Case Study: a largest retail and hospitality company achieves up to 8 man-months saved with Cygnet TaxTech's Indirect Tax Compliance Solution

Retail firm saved up to 8 man-months with our robust Indirect Tax Compliance Solution

Cygnet TaxTech worked with a largest retail and hospitality company in the UAE, a conglomerate with 2,400 outlets across 20 countries in Asia and Africa. The customer was struggling with errors from its traditional accounting system, difficulty managing indirect taxes across a very high transaction volume, limited line-level data for FTA audit file preparation, and the need to validate data against UAE FTA requirements.

Cygnet TaxTech implemented a data warehouse and an automated Indirect Tax Return and Compliance Solution to streamline VAT return generation, audit files, input tax apportionment, data cleansing, and reconciliation across invoices, credit notes, and the general ledger. With 400+ error checks scanning millions of records, the customer saved 4 to 8 man-months, reduced manual effort, improved analytics, and achieved more consistent compliance.