UK-based Trace Financial is to integrate its corporate actions mangement system (Cams) with the Global Tax Reclamation System (GRTS) from tax solutions vendor Goal.
Trace Financial says it has forged a working partnership with Goal to extend levels of automation in corporate actions workflow processing.
Goal's flagship GTRS package automates the process of reclaiming cross-border withholding tax on securities earnings, a crucial part in the cycle that is managed and controlled by Trace Financial's Cams software.
Stephen Everard, managing director, Goal, says: "It is a logical working partnership both in terms of introducing greater efficiencies into the securities management cycle and in terms of company values."