VAT Enabled ERP Software Solutions Dubai, UAE & Middle East - FactsERP

FACTS Computer Software House is the Leading ERP Software Company in UAE based in Dubai, with a commendable presence in the Middle East and empowering enterprises with cutting-edge technology solutions. FACTS have been at the forefront for two decades providing latest ERP and HR Solutions to leading organizations from Corporate, Healthcare, Hospitality, Engineering & Contracting, Trading, FMCG, Textile and Retail industries to name a few. VAT integrated ERP / VAT Enabled ERP Software automates business processes and help companies run the business more efficiently and to gain greater insight to their business activities with lasting benefits. Facts ERP is marketed by Brainsphere IT which is headquartered in Dubai, UAE.

FACTS Computer Software House delivers innovative and superior business processes to organizations by keeping the focus on re-usability, context-awareness, mobility, flexibility and the comprehensive set of functionalities. Our VAT Enabled ERP Software Dubai has been built by the best Software Architects under the guidance of many acclaimed Domain Experts and Functional Consultants. Hence remains the most reliable ERP solution in the Middle East for decades.

FACTS ERP is serving customers for the past 15 years and our product shows our expertise/domain knowledge in various industries and our association with various organizations worldwide in solving their automation requirements.

Growing organizations will always look for Global ERP Solutions to fulfill their expansion plans and they evaluate various software solutions including global ERPs and realize those are not viable due to obvious reasons including finance, cost of maintenance, rigidity /non-flexibility to accommodate changes etc. ERP partners always offer false promises to customize the Global ERP solutions and most of the time their commitments are not fulfilled. Finally, the customer will end up with variety of unwanted features and additional screens for data entry etc. that are very confusing. Most of the time, software implementation is delayed and the effect of ROI is diminished by long time required to implement the Global ERP solution.

Changes in business structure, supply-chains, tax legislation and policy must all be reflected in the ERP system. The VAT impact of these changes cannot be overlooked and must be configured accurately in the ERP system and consistently maintained.

As tax administrations focus more on ERP systems and controls, active VAT risk management in this area is critical to avoid serious compliance risks.

VAT compliance risk in the ERP system can be brought about by:

• New business structures
• Policy changes by tax administrations
• Legislation changes at jurisdiction or Community level
• Growth through mergers and acquisitions
• Changes in logistics flows
• Systemic errors occurring and growing over time
• ERP migrations or implementations

VAT is a transaction-based tax, inextricably linked to the day-to-day operations of your organisation. Accordingly, VAT determination logic and reporting processes are core functions of the ERP system, which must be optimally configured and maintained to ensure efficient and accurate results.

Incorrect or misaligned ERP configuration, in response to business changes, will lead to serious compliance risk.

“Do you feel that your ERP team fully understands your fiscal requirements and has translated them correctly into your ERP system so that you are fully VAT compliant?”

We recommend a focused review of your VAT configuration in your ERP system, undertaken by a team of international VAT and ERP systems experts. This review will assist tax and finance directors achieve quick and clear visibility of where systemic VAT compliance risk lies and provide practical solutions on how to address these risks.