National Australia Bank (NAB) Asset Servicing has launched a new tax solution called TaxEdge.
The new product has been set up to help clients manage their after-tax investment outcomes and meet their regulatory requirements. TaxEdge also provides clients with an in-depth understanding of the tax issues affecting their companies along with solutions to address them.
TaxEdge encompasses various client offerings including accounting and tax compliance, unit pricing control, and analytics, as well as the newly formed partnership with GBST Holdings for the pre-trade tax analysis tool.
NAB Asset Servicing partnered with GBST earlier this year to strengthen its tax and accounting offering to custody clients through GBST’s Pre-Trade Tax Analyser tool.
Peter Hele, managing director of product and strategic alliances at NAB Asset Servicing, said: “Taxation is the single largest expense and the most complex regulatory requirement for Australian funds. TaxEdge solution can help clients’ finance, investment and operations teams to better understand the taxation issues within their organisation and equip their management teams with the information and tools they need to manage taxation and alert stakeholders to areas of risk.”
