How to successfully manage a short IT development cycle of AEOI software

Background

In June 2019, the Ghana Revenue Authority (GRA) and the Ministry of Finance of Ghana selected our Multi Data Exchange Solution (MDES) as the preferred AEOI software solution. The project included the implementation of two AEOI modules supporting the automatic exchange of Common Reporting Standard (CRS) information and the Exchange of Information on Request (EOIR). At the moment of signing, the GRA had less than three months before September 30th, the annual CRS deadline to exchange information with other reportable jurisdictions.

Challenges

  • Overcoming legislative and organizational hurdles to achieve compliance with AEOI requirements
  • Working efficiently with a project team that was scattered throughout the world: Ghana, UK, Curaçao
  • Quickly approaching reporting deadlines for CRS