Invenio Business Solutions wins new contract to implement VAT and Excise Tax for the Saudi Government

Reading, UK – 16th of December, 2016 – Invenio Business Solutions announced today, the signing of their newest contract with the Ministry of Economy and Planning in Saudi Arabia. Invenio will be responsible for the implementation of Excise and Value Added Tax to their existing state-of-the-art technology SAP Tax & Revenue Management system at the Department of General Authority of Zakat and Tax (GAZT).

Two years ago, GAZT and Invenio started the implementation of a commercial off-the-shelf SAP based Tax & Revenue Management system. The new solution replaced the legacy system and went live in March this year. Through it, GAZT is now benefiting from a modernised and more effective business process, which supports the organisation with different functionalities. The solution currently helps the successful collection of Zakat, Income Tax, and Withholding Tax. The success of this project was a key factor in their decision to include VAT and Excise tax into the same modernised system. This is possible, because the system is scalable, and it will provide a single view of the taxpayer for all tax types.img-20161206-wa0009

The Ministry of Economy and Planning of Saudi Arabia, deployed a consulting firm, which had to evaluate all possible options for the implementation of Excise and VAT. After a six-month period of deliberations, Invenio Business Solutions was appointed as the best company for the project.

Invenio’s Global Head of Public Sectors Sales, Sunil Srivastava, said: “It is a great honour for us to be a part of the Saudi 2030 vision and work with the Government on this critical project for generating Non-Oil Revenue. It also brings with it a huge responsibility to implement the system by the start of 2018.”

Invenio will implement and provide one year of support services once the project is live. The new tax types are expected to generate USD 10 billion of annual tax revenue for the Saudi Government, starting from 2018.

*On the photo are His Excellency Saleh Al-Awaji and Partho Bhattacharya after signing the contract

Invenio Business Solutions Signs Partnership Agreement with SAP in the USA

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.

 

About SAP

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

Glennis Spieker,

Vice President Sales

6303 Owensmouth Avenue, Suite 1059

Woodland Hills,

CA 91367

United States

glennis.spieker@invenio-solutions.com

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

 

Invenio Business Solutions achieves ISO 9001:2008 Certification

Successful Global Business Solutions firm gains Quality Management Systems standards accreditation

IQ Winnersh, READING, UK – 21 October 2015 – It is with great pride that Invenio Business Solutions announces the certification of ISO 9001:2008 accreditation, which recognises the Quality Management System standards across their business. The accreditation recognises Invenio Business Solutions’ advanced capabilities in delivering SAP implementation services, enterprise technology services, support services, add-on development services, customer engagement and commerce solutions.

The accreditation follows a stringent and rigorous quality system put in place by Invenio Business Solutions. The quality framework enables Invenio to have uniform processes across the organisation while defining and maintaining quality standards across all its delivery units and global offices. Arun Bala, Chief Operating Officer at Invenio comments “Quality is part of our DNA and we continue to strive to be fully aligned with our vision – ‘Be the most trusted and valued partner in our customer’s success’. As a strategic partner to our customers, it is only fitting that we become certified, demonstrating our unwavering commitment to a strong culture of quality.”

The latest accreditation has been granted by globally recognised DNV GL and involved a two-stage audit exercise. With this certification, Invenio Business Solutions continues to provide services that consistently meets customer statutory & regulatory requirements.

-Ends-

About Invenio

Invenio Business Solutions is an award-winning Business System Provider, head quartered in Reading, UK. The company supports over 45 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, business intelligence & big data, mobility, CRM, eCommerce 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®. Invenio is accredited for SAP’s global partner quality program and is certified for ISO 9001:2008, a quality management system based on the principles of customer focus, process approach and continuous improvement. For more information visit: www.invenio-solutions.com

Media Contact:

Krithika Arun

+44(0)330 440 1800

125, Wharfedale Road, IQ Winnersh

Reading.

RG41 5RB

krithika.arun@invenio-solutions.com

Invenio Business Solutions Achieves SAP Accreditation for Partner Quality Program

IQ Winnersh, Reading, UK — September 15, 2015 — Invenio Business Solutions today announced it has received accreditation for a global partner quality program by SAP AG (NYSE: SAP).The certificate was awarded by the SAP Partner Service Delivery organisation for Invenio’s demonstration of clear quality standards and processes and in recognition of quality, risk and project management framework improvements in alignment with quality principles from SAP.

Invenio is closely aligned to the key principles of quality that SAP believes to be fundamental to the success of every implementation, designed to deliver high-quality software and support while providing the right processes, tools and services to drive successful projects and delivery.

Businesses today are continually challenged to manage risk in increasingly complex projects. As a certified member of the partner quality program, Invenio will be able to help SAP customers avoid escalations, maintain profits, reduce profit dilution and improve successful delivery through the program lifecycle. In addition, the program offers a quality approach for sales processes and delivery methodologies through access to enhanced SAP channel quality templates and processes. With a distinct focus on quality deliverables, the accreditation also helps partners improve the success of bids by providing a sales differentiator from other partners through quality wording and information as well as risk mitigation activities.

“This accreditation is a credit to our team and our commitment to providing customers with a clear view of SAP’s ability to influence the success of its program,” Arun Bala, Invenio’s Chief Operating Officer,  “By using SAP quality principles, we can help ensure that our customers achieve smooth implementations as we anticipate benefits as measured against business requirements. This accreditation reaffirms the work we do to enable effective implementation of business processes using SAP solutions and to fulfill requirements to the highest standard.”

The annual partner quality plan and quarterly quality reviews form the basis for the global partner quality program by providing a way to monitor joint performance and measure success. Partners are required to submit an annual quality plan to showcase how they will improve quality in their own organisation during the year. In addition, the quarterly quality review enables joint risk monitoring via open bilateral communication as well as identifying and preventing issues. 

About Invenio Business Solutions

Invenio Business Solutions is an award-winning Business System Provider, head quartered in Reading, UK. The company supports over 45 customers in the government, media and manufacturing sectors, in areas that include industry-specific enterprise resource planning (ERP) focused on SAP, tax and revenue management, business intelligence & big data, mobility, CRM, e-commerce 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®. Invenio is accredited for SAP’s global partner quality program and is certified for ISO 9001, a quality management system based on the principles of customer focus, process approach and continuous improvement. For more information visit: http://invenio-solutions.com

###

SAP and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries.

All other product and service names mentioned are the trademarks of their respective companies.

For more information, press only:

Jo Herring, Invenio UK +443304401800, jo.herring@invenio-solutions.com

 

 

Invenio Business Solutions Delivers Implementation of SAP ERP, IS-Media and Broadcast Solution for Standard Media Group

IQ Winnersh, READING, UK –04 August 2015The Standard Media Group (TSMG), one of the largest publishing houses in Kenya selected SAP Gold Partner, Invenio Business Solutions, to implement a comprehensive SAP ERP & IS-Media solution across its organisation. The initial roll-out was completed in just six months, enabling TSMG to utilise SAP and transition its business from a manually operated system, to a fully automated business.

TSMG has dramatically increased the efficiency and accuracy of its processes. Invenio played a crucial role as lead implementation partner in the project and continues to provide ongoing technical support since the completion of the implementation.

TSMG is a modern media organisation with a diverse business portfolio, comprising traditional and new media outlets and services including, the printing and distribution of newspapers including The Standard Newspaper, the oldest newspaper in East Africa, as well as broadcasting of television and radio, and internet and outdoor services.

TSMG’s management was unable to attain a clear view on how the organisation was performing and had poor access to data with the previous manual system which was in place. Information continued to be late and lacked accurate detail leading to a poor critical decision making process and reduced profitability. For example, the business had no visibility or data about the number of sales and returns of print publications across sales outlets. It was also challenging to control revenue leakages and fraudulent activity from internal and external customers.

By automating its business processes with SAP, TSMG has been able to control these major revenue leakages, and has streamlined the sales and returns process. It also has better visibility of the number of transactions completed, increased inter-departmental efficiency through transparency and integration and introduced real time analysis to adapt its market strategy for different regions, maximising profits.

TSMG relied on Invenio’s technical expertise as an SAP Gold Partner, to ensure that the business transformation was as smooth as possible. To make this automation successful, it chose to work with a specialised SAP implementation provider with vast experience in Media. Invenio’s knowledge of the media market and its customers also provided TSMG with the right consultancy and advice to take full advantage of their business change.

Orlando Lyomu, Finance Director, Standard Media Group said, “This is a significant transition for our business. We selected Invenio Business Solutions to switch from an ineffective, manual operated system to an automated and integrated system to improve efficiency and accuracy across the group. This was made possible through having a committed and experienced partner who has an expert team available 24/7. The speed of implementation for the initial phase means we are realising the benefits of SAP even more quickly than anticipated and reducing the time to achieving ROI. The reassurance which Invenio offers us around support and maintenance also gives me great confidence that we will continue to drive the maximum benefit from our SAP investment as time progresses.”

Partho Bhattacharya, CEO, Invenio Business Solutions, commented, “Many organisations still have outdated, manual, business processes which waste time and money and are often laden with inaccuracies. In order to keep up with the competition in this day and age, both up-to-date technology and know-how surrounding the implementation is essential. We are so pleased to deliver this project in Standard Media Group, who worked very hard with us on making the project successful”.

 

– Ends –

 

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.

About Standard Media Group

The Standard Group Limited (also The Standard Media Group) is an integrated media house headquartered in Nairobi, Kenya. Its brands include The Standard newspaper, The Nairobian weekly, Publishers Distribution Services (PDS) that distributes local and international magazines and periodicals, Kenya Television Network (KTN) and KTN News Channels, Radio Maisha, Think Outdoor (billboards) and Online business under the trade name of Standard Digital. The Standard Media Group which was founded in 1902, is listed at the Nairobi Securities Exchange and has bureau offices spread throughout the country. The Group and its journalists have won numerous Journalism Excellence Awards (AJEA) sweeping several categories for print and television reporting and is also an INMA (International News Media Association) award winner for the Public Service category. Renown for some of the most cutting edge journalism, The Standard Media Group is considered the home of journalistic talent. Read more at: http://www.standardmedia.co.ke

Media Contact:

Marie Tuffy

+44(0)330 440 1800

125, Wharfedale Road, IQ Winnersh

Reading.

RG41 5RB

kofo.are@invenio-solutions.com