Ramco ERP gets UAE VAT ready
Chennai, INDIA/ Dubai, UAE – December 20, 2017 – Ramco Systems, a global enterprise software company focusing on enterprise cloud platform, products and services today announced that Ramco’s Global Tax Engine is configured to address UAE VAT, which is one of the biggest tax reforms being introduced in the Gulf nation. Ramco’s Finance and Accounting Suite will offer clients’ a VAT-ready application to manage the new tax regime.
Effective 1st January2018, the UAE government will implement taxation in efforts to diversify itssource of revenue. The scalable ERP Financials application from Ramco is VATcompliant and will enable clients’ adhere to statutory regulations asprescribed by the government. The Finance & Accounting module will alsohandle the input/ output credit and generate settlement forms, ensuring an efficient& accurate VAT compliant ERP – which is Cloud, Mobile and Chatbot enabled.
VirenderAggarwal, CEO, Ramco Systems, said, “The new tax regime opens up opportunityfor us to address growing organizations which hitherto managed their Finance ondisparate legacy systems that lack the functionality/ depth required to addressthe changing Finance needs. The robustness of Ramco’s GlobalTax Engine coupled with progressive features built for new-age Financeprofessionals, makes for a fully optimized system to manageoperations, both across GCC and globally.”
Offered bothon Cloud as well as on premises, Ramco Finance & Accounting isbeing leveraged by several medium to large-sized organizations both as anintegrated solution part of a full suite ERP as well as stand-aloneapplication. Ramco recently entered the Magic Quadrant for Cloud Financials owing to thefocus placed on building deep domain-integrated financials and offeringnext-gen features which bring automation, simplification and cognitivecapabilities to the application.
Ramco ERP onCloud with advanced Finance and Accounting modules equips customers with bettervisibility, tighter control and improved profitability. Ramco’s focus oninnovations in usability, context-awareness, mobility, overall flexibility,apart from a comprehensive set of functionality has enabled smooth transitionfor customers to the VAT-era with multiple customers already upgrading andopting to be VAT ready.