Automated VAT Fee Review Analysis
10xDS delivered an RPA-based solution for VAT fee review analysis for a leading P&U company in the Middle East, streamlining transaction identification and updating relevant comments for “Tax Not Applicable” transactions, minimizing user impact.
Challenges
VAT fee review rules are intricate, necessitating detailed analysis, which, when done manually, becomes cumbersome and prone to errors, especially with a high transaction volume. This manual handling not only impacts user productivity and satisfaction due to the time and effort required but also escalates the risk of financial and regulatory implications for the company.
Solution
10xDS thoroughly analyzed the existing process with the tax team, identifying rules for designing a predefined template and automating key areas. They implemented a solution where a bot reads transaction details, consults predefined rules to determine actions or updates, and updates fee review comments accordingly. This automation significantly reduces time and effort for reviewing and updating comments, ensuring quicker transaction processing. It guarantees accurate fee review comments by adhering to predefined rules and logic and is scalable for handling large transaction volumes, ideal for companies with expanding business needs.
