based standard software for banking. Since 2000 we provide comprehensive standard software for meeting regulatory requirements, managing risks, ensuring tax compliance and portraying business processes of specialized banks.
