Enterprise Indirect Taxation Management
Comply with all indirect taxation requirements through an enterprise solution for all aspects of
taxation.
Why Xelerate?
Xelerate is uniquely designed as a digital innovation middle layer and 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. More importantly, Xelerate’s configurable framework ensures the shortest turnaround to accommodate frequent regulatory changes.
Features
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."
With over 200 indirect tax features pre-packaged into a simple and effective product, Xelerate is uniquely designed as an out-of-the box solution for compliance management. It can easily be set up as a comprehensive taxation solution that can de-clutter core systems, bring out the indirect taxation logic and ensure a smooth journey towards regulatory compliance.
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
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