labs.STAR - Tax Reporting

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labs.STAR software solution was developed in order to make the recurring year-end closing operations of investment companies easier. We used our many years of experience with various investment and auditing companies to create a solution that helps our clients meet the high quality standards expected of them in terms of speed, flexibility, security and verifiability.

According to a recent market study, almost 95% of all companies use Microsoft Office-based solutions developed by their own IT departments. Frequently, these solutions have become outdated over the years, and are no longer compliant with both burgeoning legal requirements (in Germany InvStG, UCITS IV, InvRBV) and the principles of proper IT-assisted accounting systems.

In fact, they now require a great deal of time and cost to maintain and customize. It is not uncommon, either, for the expertise to be confined to a few people who, in addition to their other work, also have to take on sole responsibility for maintenance.

labs.STAR supports the user by merging process-relevant data automatically. Both the database of the primary accounting system and an in-house data warehouse solution can be integrated into a supplier system (e.g. SimCorp Dimension, GP3, XENTIS), giving the user the option of refining the imported data.

The data basis thus created is then used to perform the calculations needed for the reports required under tax and investment legislation. The formulae applied in calculating the key ratios are stored securely within the software for subsequent tracking.

labs.STAR gives the customer the ability to change existing rules and add new ones. In a dynamic and fast-moving environment, that makes labs.STAR the ideal solution for pending changes in legislation as well. In the final stage, the data calculated previously in labs.STAR can be presented either simply in Microsoft Excel or on the basis of Business Object Reports.

Key Features


- Performance of the investment fund

- Allocation of income and expenses pursuant to sec. 3 InvStG

- Year-end calculations

- Tax liability calculations

- Gains from shares and interim gains

- Customised analysis

- Daily determination of gains on shares and interim profits, EU-TIS, Ö-TIS, Ö-KEST


- Income and expense statements

- Performance of the investment fund

- Allocation of income and expenses

- Taxation bases pursuant to sec. 5 InvStG

- Presentation of tax calculations

- Determination of profits (tax authorities)

- Securities notifications (WM data)

- Customized reports

- Tax statement reporting

Key Benefits

- Significant reduction of process costs

- Increase in process reliability

- Speed in time critical processes

- Standardisation of workflows

- Quick adjustment to future changes in legislation

- High data security due to relational database

- Audit reliability due to authorisation model

- Multiple language support

Product/Service details

User Suitability (Capital Markets & Investment Mgmt)
Asset Managers, Trading firms, Wealth Managers