CRS View has launched TrustVantage, a piece of software that automates trust company and fiduciary compliance with global tax information exchange rules such as FATCA and the OECD's Common Reporting Standards.

The idea of TrustVantage is to simplify the increasingly complex job of providing fiduciary services in the face of new tax and reporting requirements.

Trust companies and corporate administrators in jurisdictions that are adopting CRS early on ought to be ready to comply with the new standard by 1 January 2016 and to produce reports that exchange information for the calendar year 2016 automatically.

The software package is priced as a subscription on a per-structure administered basis, so fiduciaries can access a platform at a cost tailored to their size.

It also helps with business intelligence, document management, AML/KYC monitoring and CRM/marketing.