Finesse partners with Image InfoSystems to implement VAT systems for enterprises with a special focus on Banking and Financial institutions
Dubai, Nov, 2017 – Finesse, the most trusted System Integration Company in the GCC region, 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 organization’s technology landscape. .
Finesse, with a strategic vision to assist organizations in this transition, has tied-up with Image InfoSystems, providers of ExpressTXR, a high-performance transaction processing platform that enables collection, organization 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 organizations in the region with the necessary capability to comply with the regulations.
Mohan Das P, Managing Director of Image Info LLC said “Image InfoSystems offers its experience and expertise, embodied in the product ExpressTXR, to provide the capability and the platform for organizations 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”
About Image InfoSystems
Image InfoSystems, an ISO 9001:2008 and ISO 27001:2005 certified company, is focused on building products and solutions for the banking industry, based on state-of-the-art technologies for processing and settlement of payment transactions. The focus is also on open standards, formats and technologies to ensure easy integration with other products and applications by incorporating modularity, configurability and flexibility in product design and development.