Richard Cornelisse

Increase revenues or reduce costs and expenses, so that earnings are improved

In Indirect Tax Automation, Indirect Tax Strategic Plan, Interim VAT management, Processes and Controls, SAP add on, SAP for VAT, Technology, Training, VAT automation on 21/01/2016 at 9:41 pm

phenix5

The rework and cover ups, the hours and days of wasted time in a company of people who constantly correct mistakes (unnecessary rework). The objective is to make the hidden factory visible (measure/calculate ROI) and as result returns precious time and money to the business.

It is about extra man-hours, additional costs due to rework (credit/debit notes) and retrospective corrections and/or disclosures. Example: how much rework is required before numbers received from finance systems can be used?

  • Does the process of preparing and compiling the client’s VAT return take more than 5 man days? (starting from the moment of VAT-data collection until the VAT return is approved and filed).
  • Are manual adjustments made to ERP figures before inclusion in VAT Returns?

Imagine how much you could save if the problem was completely eliminated.

Read more: Process improvement

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