NEWS & VIEWS
FSL’s Offshore Reporting Funds service continues to gain momentum as more financial institutions realise the potential of this value added service.
During the last 12 months our client base has increased three fold. All of our existing clients have made the decision to take our service again and many new clients signed too, including one of the UK’s top five accountancy firms.
This year is already proving to be very successful, with interest from several new clients for whom the requirements gathering stage is in full swing. Our Data Team is continuing to expand its database of and relationship with fund manager contacts, adding to the effectiveness of the service offered. We have also developed processes which see FSL included in fund manager mailing lists, enabling us to obtain new data and amendments in a more efficient and timely manner.
In addition to this, further development has been undertaken with a new CGiX XML import and our data provision has expanded to include currency conversions, daily equalisations and asset breakdown.
Another area of the consultancy service which continues to grow is the financial asset analysis for Capital Gains and Income Tax purposes. In the last year our client base has doubled and several have signed up for multi-year deals.
Our tax expertise and data consultancy service is proving invaluable for our clients, enabling them to provide accurate and validated tax data.
If you require any further details, please contact our Data Team at ORF@financialsoftware.co.uk.