
GBST launches market-first digital tax reporting platform with foundation client NAB Asset Servicing
This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information on Premium features.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information
Speak with an analyst
Financial institutions and their advisors can subscribe to our Analyst Access* service. Effectively phone or (email) a friend you can have on tap advice and support provided by our analysts on this vendor, solution or solution category.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features
or contact us to discuss a subscription.
Subject to reasonable use.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us to discuss a subscription.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
You can activate this feature with a VendorMatch Premium subscription. Please click here for more information on Premium features or contact us to discuss a subscription.
To learn more about subscribing to our service options, please contact us here
NAB Asset Servicing (NAS), has partnered with global financial technology provider GBST (ASX: GBT) to implement a market-first digital tax reporting platform.
This partnership will support NAS, one of the largest custodians in the Trans-Tasman market, who provides custody, back office and middle office services for Australian superannuation funds and investment trusts, with the preparation and analysis of tax data for Australia Taxation Office (ATO) reporting.
GBST’s TaxIntell platform addresses one of the biggest administration challenges facing Australian superannuation and investment trusts and their tax advisers.
It brings together a true ’Taxation Book of Records’ for calculating and producing investment tax results and is the only solution of its kind which allows funds, custodians and investors to collaborate via a secure and auditable online portal and drill down to source data for full transparency.
The digital interface, built on GBST’s Catalyst framework, supports data collection, validation and straight-through submission to the ATO.
GBST offers a suite of specialised tax solutions to support funds in this growing and highly valuable area and was mentioned in the recent Productivity Commission super report for their provision of tax solutions for leading funds such as Australian Super, Mercer and UniSuper to help optimise their tax management.
Executive General Manager, NAB Asset Servicing, John Comito, said “The selection of the TaxIntell software was another example of Asset Servicing putting the customer experience first, incorporating industry leading technology to address the changing needs of their clients.”
“The platform is the first of its kind in our industry and we look forward to sharing it with our clients who use our tax reporting services. Our clients will have access to an intuitive digital portal, with dashboard views of their data. The new level of transparency in viewing transactional tax data will enable our clients to actively monitor and report on their investment portfolio, which is critical in the current challenging economic environment,” Mr Comito said.
Robert DeDominicis, GBST Chief Executive Officer and Managing Director, also commented:
“NAS play an important role in the wealth sector and we’re delighted they’ve chosen our platform to support their tax analysis and reporting requirements. Our tax and technology specialists will be working closely with them on this unique project and we look forward to helping them establish an industry-leading tax reporting approach.”
“With funds under pressure to improve service and returns, getting tax reporting right can unlock significant time and cost savings so they can focus on their customers. We’re investing in our tax solutions and working with many leading funds, custodians and trusts to help them innovate in this area,” said Mr DeDominicis.