South African Revenue Service Receives Complete Return on Siebel Investment 'In One Month', Reports CIO during Siebel European User Week Keynote Address.Business Editors/High-Tech Writers Siebel European User Week 2004 CANNES, France--(BUSINESS WIRE)--April 21, 2004 South African Government Saves $3 Million Each Day and Transforms Citizen Service Using Siebel Public Sector Single View of the Taxpayer Speaking at Siebel User Week 2004, Cannes, Ken Jarvis, CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. , the South African Revenue Service The South African Revenue Service (also known as SARS) is the section of the South African government responsible for collecting taxes, tariffs, duties and all other forms of revenue levied by the South African government. SARS was formed by the merger of the S.A. , today highlighted the remarkable gains made by the tax and customs revenue collection arm of the Government of South Africa The Republic of South Africa is a constitutional democracy with a three-tier system of government and an independent judiciary, operating under a Westminster-styled parliamentary system. South Africa's government differs greatly from those of other Commonwealth nations. . During his keynote address keynote address n. An opening address, as at a political convention, that outlines the issues to be considered. Also called keynote speech. Noun 1. , Jarvis announced to more than 1,500 Siebel customers, partners, and industry observers that the South African Revenue Service had experienced a complete return on its Siebel investment in one month. The South African Revenue Service is saving almost $3 million each day--equivalent to approximately $90 million every month--following its deployment of the Siebel Public Sector Single View of the Taxpayer solution. South African Revenue Service deployed Universal Application Network (UAN UAN - User Action Notation. A notation from VPI for representation of activity in a graphical user interface. [H. Hartson et al, ACM Trans on Info Sys, July 1990]. ) featuring Siebel Business Integration Applications among 3,000 staff in less than four months. It has integrated eight core tax systems, including PAYE PAYE abbr. 1. pay as you earn 2. pay as you enter PAYE (in Britain, Australia and New Zealand) pay as you earn; a system by which income tax is deducted by employers and paid directly to the , Income Tax, VAT and Customs & Excise Tax Excise Tax 1. An indirect tax charged on the sale of a particular good. 2. A penalty tax applied to ineligible transactions in retirement accounts. This penalty is assessed by and paid to the IRS. Notes: 1. . By introducing a single, comprehensive view of individual and corporate tax situations, South African Revenue Service is performing single registration and updates across all tax products. The Service has reduced the time it takes to generate a complete understanding of a typical corporate tax position from 3 weeks to 20 seconds. Moreover, South African Revenue Service is now able to execute immediate and effective debt equalization In communications, techniques used to reduce distortion and compensate for signal loss (attenuation) over long distances. . Importantly, it has transformed the quality of service it provides to South Africa's 20 million taxpaying citizens. Accenture is the lead integrator for deploying UAN, which features Siebel Business Integration Applications running on the IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) WebSphere Business Integration platform. UAN is being utilized in combination with Siebel Call Center to enable the new system. Speaking at Siebel European User Week 2004, Jarvis said, "When we are asked about how quickly the South African Revenue Service expected to receive a return on its Siebel investment, we usually quote a couple of months, simply because so few people would believe a return on investment could be achieved in one month--but it has," he said. "UAN has enabled the South African Revenue Service to overcome the cost, complexity, and time involved in traditional integration solutions. The fact that the Service was able to integrate so many applications in just 16 weeks is also exceptional. This standards-based integration architecture is one of the most remarkable business integration solutions I have ever seen." Jarvis continued, "Quantifying the value of the benefits has been conducted by estimating and scaling from sample data in the line-of-business systems. Take VAT, for example. By offsetting a one percent VAT refund owed to a company against other taxes that are due--which is a conservative assumption--the South African Revenue Service yields millions of dollars a month in savings. A five percent offset, which is a more likely assumption, yields five times as much." Challenged with the loss of tax revenues and excise duties excise duties npl → impĂ´ts indirects excise duties excise npl → Verbrauchssteuern pl excise duties npl → owing to owing to prep. Because of; on account of: I couldn't attend, owing to illness. owing to prep → debido a, por causa de fragmented taxpayer information, the South African Revenue Service developed a multi-million dollar business case for 'Single View'. This solution enables tax advisors and call center agents to easily access the full taxation status of customers, which were hitherto locked away in six separate tax and customs systems. Implemented among 3,000 staff in two phases over a 16 week period, it involved the real-time integration of the main line-of-business systems: PAYE, Income Tax, VAT and Customs & Excise Tax. By aggregating separate customer tax records from the line-of-business legacy systems, Single View represents a significant strategic enhancement to government tax management. For the first two phases alone, the benefits include more accurate tax liability assessment, fewer data-entry errors, and a faster, more accurate response to tax enquiries. Whereas it used to take up to two weeks to ascertain a complete understanding of a company's tax situation, the single view means staff can now receive this information within 20 seconds. For more information about Siebel Public Sector applications, visit http://www.siebel.com/products/industries/public_sector/index.shtm. About Siebel Systems Siebel is a brand name of Oracle Corporation. Siebel Systems, Inc., founded by Thomas Siebel in 1993, was principally engaged in the design, development, marketing and support of CRM applications. Siebel Systems, Inc. is a leading provider of business applications software, enabling corporations to sell to, market to, and serve customers across multiple channels and lines of business. With more than 4,000 customer deployments worldwide, Siebel Systems provides organizations with a proven set of industry-specific best practices, CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. applications, market-leading analytics products, and business processes, empowering them to consistently deliver superior customer experiences and establish more profitable customer relationships. Siebel Systems' sales and service facilities are located in more than 30 countries. For more information about Siebel Systems, Inc., or to review other customer success stories, please visit www.siebel.com. Except for the historical information contained herein, this press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risk or uncertainties. Future operating results of Siebel Systems may differ from the results discussed or forecasted in the forward-looking statements due to factors that include, but are not limited to, risks associated with customer relations, such as the availability of Siebel Systems' products and services, customer implementation of products and services, relationships with customers, third-party vendors and systems integrators, concentration of revenues in a relatively small number of customers, existence of errors or defects in products, ability to successfully manage growth, significant current and expected additional competition and the need to continue to expand product distribution and services offerings. Further information on potential factors that could affect the financial results of Siebel Systems are included in Siebel Systems' Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. and its other filings with the Securities and Exchange Commission, which are available at www.sec.gov. Siebel Systems assumes no obligation to update the information in this press release. Siebel is a trademark of Siebel Systems, Inc. and may be registered in certain jurisdictions. All other product and company names mentioned are the property of their respective owners and are mentioned for identification purposes only. |
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