Leading software for relief at source & reclaim of foreign withholding taxes
Processing foreign withholding taxes is bureaucratic and time-consuming
RaQuest accelerates the entire process significantly and is particularly reliable due to the high degree of automation. From the initial data import to the update - RaQuest takes care of this tedious and complex process for you in a largely automated way.
Risks due to missed deadlines, breaches of rules or manual errors are eliminated. The process costs are considerably reduced with increased process quality.
RaQuest releases your customers from double taxation automatically and in the fastest way
Increase of customer satisfaction through extended service offer
With RaQuest, banks and service providers can offer their customers relief at source and withholding tax reclaim as an attractive service. In this way, you can increase customer satisfaction and transparency and reduce reimbursement periods at the same time.
Turn your cost center into a profit center
Not only your customers benefit from your withholding tax service. With RaQuest you reduce process duration/-costs and makes your cost center a profit center.
RaQuest bundles the entire special knowledge of withholding tax
The successful processing of withholding taxes is a complex procedure that requires the continuous monitoring of regularly occurring changes in the law. RaQuest was developed from practical experience in close cooperation with leading market participants from the financial industry and is constantly being further developed.
The software contains the collected withholding tax knowledge of our customers, packed in a user-friendly interface. Thanks to numerous functions, your work processes can be largely automated, fast and flexible.
Highest possible process coverage for all customer groups
Relief at source: From customer certification, event messages, instructions, stock identification to cost allocation.
Reclaiming: From performance audit, preparation of applications in accordance with the rules, complete process management up to cash out.
Reduction of process duration and process costs
Due to extensive automatisms for document creation, monitoring, notifications, check-out and reporting, time-consuming administration is considerably reduced.
The largely automated process enables mass processing of applications and certificates. This increase in efficiency turns your tax department into a profit center and reduces process costs by up to 80%.
Compliant with regulations
National requirements and specifications of supported domiciles, investment markets and depository-related procedures are taken into account by the software and kept up to date
RaQuest is suitable for every bank and can be easily integrated into the existing system environment. We offer you a software which is already operated with the simplest hardware and a user-friendly interface. Users can work independently with the software after a short training period.
Our software has already been successfully in productive use at major banks for over 13 years. This makes RaQuest a field-proven and future-proof solution.
About 25% of the Swiss applications submitted from Germany are prepared by RaQuest. Several thousand applications and forms can be created per day.
Never before has an application, made with RaQuest, been rejected (due to technically incorrect content) - and that with about 50,000 applications per year.
RaQuest checks if minimum returns are undercut, calculates arising fees and decides if an execution is possible.
Compliance with deadlines is guaranteed with RaQuest. Based on the incoming data, the resulting deadlines are automatically recorded, reliably monitored and reported.
In RaQuest clients from different domiciles with different currencies can be served centrally.
RaQuest supports different customer domiciles. For each domicile, the software independently ensures the corresponding applicable rules.
Due to the multilingualism of the software and multi-currency-ability, RaQuest is perfectly suited for international use.
RaQuest supports transparent constructs, even with shareholders from different domiciles.
RaQuest meets requirements of audit-proof archiving and compliance with features such as principle of dual control, historization, data view separation etc.
Connection to core banking systems
Interface options to various core banking systems (Avaloq, Temenos, GEOS, Olympic and many more) and experience in connecting proprietary systems.
Structured interfaces and reporting
The integrated dashboards with comprehensive search and filter functions allow the status of each claim to be tracked at a glance and numerous reports and ad-hoc analysis to be generated.
of all German applications submitted to the ESTV come from RaQuest
Application procedures are integrated in RaQuest
from automated application to the creation of the print-ready application
The collaboration was great. Everyone had the same goal in mind and was committed, motivated and enjoyed their work. This made the work extremely solution-oriented and built up a high level of trust. Thanks to the enormous expertise, the success of the project was guaranteed, despite the time pressure.
Senior Officer Tax Operation/Services, DZ PRIVATBANK
Benefit from our deep withholding tax know-how
We provide you with comprehensive support in determining the optimal fee model, analysis of the business case and consulting in the area of withholding tax.
Halvotec supports you comprehensively in central questions such as the strategy for an optimal fee model and the determination of the business case.
It is only a few steps to the implementation of RaQuest and thus to the efficient processing of withholding taxes. Benefit from our many years of experience in consulting and project management. Rely on a competent and transparent implementation process.
Detailed requirement workshop for the use of RaQuest in your company
Extensive potential analysis for business case and fee model
Practical process and project consulting for optimal withholding tax processing
Efficient introduction of RaQuest with competent project support
Support during the productive implementation including user training
DigiTIZATION IN BANKS
Remain Future-proof with process management
Banks are under enormous competitive and cost pressure. To be able to react quickly to changing market and customer requirements, business processes must be optimized and automated.
Business Process Management (BPM)
Robotic Process Automation (RPA)