Xelerate for GST
The GST Act by itself brings in a lot of simplification to the country, but for banks this Act is going to bring in a lot of changes. Banks, over the years, have acquired multiple backend systems to meet business requirements across business lines. But, customizations with growing business complexities and regulatory compliance requirements, have pulled down performance of the core engines, making it difficult for banks to manage changes.
Enabling financial services industry to be GST-ready and stay ahead of competition
“Xelerate for GST” is an out-of-the-box end-to-end solution targeted to enable banks and financial institutions towards a smooth transition with the various drafts of the GST Act; and thereby provide uninterrupted service to their customers.
The solution helps orchestrate transactions and the related complex taxation changes associated with the GST Act. It has been designed to declutter core engines and bring out the indirect taxation logic.
Xelerate for GST enables banks to implement GST regulation witha spectrum of pre-built, feature-rich functional modules that cover the impact on Input Tax, Output Tax & Compliance.
SunTec’s Agile mode of delivery ensures faster time to market and can get your bank GST ready in 30 days*!
A robust future-ready roadmap and seamless integration capability with any IT environment ensures flexibility and future-readiness of the GST system.
We would be glad to meet and demonstrate our solution to you.