Finesse has entered into a strategic alliance with Image InfoSystems to implement Value Added Tax (VAT) Systems for enterprises in the region with a special focus on Banking and financial institutions. The impact of VAT regulations and the required regulatory compliance for the financial services industry is expected to impact almost every aspect of the organisation’s technology landscape. .
Finesse, with a strategic vision to assist organisations in this transition, has tied-up with Image InfoSystems, providers of ExpressTXR, a high-performance transaction processing platform that enables collection, organisation and management of transaction data, a dynamic rules engines to accurately and speedily process transactions with total reconciliation with all back-end source systems, will provide the organisations in the region with the necessary capability to comply with the regulations.
Mohan Das P, Managing Director of Image Info said, “Image InfoSystems offers its experience and expertise, embodied in the product ExpressTXR, to provide the capability and the platform for organisations that generate and process millions of transactions every day, to meet with the challenges posed by regulatory requirements, offering the breadth of functionality and the ease of adaptability, to enable them to make path breaking transitions as seemingly every day mundane tasks.”
Sunil Paul, Co-Founder and COO of Finesse said, “A major part of the VAT Implementation is to make the processes and IT systems compliant so that all the provisions of law are incorporated. Finesse is thrilled to partner with Image Infosystems to bring easy into the entire seemingly daunting implementation. We look forward to working together in this area”