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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

Silviya Savova,

Public Relations

silviya.savova@invenio-solutions.com

Invenio Business Solutions Achieves Re-certification of its Quality Management System ISO 9001: 2008 in India.

Mumbai, Dehli and Hyderabad centres meet international quality management systems standards (QMS).

Invenio Business Solutions, are delighted to announce the re-certification of our technology hubs in India, for ISO 9001:2008. The certificate, renewed annually, was first issued to our centres in India, in September 2015 by Det Norske Veritas Germanischer Lloyd (DNV.GL).  This year the recertification, was successfully completed on the June 20th, 21st, and 22nd respectively.

The quality management system ISO 9001:2008 audit, obligates an organisation to demonstrate the capability to provide products and services, that abide by customer, statutory and regulatory requirements. The quality management system (QMS), ensures high levels of customer satisfaction are maintained through continuous process and systems improvements.

The ISO 9001:2008 is a model for quality management systems that highlights the effectiveness of processes within a business. The quality standard provides an iterative approach to process improvement, emphasising a specific set of conditions, that an organisation must adhere to; value add, improve process performance and effectiveness, and deliver continued improvement to objective measurements.

The requirements are generic, are applicable to all organisations, irrespective of the nature of business conducted, the size and scope of commercial operations and the services delivered.

Re-certification provides our customers in Media and Entertainment, Government and Manufacturing with an assurance. In the capabilities of our business consultants to partner with our customers, on projects, that mitigate risk, whilst leveraging their technological infrastructure and operations to enable sustainable business growth and profitability.

The audit conducted by the independent international body, Det Norske Veritas Germanischer Lloyd (DNV.GL) confirms Invenio Business Solutions technology hubs in Mumbai, Dehli and Hyderabad, deliver consistent and reliable services, that meet the appropriate internationally recognised standards and our determination to exceed our customer expectations, maintain high levels of customer satisfaction, and the ongoing development of our commercial relationships.

 

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, 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 an 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 customer focus, process approach and continuous improvement.

About Det Norske Veritas Germanischer Lloyd (DNV.GL) 

DNV GL enables organizations to advance the safety and sustainability of their business. We provide classification and technical assurance along with software and independent expert advisory services to the maritime, oil & gas and energy industries. We also provide certification services to customers across a wide range of industries. Operating in more than 100 countries, our professionals are dedicated to helping our customers make the world safer, smarter and greener.

Media Contact

Silviya Savova, Public Relations

+44 7833445335

125, Wharfedale Road, IQ Winnersh

Reading.

RG41 5RB

silviya.savova@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.

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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:

Silviya Savova

+44(0)330 440 1800

125, Wharfedale Road, IQ Winnersh

Reading.

RG41 5RB

silviya.savova@invenio-solutions.com

Invenio Business Solutions appoints Octopus Group to grow Application Managed Services

IQ Winnersh, READING, UK –  March 24, 2015.  Today, we are pleased to announce we have appointed leading PR company, Octopus Group to support our growth in SAP Application Managed Services (AMS) offerings. Octopus Group was selected due to its extensive knowledge of the enterprise sector and SAP market.

In order to drive growth and raise brand awareness, Octopus Group will deliver a bespoke brand to sales campaign incorporating content marketing and a comprehensive influencer engagement plan.

Partho Bhattacharya, Managing Director of Invenio, has led its global business since 2008: “I was drawn to Octopus Group, not only for its impressive knowledge of the SAP market but also its understanding of the vision for our business. Octopus clearly has the right mind-set, expertise and understanding of our audience and through a carefully thought out campaign, they’re the right partner to support our business goals and positively impact our growth.”

The pitch was led by Octopus Group director Laura Slade, “As a business looking to drive sales through effective inbound and outbound marketing, Invenio is a perfect fit for our Brand to Sales methodology, and we’re really excited to deliver a successful campaign that drives lead generation and delivers real return for the business.”

Media Contact:

Silviya Savova

+44(0)330 440 1800

125, Wharfedale Road, IQ Winnersh

Reading.

RG41 5RB

silviya.savova@invenio-solutions.com

Invenio Debuts on the Deloitte Technology Fast 500 EMEA

deloitteReading, UK – 3 December, 2013. Invenio today announced it that has debuted on the Deloitte Technology Fast 500 EMEA 2013 – a ranking of the 500 fastest growing technology companies in EMEA. Rankings are based on percentage revenue growth over five years, during which, Invenio grew 482%.

Invenio’s Managing Director, Partho Bhattacharya, credits much of Invenio’s success to its ethos of close collaboration with its customers in creating solutions that reduce cost and improve processes. He said, “A key objective for us as a business is to help our customers get more value from technology that they have already invested in. By helping our customers build out on that investment, Invenio will continue to realise sustainable, profitable, business growth”.

The Technology Fast 500 list is compiled from the Deloitte EMEA Technology Fast 50 programmes, nominations submitted directly to the Technology Fast 500, and public company database research. To qualify, entrants must have had base-year operating revenues of at least €50,000, and current-year operating revenues of at least €800,000.

David Halstead, Deloitte UK and partner in charge of the Deloitte Technology Fast 500 EMEA programme concluded “Because Deloitte Technology Fast 500 EMEA measures sustained revenue growth over five years, being one of the 500 fastest growing technology companies in EMEA is an impressive achievement. Making the Deloitte Technology Fast 500 EMEA ranking is a testament to a company’s commitment to technology and, with its 482% growth rate over five years, Invenio has proven that its leadership has the vision and determination to grow in difficult conditions”.

To download a copy of the press release please click here.

Media Contact:
Silviya Savova
+44 (0)330 440 1800