KSA to transform revenue collection with SAP.
The Kingdom of Saudi Arabia's Department of Zakat and Income Tax (DZIT) has announced a transformation of its revenue collection with SAP.
KSA is developing its
knowledge-based economy, with the DZIT collecting SAR 20bn in revenue in
the first half of 2014.
"By gathering and analysing Big
Data from a variety of sources, the Kingdom's Department of Zakat and Income
Tax can match and mine data to find irregularities and potential fraud, which
in turn would increase government revenue," said Ahmed Al-Faifi, Managing
Director, SAP Saudi Arabia. "The SAP HANA platform will also enhance citizen
services by supporting DZIT's online and mobile expansion."
SAP and systems integrator Invenio are providing the DZIT with
the integrated business software platform in a bid to make revenue collection faster,
more efficient, and more accurate.
In May 2015, the DZIT will deploy
the SAP Fraud Management and SAP Public Sector Revenue Management solutions, powered
by the SAP HANA platform.
2014 ITP Business Publishing Ltd. All Rights Reserved. Provided by SyndiGate Media Inc. ( Syndigate.info ).
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|Date:||Sep 2, 2014|
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