reduction in manual efforts
The client company is one of the largest conglomerates involved in retail, hospitality and leisure, healthcare and mall management.
The client’s retail stores managed volumes of data from sales and financial activities manually. It imposed challenges of maintaining and quickly retrieving critical, tax-relevant data for filing tax returns, generating FTA audit files, streamlining tax compliance, and supporting tax planning.
Cygnet experts engineered centralized data warehouse system and automated the VAT returns preparation, audit file generation and input tax apportionment as per the government norms within minutes.