Invenio Successfully Implements SAP Tax and Revenue Management Solution for Department of Zakat and Income Tax, Saudi Arabia

Invenio completes first phase of a three year project to increase revenue, interconnect various government agencies, reduce fraud and provide greater visibility for the Department of ZAKAT and Income Tax, Saudi Arabia

IQ Winnersh, READING, UK – 22nd of March 2016 Invenio today announced successful implementation of SAP’s Tax and Revenue Management solution for the Department of ZAKAT and Income Tax (DZIT), Saudi Arabia. The three year project,  began in 2014 to develop and modernise its automation systems for Zakat and Tax Automation System (ZTAS).

Following a comprehensive selection process, DZIT chose Invenio to lead the implementation, over BULL SAS and Oracle Inc. due to its proven SAP expertise, project execution methodology and attitude to working. Invenio committed to an aggressive project plan to ensure the complex implementation of the solution was delivered within budget so DZIT can start deriving return on investment.

Now that the system is live across the nation’s Tax and Zakat payer base, DZIT will be able to collect and manage taxes more efficiently, and with greater visibility. As a result DZIT has already prevented a number of fraud cases that would historically have been unidentified.  The new system is also enabled online for mobile users to manage their tax affairs from any device.

Partho Bhattacharya, Managing Director, Invenio Solutions commented: “We are delighted to have successfully implemented SAP Tax Revenue and Management to help DZIT deploy appropriate Zakat and tax management flexibly across the Kingdom of Saudi Arabia. While still in the early days of go live, the ROI already being received proves the importance of modernising infrastructure to gain greater visibility and ultimately increase revenue. This is an example of successful deployment of British skills in the world  stage.”

Looking forward, Invenio is in the process of  implementing, Fraud Management and Predictive Analysis on SAP HANA to further prevent fraud by introducing deeper validations and better understand past behaviours and trends to provide more reliable identification of suspicious cases in the future.

About Invenio

Invenio Business Solutions is an award-winning Business System Provider, head quartered in Reading, UK. The company supports 45 customers in the government, media and manufacturing segments, in areas that include industry-specific enterprise resource planning (ERP), tax and revenue management, business intelligence, big data, mobility, CRM and integration solutions. Formed in 2006, the company has subsidiary offices in India, Germany, Mauritius, Saudi Arabia, Dubai and the U.S.A. Throughout its history, Invenio has grown rapidly, organically and profitably. Invenio is a constituent of The Sunday Times Tech Track 100 for 2012, 2013 and 2014. Invenio is a SAP Gold partner and recipient of numerous awards from SAP including EMEA Regional Partner Excellence Award 2014 in the category “Database & Technology” for its work with SAP HANA®.  Invenio is also accredited for SAP’s global partner quality program. For more information visit: http://invenio-solutions.com

About DZIT

The Department of Zakat and Income Tax (DZIT) was established per Ministerial Resolution no. 394, dated 7/8/1370 H. (14/06/1951). The mission of DZIT is briefly to administer and collect zakat on commercial goods from Saudi individuals and companies and from individuals and companies of GCC states subject to the same treatment like Saudis, and to administer and collect tax from non-Saudi individuals doing business in the Kingdom, resident Saudi companies on shares of non-Saudi partners, and non-resident companies doing business in the Kingdom through a permanent establishment or deriving income from  a source in the Kingdom.
The Head-office of DZIT is in Riyadh. There are ten field-offices that report to the Head-office; the field-offices are located in Riyadh, Jeddah, Dammam, Makkah, Madinah, Taif, Qassim, Abha, Tabuk and Al-Ihsa. In addition, there are sections in the Financial Offices to collect zakat and tax in regions and districts with no DZIT field-offices.

 

Media Contact

Kofo Are, Head of Marketing

+44 7833445335

125, Wharfedale Road, IQ Winnersh

Reading.

RG41 5RB

kofo.are@invenio-solutions.com

 

Analysing the Impact of Smartphones and Tablets in the Media Industry

How Business Intelligence can help you analyse online reach and increase revenue opportunities.

Content monetisation has long been a challenge for media companies and for years, business intelligence solutions like SAP BusinessObjects have delivered insight to uncover trends and analyse consumption patterns that help improve monetisation strategies.

But the ever-evolving ways in which consumers access content online is adding yet another dimension to how media companies can use business intelligence to help increase revenues and secure a bigger slice of the online audience.

Ofcom’s recent Communications Market Report 2013 shows that mobile devices are rapidly becoming central to the way people consume media in the UK.

Here are 5 key findings we took from this report – and how business intelligence tools can be used to capitalise on these trends:

1. Smartphones are becoming ubiquitous. Just over half of UK adults now own a smartphone, with 49% using a mobile to connect to the web. The way we interact with a smartphone versus, say, a laptop is very different. And so to create compelling content for smartphones requires a good understanding of how content is being accessed and consumed. Business intelligence can help you better understand how smartphone users are interacting with content – meaning you can create experiences that are more attuned to the needs of a mobile audience.

2. One in five people said using their mobile was the media activity they would most miss if it were taken away. Significantly less than the 43% who’d miss TV the most – but certainly a lot more than the 4% who’d most miss newspapers and magazines. Although the decline of print is not a new trend, business intelligence can help publishers that are migrating to online channels to improve their chances of success. For example, Business intelligence tools can help you analyse online performance versus print – and fine-tune strategies that will help you capture a bigger share of audiences who access mobile-based content.

3. Tablets are becoming mainstream. The number of households with a tablet such as an iPad rose to 24% in Q1 2013, up from 11% a year earlier. Like smartphones, tablets can open up even more opportunities to engage with an online audience. From apps to micropayments to subscription-based models, business intelligence can help you to understand what, where and how an audience consumes information, to make better, more informed decisions on pricing, delivery, format and platform.


4. The consumers of tomorrow are more mobile. Among 16 to 24 year olds, theMobile Tablet proportion owning a smartphone is now 77%.
Young people are also far more likely than any other group to use mobiles for social networking activities such as Facebook and Twitter. Media companies can use business intelligence to tune into how an audience interacts with them on a variety of social media platforms and so better inform and optimise their social media engagement strategies. mobile-tablet

5. Mobile advertising expenditure rose to £526m in 2012, growing 148% from £203m in 2011. The growing adoption of smartphones and tablets means a growing appetite for advertisers to reach these audiences on a mobile platform. Media brands can use business intelligence to understand the sales performance of various advertising slots which can help to inform pricing strategies and offers such as cross-platform advertising packages and bundles.

The switch to accessing content via mobile devices is already having a huge impact on media businesses, with audiences now consuming more content on both tablet and smartphones than ever before. However, media brands still have to compete with many other online activities for consumer attention, and so need to focus on getting mobile products absolutely right. And Business intelligence solutions gives media companies a way to uncover trends and inform strategies in this ever-changing environment.