Integrity through Visibility

We believe in VAT

At VATSolve …

and in doing VAT properly!

We believe …

VAT is the most important tax in the world Fastest growing tax in the world Most efficient way of collecting and generating revenues for the Fiscus

VAT is a self assessing system Imperative that we be able to assess ourselves effectively and have evidence of the

assessments with Audit Trails on an ongoing basis

There’s a legal and moral obligation to do VAT properly

It is bad business to: Overpay or underpay VAT and to pay VAT too early or too late!

VATSolve’s Core values …

Good Corporate Governance Compliance with guidelines as per Sarbanes Oxley and King Commission

Information visibility Leveraging systems for business intelligence Visibility is the key to effective risk management

Data integrity and accuracy

Simplicity

The reality for many businesses ...

Good intentions – But poor execution Intention to be compliant, but lacking control and visibility of monthly VAT reporting

Overwhelmed Tens of thousands of VAT transactions each month Difficult to test without visibility

In the dark Internal control systems not geared to monitor and control this volume of VAT transactions for compliance

Blind authorisation – leading to risk VAT is authorised by directors who are legally accountable and may be personally liable (according to VAT

Act), but have little or no confidence in the accuracy of the VAT return Non-compliance can lead to significant penalties and interest

Fear of a SARS Vat Audit

Wasted opportunities?

Throwing away profit? Your company may be throwing away millions in profits each year through lack of control

of VAT returns

Missing a big cash flow opportunity? By only claiming inputs in the period they were captured?

Benefits of VATSolve

High visibility of your VAT transactions Audit friendly solution:

Historical visibility Balances back to financial ledger Provides comprehensive audit trails

Fast and efficient business tool for comprehensively interrogating your VAT data Looks at all the VAT transactions User friendly – reports into Excel ,

pre-defined pivot tables and PDF Touch of a button drill down capability SAP Compatible

Cost effective solution

Ready-made product: Makes you self-sufficient in managing

your VAT compliance Not reliant on expensive, external

consultants (data miners)

Trusted solution

Used by a growing number of large corporates in SA Including a “Big 4” audit firm

Used internally by credible SA VAT experts

Combines local VAT expertise with world class software design

Satisfied Customers

Key features & Exclusive modules

CONSOLIDATION module with individual Companies Dashboard

CASH FLOW benefits function fully automated with Next Period transaction drill downs

HISTORICAL / ANALYTICAL comparisons to assist Risk Management

CUSTOMIZATION available for specific requirements

EXCEPTION REPORTS with on screen viewing, drill downs and pivot tables

RECONCILES back to General Ledger VAT control accounts

NO DATA is written back to ERP system

COMPLETE FULLY AUTOMATED HISTORICAL data with saved per VAT Period

PROUDLY SOUTH AFRICAN - Local expertise with world class design

The bottom line …

VATSolve gives you:

Control of your VAT transactions

Self sufficiency

Confidence and Peace of Mind that your VAT returns are reliably accurate and compliant

Integrity through Visibility