Case Studies / SAVCA SARS solution

Synthesis was able to assist the South African Venture Capital Organisation in consolidating their reporting across the group with an innovative cloud solution.

Challenge

We have assisted a number of venture capital organisations in rapidly consolidating their Foreign Account Tax Compliance Act (FATCA) reporting without any existing solution in place.

Solution

Synthesis implemented a cloud reporting solution, which provided them and their clients with a template to capture, and eventually, consolidate their data. Once everything was captured, we took care of the highly technical submission process on their behalf.

Results

As a result, they went from being unable to report to fully compliant in just three hours. All their clients were able to submit their reports on time, without massive consumption of internal resources.

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