The EY GST compliance solution, providing high level of integration with user ERP systems to facilitate GST compliance in a holistic manner, is available on SAP Cloud Platform.
DigiGST, EY’s GST compliance solution, is now available on the SAP Cloud platform. The solution provides high level of integration with user ERP systems to facilitate GST compliance in a holistic manner. It also offers better performance and security capabilities with the help of in-memory computing.
The Introduction of e-invoicing and the proposed new GST return system, due from April 2020, mandates an integrated approach towards compliances and necessitates a significant change in tax commercial and finance work processes. In accordance with the same, organizations need to re-evaluate the adequacy of their existing compliance processes, its stability and flexibility to adapt to such regular legislative and procedural changes. EY and SAP have developed a solution that will enable organizations to meet these granular and accurate reporting requirements in a seamless and efficient manner.
“The EY-SAP alliance will offer the same level of assurance in terms of data quality and conformance with GST rules, experienced by existing DigiGST customers. By creating two-way integration with client SAP systems, DigiGST on SAP Cloud Platform will give end users a seamless experience of working on GST compliance. All menu options such as analytics, workflows, compliance summaries and management of individual transactions available on the Cloud platform are also available on the client SAP menu options. The partnership with SAP, will help us further strengthen our market lead and provide more advanced services to our clients for end-to-end GST compliance,” said Venkatesh Narayan, Partner and National Leader, Tax, Technology and Transformation, EY India.
“EY DigiGST solution on SAP Cloud Platform technology will deliver real-time integration to backend ERP, capable of handling complex reconciliation, providing accurate as well as timely reporting. EY on the SAP Cloud Platform are geared to deliver business critical application, on a robust, full-function platform to ensure India Inc. is keeping pace with changing regulations,” said Anand Raisinghani, Vice President – Platform & Technologies, SAP Indian Subcontinent.
