Invenio Business Solutions, a SAP Gold Partner in the UK, announced today, in conjunction with SAP USA, that Invenio Business Solutions is now officially an approved partner of SAP in the USA and part of the SAP PartnerEdge Programme, the USA.
The addition of Invenio Business Solution to the partner programme of SAP USA will enable customers in the USA to engage SAP’s solutions along with Invenio’s award winning business systems expertise in Media and Entertainment, the Public Sector and Manufacturing sectors. Invenio will also provide SAP support, value-added business solutions, upgrade, enhancement, and maintenance of SAP’s suite of solutions across SAP’s portfolio of business applications and analytics software; SAP HANA, SAP ERP, SAP Business Suite, SAP Business Intelligence; SAP Mobile Solutions, and SAP Hybris for Commerce.
Invenio Business Solution Inc. President Partho Bhattacharya said, “SAP customers in the USA, can now gain access to our delivery team of over 350 business consultants, with deep experience in the delivery of business solutions in our chosen industries. Our philosophy is to collaborate with our clients, in the delivery of customer-centric solutions, that address their ongoing business needs and objectives.
Our recent, re-certification, in Europe, as a SAP Partner Centre of Expertise (PCOE), for the third time in a row, is a demonstration of our commitment to the continuous enhancement our knowledge of the SAP portfolio. Our continued investment in the development of high-performance delivery teams, through the certification of our consultants and solutions managers, keep us at the leading edge of innovative solutions, especially in Media industry.”
About Invenio Business Solutions
Invenio Business Solutions is an award-winning Business System Provider, headquartered in Reading, UK. The company supports customers in the government, media, and manufacturing sectors, in areas that include industry-specific enterprise resource planning (ERP) focussed on SAP tax and revenue management, IS-Media, SAP business intelligence & big data, SAP mobility, Hybris eCommerce, CRM and Enterprise integration services. 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®. The SAP consultancy is accredited for SAP’s global partner quality program and is certified for ISO 9001, a quality management system based on the principles of a customer focused, process approach and continuous improvement.
SAP SE, formerly AG, is a provider of application and analytics software for enterprises in mobile enterprise management. SAP is an enterprise cloud company. As of December 31, 2014, the Company has more than 282,000 customers in over 180 countries. The Company offers solutions-based on its SAP HANA platform combines database, data processing, and application platform capabilities in-memory. It also provides capabilities, such as predictive text analytics, special processing, and data virtualisation. The Company offers application software to around 25 industries in six industry sectors and 12 business lines, including consumer, discrete manufacturing, energy and natural resources, financial services, public services and other services. Through Sapphire Ventures, Sapphire Ventures invests in global capital funds, as well as early-stage venture capital funds in enterprise and consumer technology.
Media Contact USA
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The Isle of Man has become the first British dependent territory to sign an agreement with the UK Government that extends the automatic disclosure of tax information. Under the accord, the two Governments have agreed to start exchanging information from 2016 on residents’ tax issues. This new deal will extend the current agreement which sees the Isle of Man already sharing information on personal savings income with the UK and other European Union countries.
Allen Bell, the Manx Chief Minister said: “In signing this historic agreement with the United Kingdom we are underlining the message to our neighbours and the wider world that our Island is a responsible centre for top quality international business”. He added: “Today’s signing is a significant step towards that global standard and further proof that the tax haven moniker in relation to the Isle of Man is well and truly dead”.
The UK Government is also seeking to agree a similar deal with the two other dependent territories of Guernsey and Jersey, although at the time of writing, neither has confirmed participation.
Regardless whether or not the term “Tax Haven” is fair, it is clear that many countries are stepping up efforts to force jurisdictions to reveal information on clients suspected of tax abuse. Earlier this year, The Financial Times reported that France has stepped up its assault on tax havens by blacklisting Bermuda, British Virgin Islands and Jersey, in a move that will impose heavy penalties on thousands of French individuals and businesses. The three offshore centres have been added to a list of “non-co-operative jurisdictions”, triggering punitive withholding taxes of up to 75 per cent on payments from France.
Why do these agreements matter?
So what is driving the many recent international efforts in curbing tax evasion? It is hard to quantify the impact of tax evasion on a country’s wealth but, given the estimates shown in the chart below, it is clear that fixing this problem would go a long way in helping to assuage the current austerity measures imposed by many governments to help see them through the most severe recession since WWII.
The Guardian recently published an article stating that the amount of tax lost within the UK through non-payment and avoidance increased last year to £35bn, (according to official figures released in October). What is even more shocking is a statement taken from www.taxresearch.org.uk – that tax evasion is costing the world $3.1 trillion a year – more than 5% of world GDP. The chart below is taken from the tax justice networks research into tax evasion, showing the top ten countries that were affected in 2011.
Challenging times ahead
With tax avoidance schemes so widespread and disconnected, it is going to be years, maybe decades, before we can see a clear benefit to the new processes and laws that foster increased co-operation. But it seems things are moving in the right direction.
In a previous blog post – regarding the G20 sharing information Martin Sobotka discussed the huge data volumes that will need be processed and analysed. Technologies such as SAP HANA can help to consolidate huge amounts of information from many different sources, and the connectivity across both analytical and transactional systems can help to remove barriers and provide Governments with a key advantage in identifying data inconsistencies when analysing external tax information.
Martin Sobotka is an expert in Tax & Revenue Management solutions across all continents. For several years, Martin worked for SAP Consulting introducing SAP products to City Councils, Federal States and Government Authorities. He is a well-respected expert and focuses on the functional implementation of new SAP technology in this area.
To find out more on this subject you can contact Martin directly.
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- You still have time to come by booth IN617 for a demo of Invenio Content Financials - developed for media companies… https://t.co/sYXUtlFSjc10 days ago
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