Enhanced VAT Fee Review Analysis through Automation

An RPA-based solution has automated the VAT fee review analysis process for a leading multinational company in the Middle East. The VAT fee review analysis is conducted by the Shared Service Team. This solution enables quick identification of the nature of the transaction and updating relevant fee review comments for “Tax Not Applicable” transactions, minimizing user impact. It can lead to increased efficiency, accuracy, and cost-effectiveness for the company. With a large volume of transactions to review, manual processing becomes even more challenging and resource intensive. VAT fee review rules are complex and require detailed analysis, making manual processing difficult and error prone. The automation significantly reduces the time and effort required for reviewing and updating fee review comments, allowing for quicker processing of transactions. By following predefined rules and logic, the bot ensures that fee review comments are updated accurately for each transaction.