Streamline your operations with EFI's DocuTax
EFI’s DocuTax is a straightforward and efficient application, that simplifies the tax documentation journey for you and your customers.
The rule-based software, built and maintained by EFI’s leading industry experts, ensures the accurate collection, validation and processing of forms covering Qualified Intermediary (QI) and Automatic Exchange of Information (AEOI) regimes. This includes FATCA/CRS self-certifications, as well as U.S. IRS W-Series forms included in the U.S QI reporting regime.
DocuTax helps transform manually intensive operations and enables straight through processing of forms, allowing your specialist resource to focus on other areas of risk instead.
Reduce complexity & enhance user experience
DocuTax is a user-friendly application designed to guide customers completing complex tax forms, helping them get it right first time. The following forms are covered:
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W-8BEN
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W-8BEN-E
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W-8IMY
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W-9
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FATCA/CRS Self-Certification forms for individuals and entities
Minimise risk of non-compliance
DocuTax significantly improves the reliability of your data by reducing reliance on manual data entry. The app also validates data as it is entered by the customer preventing the collection of incorrect data, such as invalid TIN formats.
Easily extractable documentation helps support compliance and audit processes, keeping track of each customer’s form history.
Reduce your operational cost
DocuTax reduces the amount of operational effort required to process forms and Straight Through Processing increases speed and efficiency, freeing up internal resource to focus on the areas of highest risk.