See how much your company
could save with AI-driven automation.
Quick Start Presets
Select a company size to auto-fill typical values, then customize as needed
Module Selection
Entities
Number of Entities
Number of Entities
Your net savings could be as much as
$0.00/year0% volume discount applied
Your entity cost
$0
WealthComply
$0
Time spent
0 hrs
Time saved
0 hrs
Senior management savings ($)
$0/year
Senior contributor savings ($)
$0/year
External cost savings ($)
$0/year
Fines savings ($)
$0/year
Routine work / per entity basis
Routine FATCA & CRS - senior contributor
Classifying
Typically the workflow takes 1 hour. In small organizations this work often done by senior management, which is why the default value is "0" for Contributors and the time of Senior Management is set much higher
Classifying
Typically the workflow takes 1 hour. In small organizations this work often done by senior management, which is why the default value is "0" for Contributors and the time of Senior Management is set much higher
Identifying reportable persons
Identifying reportable persons
Data validation / review (financials, addresses etc.)
Data validation / review (financials, addresses etc.)
W8-forms (per bank account / change...)
Often multiple times per year
W8-forms (per bank account / change...)
Often multiple times per year
Preparing XML
Preparing XML
Rework (errors, confusion, remediation)
Reviewing historical data
Rework (errors, confusion, remediation)
Reviewing historical data
Routine FATCA & CRS - senior management
Classifying
Typically smaller firms may have more high-value and complex structures, thus increasing the time time taken for these tasks and which usally invole senior management. Conversely, in firms with larger numbers of entities, the proportion of such entities dimishes
Classifying
Typically smaller firms may have more high-value and complex structures, thus increasing the time time taken for these tasks and which usally invole senior management. Conversely, in firms with larger numbers of entities, the proportion of such entities dimishes
Identifying reportable persons
Identifying reportable persons
Data validation / review (financials, addresses etc.)
Data validation / review (financials, addresses etc.)
W8-forms (per bank account / change...)
Often multiple times per year
W8-forms (per bank account / change...)
Often multiple times per year
Preparing XML
Preparing XML
Rework (errors, confusion, remediation)
Reviewing historical data
Rework (errors, confusion, remediation)
Reviewing historical data
Tax authority audit
Prep, meetings, emails
Senior management are inherently involved in smaller firms
Prep, meetings, emails
Senior management are inherently involved in smaller firms
Other related internal meetings & emails
Other related internal meetings & emails
Fines
Paying fines - per fine
Typically 1 in 120 entities incur fines
Paying fines - per fine
Typically 1 in 120 entities incur fines
% of entities fined for
% of entities fined for
Consulting
Typical base cost (fixed)
Classification ~20%, W8-forms guidance ~10%, Data Validation/Review ~25%, XML report preparation ~25%, Training ~10%, Procedures ~10%
Typical base cost (fixed)
Classification ~20%, W8-forms guidance ~10%, Data Validation/Review ~25%, XML report preparation ~25%, Training ~10%, Procedures ~10%
Then circa per entity cost of
Then circa per entity cost of
XML preparation
External XML preparation provider per entity
Typically firms pay $100+ per entity
External XML preparation provider per entity
Typically firms pay $100+ per entity
% of entities that are reporting
Typically this is ~60%
% of entities that are reporting
Typically this is ~60%
Adhoc work (probabilistic, annual)
Tax authority audit
Related meetings & emails
We find on average 7% of entities involve senior management time
Related meetings & emails
We find on average 7% of entities involve senior management time
Addressing any fines
Typically we find exclusive/heavy Senior Management involvement. Time taken can vary significantly depending on reason for the fine and its severity
Addressing any fines
Typically we find exclusive/heavy Senior Management involvement. Time taken can vary significantly depending on reason for the fine and its severity
Expert leaves the business
External recruiter fees
What we see is $25k (25% of annual SME FATCA/CRS experts... (only for 1,000+ entities)
External recruiter fees
What we see is $25k (25% of annual SME FATCA/CRS experts... (only for 1,000+ entities)
Probability of needing succession planning in a year
Typically people change roles every 4 years. Medium firms often hope to grow - they'll then need an internal expert.
Probability of needing succession planning in a year
Typically people change roles every 4 years. Medium firms often hope to grow - they'll then need an internal expert.
Compliance review
Reviewing and ensuring FATCA & CRS compliance. Sample size x 30 mins.
Typically 30 mins per entity in compliance sample. Typically can involve constructing data extraction programmes
Reviewing and ensuring FATCA & CRS compliance. Sample size x 30 mins.
Typically 30 mins per entity in compliance sample. Typically can involve constructing data extraction programmes
IT - data extraction
Data for reporting and tools
Typically can involve constructing data extraction programmes and mapping system fields to the xml template. Smaller firms will tend to populate xml templates manually
Data for reporting and tools
Typically can involve constructing data extraction programmes and mapping system fields to the xml template. Smaller firms will tend to populate xml templates manually
Rates
Senior contributor's billable rate p.h.
Typically...
Senior contributor's billable rate p.h.
Typically...
Management billable rate p.h.
Typically...
Management billable rate p.h.
Typically...