Al Hilal Bank partners with SunTec to manage VAT for its customers
Date 22nd January 2018, Dubai, United Arab Emirates: SunTec, which enables global financial services organizations to increase the lifetime value of their customer relationships through effective revenue management and customer experience orchestration, today, announced its partnership with Al Hilal Bank, one of the most progressive Islamic banks headquartered in Abu Dhabi. Through this partnership, SunTec will facilitate in analyzing transactions flowing through the bank’s systems, computing taxes under the new mandate and invoicing of the newly introduced Value Added Tax for the bank.
Commenting on the partnership, Amit Dua, President and Global Head, Client Facing Group at SunTec said, “The new VAT regulation is an unknown in the GCC countries and we are proud to be the partner of choice for Al Hilal Bank in their journey towards compliance. Xelerate for VAT has been designed specifically to ensure that our clients find it convenient to become VAT compliant with least amount of interference to their existing infrastructure and carry on with business as usual.”
About Al Hilal Bank
At SunTec, we help our clients increase the lifetime value of their customer relationships through effective revenue management and real-time customer experience orchestration. Our low risk digital transformation approach enables clients to own the customer experience by enhancing their value-based engagement. With 100+ clients in 45+ countries, SunTec is a trusted partner of leading organizations across Banking, Financial services, Insurance, Telecom and Travel industries. Headquartered in India, we have operations in USA, UK, Germany, UAE, Singapore and Australia. With a team of highly skilled folks and our highly innovative product development models, we help our clients to always remain at the cutting edge of technology. A stable, mature and flexible product suite, Xelerate is benchmarked regularly for optimum performance. Coupled with insights from our industry experts and a robust future-ready roadmap, Xelerate continues to develop along with the market. Able to seamlessly integrate with any ecosystem, it is one of the fastest products to implement.
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