Retail People Magazine asks Infinite about VAT introduction

  • Written by urszula.jakubczyk@infinite.pl

Infinite IT Solutions talks about preparing for VAT introduction using e-invoicing and e-archiving solutions.

In the latest issue of Retail People Magazine, the publication of Middle East Council of Shopping Centres on the retail industry in the ME, Łukasz Spirała emphasizes the role of e-invoicing and e-archiving solutions in achieving VAT compliance.

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Mustafa Koita Food and Beverages Trading LLC has implementing Infinite EDI Suite.

We are pleased to announce that Mustafa Koita Food and Beverages Trading LLC has started its transformation towards paperless transactions by implementing the Infinite EDI Suite platform. A transition from a paper-based exchange of documents to a digital format provides great advantages. Mustafa Koita Food and Beverages Trading has decided to move from a paper-based exchange of business document to one that is electronic and fully integrated with their ERP system.

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E-archiving is an enabler in prepping for VAT

  • Written by urszula.jakubczyk@infinite.pl

January 2018 marks the moment for all VAT registered businesses across the GCC to start keeping records of their transaction documents: invoices, records, VAT returns, accounts and others. According to the Tax Procedures Law recently released by the President of the UAE, the retention period of VAT records for all UAE-based businesses will be 5 years. This new obligation will be particularly challenging to organisations with a big volume of documents, such as trading companies, because it implies extra administrative duties and additional costs of space rental. With this in mind, electronic archiving appears to be a true enabler and facilitator for GCC businesses, offering compliance with the legal changes and easy access to transaction documents for tax audits.

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Five reasons why your company should go Paperless.

Every company regardless of its business can become Paperless, because thanks to IT we can turn documents into their electronic counterparts. Running a production company we are dealing with shift work and numerous requirements to meet, then T&A Attendance Management system comes to the rescue. When we have a large number of protocols, consents from customers, then we can implement e-signing so that customers can sign on the tablet. Then we do not have to print anything and nothing will be lost. When your company has many distribution channels, you can have all orders in one place, control inventory and at the same time have information on how the competition works. Each company has different processes and other needs that can be digitized, which will bring many benefits. Below 5 of the most important ones that are noticeable from the moment of implementation.

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Gear up for VAT with e-invoicing

  • Written by urszula.jakubczyk@infinite.pl

With VAT being introduced in January 2018 across the GCC, the process of invoicing gets as important as never before. VAT adoption implies that companies charging VAT on supplies will have to issue VAT invoices as an evidence of a sales transaction. Invoices can be issued and exchanged with business partners in paper, however, it is the electronic invoicing, or e-invoicing, that can ensure a smooth transition of your business to the new VAT regulations. Let’s examine the key requirements under VAT and explore how e-invoicing can help introduce full transparency in terms of invoice circulation (between sellers/buyers and tax authorities) and avoid any potential penalties arising from non-compliance.

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Issues to discuss with your IT provider in relation to the VAT introduction in the GCC

  • Written by urszula.jakubczyk@infinite.pl

VAT introduction will transform the way trading companies across the GCC conclude business transactions. New VAT requirements bring about the necessity to re-configure your enterprise software. With few months still left till the VAT go-live date, now is the right time for companies across the GCC to evaluate technological capabilities of existing IT solutions and implement new enterprise software to get ready for VAT implementation.

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Customers sign documents on the tablet in Orange. This is the effect of the operator's cooperation with Infinite IT Solutions and Samsung.

Over 100,000 Orange Polska customers in nearly 200 operator's showrooms signed documents on the tablet using a biometric signature. It means that over half a million sheets of paper have been saved in three months. Sales and service documents in electronic form are easier to send and catalogue. This solution can be adapted to the needs of various companies or institutions.

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Carrefour UAE partners with Infinite IT solutions for EDI system

  • Written by urszula.jakubczyk@infinite.pl

Carrefour is one of the largest hypermarket and supermarket chains in the world. The brand was launched in the region in 1995 by Majid Al Futtaim which holds the exclusive rights to operate Carrefour in 38 countries Carrefour UAE has launched an Electronic Data Interchange (EDI) platform, provided by Infinite IT Solutions to enhance cooperation with its suppliers. By implementing Infinite EDI system, selected trade documents can be sent and received electronically, replacing communications through e-mail and fax.

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BUSINESS WITHOUT PAPER - PAPERLESS

Running a business without the unlimited number of paper documents often seems almost impossible. Tens of reams of paper and printer ink tanks most often open a shopping list of larger and medium-sized enterprises. Meanwhile, a paperless office is no longer just a figment of futurists, but it is slowly becoming a reality. Meet the Paperless process, which implements more and more entrepreneurs.

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Infinite joins Middle East Council of Shopping Centres

  • Written by urszula.jakubczyk@infinite.pl

Infinite – IT Solutions has become a member of the Middle East Council of Shopping Centres (MECSC), a vibrant community of retail professionals dedicated to promote and develop the shopping industry across the Middle East. Infinite decided to join MECSC to actively participate in this professional forum for exchange of ideas and share its technological expertise gathered while deploying integrated IT solutions for companies from retail, DIY and FMCG in the GCC. 

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INFINITE IT SOLUTIONS AT THE CONFERENCE OF ACCOUNTING & FINANCE SHOW ME.

Infinite IT Solutions has pleasure to invite you to participate at Accounting & Finance Show ME organised by the Terrapinn Middle East, Dubai. The conference will take place from 7th November (at 9:00 am) till 8th November 2018 (till 4:30 pm) at the Le Méridien Dubai Hotel. 

If you want to improve communication with your Partners, receive customer payments faster, have access to everything at your fingertips - talk to us. We will share with you our experience and we will tell you how to do it. Our solutions (e-Invoice Suite, e-Archive Suite, e-Sign Suite) automate and enhance key business processes and streamline your business. We will show you how to build a Paperless strategy in your company.

We are waiting for you at Accounting & Finance Show ME at stand no. 7.

Register now: http://www.terrapinn.com/exhibition/accounting-finance-show-me/index.stm

 

Improving sales representatives productivity with mobile solutions SFA/CRM

  • Written by urszula.jakubczyk@infinite.pl

Working offsite is typical for sales representatives in various companies in the GCC region. Given the overheads incurred by each sales rep on a daily basis (e.g. travel expenses, phone calls, etc.), more and more companies with mobile salesforce in the GCC decide to adopt SFA and CRM solutions, such as Infinite SFA/CRM Suite, that allow to measure and improve productivity of their staff. As IDC expects, in 2017 companies in the UAE alone will spend $6.2bn on IT – and mobility is named as one of the investment priorities. How Sales Force Automation systems can help your sales representatives sell faster and make informed decisions?– have a read.        

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Workflow Management System - redefine the document flow of your company

  • Written by urszula.jakubczyk@infinite.pl

Just like the introduction of the assembly line once revolutionised manufacturing, workflow management systems can redefine the document flow of UAE businesses. From the perspective of a single user, workflow is a task assigned which is the part of a whole project. However, in a wider view, workflow is an efficient and widespread method of team & task management within an organisation. Workflow is a mechanism which deserves a closer look and due consideration by every business entity looking to streamline its document-related processes.    

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Sign business documents faster using innovative e-Sign

Contracts, protocols, invoices, complaints, reports, statements... The business life revolves pretty much around such business documents. Dealing with these docs is something you cannot avoid – whether you are a SME or a large corporation. Then, how can you make the process of business document signing faster and more secure? Signing documents on a tablet, or e-Sign, – innovative technology powered by Infinite IT Solutions – is the answer. Not only does e-Sign enhance the process of signing contracts and other business documents, but also makes the company operational activities as a whole much faster.

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SFA/CRM solutions to deliver success to the UAE businesses

  • Written by urszula.jakubczyk@infinite.pl

Rapidly growing economy of the UAE, stable population growth and trade expansion among other GCC countries, increase the demand for modern IT business software. Companies from retail, trade, food and beverages, freight transport and healthcare industries are ranked among the fastest growing sectors, looking to automate their operations and increase the market share.

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E-invoicing in the UAE – how to achieve compliance?

  • Written by ewelina.ogrodniczuk@infinite.pl

While electronic invoicing is a proven way to make B2B transactions faster and more accurate, it is also the solution that complies with the UAE law. Legislation addressing the lawfulness of such electronic transactions has been in place for some time already in the UAE, making electronic invoices as legitimate as paper invoices – it’s all about meeting certain criteria.

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Polish IT companies noticed in the international arena

  • Written by urszula.jakubczyk@infinite.pl

More and more Poland-based IT companies start to operate across the national boundaries and successfully compete with IT multinationals. Long-term projects on behalf of global players started in Poland are on a number of occasions branched out to other countries. Such projects are repeatedly the starting point of international expansion of Polish IT companies. The trend goes hand in hand with growing appreciation of Polish IT specialists abroad.

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Infinite EDI Suite deployment at NTDE Group in the UAE

  • Written by urszula.jakubczyk@infinite.pl

NTDE – the leading FMCG distributor in the UAE, along with its sister 3PL company – INL, decided to deploy Infinite EDI Suite to support its supply chain network.

Under the contract concluded, the EDI provider – Infinite IT Solutions – is to establish Electronic Data Interchange (EDI) between NTDE Group and its business partners across the globe.

This means that transaction and transport documents will be exchanged automatically, hereby replacing communication by fax, email, and post.

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How to prevent business data loss?

  • Written by urszula.jakubczyk@infinite.pl

Business data is of key value to every company these days. As IDC estimates, we generate 7 times more business data than just 5 years ago. Given such a surge, IT solutions for storing, processing and sharing business data have turned into a must-have in the business environment.

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AAW picks Infinite EDI Suite for its Kuwait operations

  • Written by urszula.jakubczyk@infinite.pl

Ali Abdulwahab Al Mutawa Commercial Co – AAW Consumer Department, has entrusted the project of establishing EDI connection with its business partner to Infinite IT Solutions. With the EDI portal, trade documents will be exchanged electronically, thus removing manual document handling. Also, Infinite IT Solutions will integrate the EDI solution with the ERP software to ensure smooth transfer of business data.   

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E-invoicing at a Glance

  • Written by urszula.jakubczyk@infinite.pl

The attempt to streamline the circulation of incoming and outgoing documents is the top driver for companies to adopt e-invoicing solutions. The demand for such specialised systems is on the rise, what is reflected in the current business reports. According to the Electronic Invoice Adoption Benchmark as many as 46% of enterprises are considering to launch the software facilitating e-invoicing.

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INFINITE IT SOLUTIONS DMCC

1 Lake Plaza, Unit: 401

P.O. Box 338107

Cluster T, Jumeirah Lakes Towers

Dubai, U.A.E.

phone: +971 4 584 6951


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