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Enterprise Indirect Taxation Management

Comply with all indirect taxation requirements through an
enterprise solution for all aspects of taxation.
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Why SunTec Xelerate?

SunTec’s cloud-based Indirect Tax Management on SunTec Xelerate platform is uniquely designed as a digital innovation middle layer. It can easily integrate with the bank’s existing technology landscape. It is an out-of-the-box solution designed to de-clutter core systems, extract the indirect taxation logic and ensure smooth journey towards indirect tax (GST and VAT ) compliance. It comes equipped with pre-set rules and definitions that can be easily parameterized. SunTec’s Indirect Tax Management system on the cloud is a fully configurable framework that ensures the shortest turnaround to accommodate frequent regulatory changes.

Features of SunTec’s Tax Management

Centralized Management

Simplifies processes and eliminates complexity by centralizing management

End-to-end Management

Support for the end-to-end process including input tax, output tax, returns management

Highly Flexible Framework

Flexible and configurable allowing maintenance and easy management of frequent regulatory changes

Automated Data Generation

Automated end-to-end process with minimal manual intervention

Correction and Refund Management

Optimized management of refund and corrections

"Businesses need a centralized platform to manage tax segregation, accounting, invoicing and exemptions to achieve compliance."

  • An out-of-the-box compliance management product: Compliance management made easy with over 200 indirect tax features pre-packaged.

  • De-clutter core systems: Count on a comprehensive tax solution that seamlessly integrates with core systems to ensure a smooth regulatory compliance journey.

Benefits

Eliminate complexity by centralized management of tax determination rules across diverse business systems
Centralize and standardize through an enterprise-level capability across all geographies and entities
Be ahead of the volatile regulatory framework with the hyper-agile framework that enables smooth transition
Manage high volumes through high scalability and real-time processing capabilities
Reduce cost of tax determination and reporting with automated processing and reconciliation facilities
Mitigate risk through end-to-end traceability and rules driven control with auditability
Be up to speed in a changing market with SunTec Xelerate by your side.

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