Tech Lowdown: Tax incentives, FX payments and GDPR tool

Tech Lowdown
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Welcome to our weekly round-up of the latest news and updates from the accounting tech world. 

This week, Tech Lowdown features new R&D and GDPR tools and AccountsIQ’s new partnership with TransferMate Global Payments.

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Ayming launches R&D international comparison tool

Ayming’s R&D tool, known as The Benchmark, compares different tax incentives across different countries to help international businesses to decide where to undertake R&D.

At the moment, Ayming supports comparisons of the international R&D tax credit landscape across 14 major countries and it is working on the introduction of seven more.

The Benchmark provides a visual overview that it is based on tax relief generosity along other multiple factors, including deadlines for tax relief payments, ease of application and levels of scrutiny. The company has explained that all the data will be updated annually for accuracy.

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Shred-it launches self-service tool GDPR Manager

Information security company Shred-it has launched GDPR Manager, a self-service tool aimed at supporting businesses that haven’t completely updated their procedures by providing them with a clear pathway to achieving compliance.

The tool has been developed in collaboration with GDPR legal teams, following guidance from the ICO. GDPR Manager guides users through a six-step process, from initial assessments to creating a manageable action plan. Users also have access to information regarding best practice, analysis tools and a library of policy and procedural templates.

The new tool has been launched following Shred-it’s recent State of the Industry Report, which concluded that 22% of small business owners are unaware of GDPR’s implementation, and that just 39% of large organisations had updated their procedures for detecting, reporting and investigating a data breach.

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AccountsIQ partners with TransferMate Global Payments

AccountsIQ has partnered with TransferMate Global Payments, the global B2B payments technology company partly owned by AIB and ING Group to help the accounts payable function by making seamless international payments.

The new integration will offer AccountsIQ’s customers a new way to access preferential FX rates and lower fees from within the AccountsIQ finance system, saving time for the accounts teams.

“Users can make international payments at a lower cost” explained Tony Connolly, CEO and founder of AccountsIQ. “They can get significant productivity gains by being able to process international payments in the same ways they do local payments as a payment run at the end of the month,” he said.

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