Overview

Altova CbC Reporting Solution is built on the MobileTogether framework, which allows for the creation of data-centric applications for both desktop and mobile devices. This solution provides a secure, cloud-based platform that can be accessed instantly without the need for software installation. Users can choose between US or EU-located datacenters to comply with regional regulations. The primary goal of the CbC Reporting Solution is to shield users from the complexities of XML syntax. It achieves this by offering an intuitive web interface and an Excel template for data entry. Users can manually enter data via the web interface or upload data using the provided Excel template. This flexibility ensures that financial professionals, who may not be familiar with XML, can still generate accurate and compliant reports.

Features

• User-friendly interface: The solution provides a web-based interface that guides users through the data entry process. Each field is clearly described, required fields are highlighted, and drop-down menus are populated with valid entries to ensure accuracy.
• Excel template: For large multinational companies with extensive data, the solution includes an Excel template that allows users to define recurrent reporting data. This template can be uploaded to the system, simplifying the data entry process.
• Automatic XML generation: Once the data is entered, the solution automatically generates the CbC report in XML format, compliant with the OECD's XML Schema definition. This automation reduces the risk of errors and ensures that the reports meet regulatory standards.
• Data validation: Built-in data validation and error flagging occur at multiple steps in the process, ensuring that the data entered is accurate and complete before the XML report is generated.
• Correction reports: The solution can generate correction reports in XML format, allowing users to make amendments to previously submitted reports as needed.
• Secure cloud platform: The CbC Reporting Solution is hosted on a secure cloud platform, providing robust data protection and compliance with regional data privacy regulations.
• On-premises option: For organizations that prefer to host the solution internally, an on-premises installation option is available. This allows companies to customize the installation to meet their specific internal requirements.
• Multi-version support: The solution supports both Version 2.0 and Version 1.0.1 of the OECD CbC XML Schema, allowing users to generate reports based on the required version.
• Accessibility: The solution is accessible via a standard web browser, making it easy for users to access and use the system from any location.