Case Study: an independent Spanish accounting firm achieves 60% faster VAT return preparation with Cygnet TaxTech

An accounting firm improved data quality and reduced VAT returns preparation efforts by 60%

Cygnet TaxTech worked with Global Technology Organization, an accounting firm in Spain focused on indirect tax advisory, to address difficulties in preparing accurate VAT returns and EC sales lists. The team was struggling with data quality, manual effort, and errors caused by extracting and validating large volumes of data across multiple systems.

Cygnet TaxTech implemented an automated solution for data collation and conversion into ready-to-file VAT return and EC sales list formats, supported by managed services for error checks, validation, and training. As a result, Global Technology Organization reduced VAT return preparation effort by 60%, increased productivity by up to 80% in filing VAT returns, cut operational costs by 40%, and improved data accuracy.