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
Simplifies processes and eliminates complexity by centralizing 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
Automated Data Generation
Automated end-to-end process with minimal manual intervention
Customers today demand more value out of their relationships with their service providers. Banks must, therefore, develop an ‘Experience-First Mindset’, moving away from the traditional products and services mindset.
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