INEUMconsulting Luxembourg and Ucronik Solutions join forces for the integration of SaveTax in Luxembourg

Geneva - 20 October 2006

INEUMconsulting Luxembourg and Ucronik Solutions are joining forces for the integration of SaveTax in Luxembourg. SaveTax is a software for fiscal calculation, reporting and simulation developed by Ucronik Solutions.

Ucronik Solutions, creator of SaveTax, and INEUM Consulting Luxemburg, a major actor in strategic and operational consulting, have decided to join forces to launch SaveTax, a software solution for fiscal calculation and reporting in Luxemburg.

SaveTax is a software solution which performs fiscal calculation, fiscal simulation and fiscal reporting targeting financial institutions. Its flexibility as well as it ease of exploitation allows users to process multi-country tax systems through a single point of entry. Financial institutions can automate some of the fiscal processes that are currently performed manually for their customers, resident or non-resident.

"We observe that more and more banks are looking for integrated solutions allowing them to automate the production of fiscal statements for their residents or non residents customers" Jeanne Baur, CEO Ucronik Solutions SA. "We developed our software with that in mind. Through a very simple front end, banks can integrate and maintain country specific fiscal rules. Once the parameters are set, SaveTax derives fiscal elements impacting customer’s wealth. Banks have an automatic tool which helps them respond to customer demand to provide onshore or offshore fiscal services."

"We are pleased to join forces with INEUMconsulting to launch SaveTax in Luxemburg. INEUMconsulting will bring its resources and its knowledge of the Luxemburg market to make sure the launch of SaveTax in Luxemburg is a success."

"Banks’ onshore and offshore customers are demanding comprehensive fiscal services as part of their standard offer. In order to contain the costs of delivering such services, they require a fully integrated software solution which interacts with their banking software. SaveTax is an innovative solution which is very effective for managing multi-country tax systems and automating the production of tax statements. " Eric Crabié, Partner INEUMconsulting Luxemburg. "We are really looking forward to this partnership, which give us the possibility to offer a concrete solution to meet the demands of our customers in term of fiscal services. "

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