R7VAT Software Solution
A fully automated solution for managing VAT in your organization
Connect Business Systems With Govt. Tax Portals
R7VAT uses a proprietary 7-stage methodology developed by our experts in tax & technology that extracts tax data from various source systems, validates it as per Govt tax rules and prepares it for filing the VAT returns
The R7 Methodology
R7VAT extracts Sales and Purchase data from source ERP and accounting systems using pre-built or custom connectors.
Using data mappers and massagers, R7VAT converts the source data into the required formats
In this step, R7VAT validates the data as per Govt tax rules and acts as a checker to the maker (ERP)
R7VAT produces comprehensive and accurate error reports at the transaction level that helps users to correct them before filing VAT returns.
The VAT returns are auto-populated with the correct data in R7VAT. This can be exported and filed on the Govt Portal.
R7VAT provides an intuitive dashboard to give access to important statistics.
As per regulation, R7VAT maintains all records for upto as many years as needed. It also tracks and records all user activity.
R7VAT Features
R7VAT simplifies the process of preparing VAT returns for companies of all sizes. It offers an end to end automation that extracts source data from various business systems, performs extensive validations as per the VAT laws for the specific country in the GCC and auto-populates the VAT returns.
R7VAT Benefits
Fully Automated
VAT returns, Input tax calculations and generation of supporting documentation can be completely automated
Power & Scalability
400+ error checks, ability to skim through millions of records and drill down from summary to line item transaction records.
Simplicity & Ease
Access to statistics from dashboard, various reports and ability to create documents on the go.
Save Time
Retrieve to record automation, real time data access and increase in efficiency & productivity
Save Cost
Avoids penalties, uses less resources, saves on costs of delay and resolves errors faster
Mitigate Risks
Complete audit trail ensures you have good governance and control on VAT management
Intangibles
Have peace of mind, improvement in processes and better control and command
Would you like us to assist you with VAT automation?
Feel free to contact us.
