Newgen Software announced that it deployed Automatic Exchange of Information (AEOI) platform at Barbados Revenue Authority for automating its country by country (CbC) reporting process.
The cost-effective Newgen CbC solution has integrated touch points to enable reporting. “With this solution in place, we would be able to leverage industry best practices and stay on top of a rapidly changing regulatory environment,” Anthony Gittens, senior manager, Policy, Planning and Governance, Barbados Revenue Authority.
Newgen said its CbC solution features easy to deploy process templates, self-registration capabilities, and highly descriptive reports. Barbados Revenue Authority will benefit from flexibility of the solution to adapt to any regulatory changes and remain compliant.
In addition, Newgen said its COE team scans and checks updates for regulatory guidelines and evolving best practices to ensure that current and future compliance requirements are met.
“Newgen’s solutions aim to deliver customer-centric services at optimized cost. Barbados Revenue Authority can deliver better services and achieve greater transparency using our CbC solution,” Diwakar Nigam, MD and Chairman, Newgen Software.