Cygnet Infotech, a leading technology company, strengthens its presence in the Middle East, India and Europe
DUBAI, United Arab Emirates, September 22, 2021 / PRNewswire / – Cygnet InfoTech is a global technology company headquartered in Ahmedabad, India. It is one of the most trusted indirect tax solution providers. Over 130 million electronic invoices in India are generated through the Cygnet Tax Tech compliance portal. It is now becoming a renowned player in the global Tax-Tech market.
Cygnet Infotech has strengthened its roots in Middle East Region. It recently launched its electronic invoicing platform for Kingdom of Saudi Arabia. It is accredited as a qualified solution with the General Authority of Zakat and Taxes (GAZT). It will now provide technical solutions for the issuance of electronic invoices and electronic notes. This will allow businesses to comply with the implementation of the electronic invoicing system by Kingdom of Saudi Arabia.
With the recent VAT regulations implemented in Oman region, Cygnet Infotech has extended its corporate VAT compliance platform by Oman. Cygnet Infotech is working with one of the largest retailers in the region to comply with VAT regulations.
On these recent developments, Founder & CEO, Niraj Hutheesing said, “We are very happy that the General Authority of Zakat and Taxes (GAZT) has trusted us. Cygnet Infotech will continue to provide strong technical support with its Tax Tech platform. We provide end-to-end automated solutions for all compliance requirements across regions and are truly excited to have reached new markets like Kingdom of Saudi Arabia, Oman, United Arab Emirates etc, with India, United Kingdom and the rest of the Europe after providing our technology-based tax solutions to over 500 companies in the past. ”
Cygnet Infotech’s technological expertise is based on a building block architecture and equipped with hyper-automation capabilities that take advantage of RPA, AI-ML, ETL tools and out-of-the-box integrated connectors. This will allow businesses to automate their data extraction and compliance submissions. Cygnet Infotech has proven its expertise in all regions by implementing such solutions with multiple ERP and legacy systems.
Cygnet Infotech also announced the acquisition of euVAT Online, a UK-based company that provides a cloud-based VAT technology solution. euVAT online has been at the forefront of VAT technology for over 20 years. Their product is widely used by CFOs and tax directors of large, leading companies and by leading international tax advisers. It provides solutions for all aspects of professional back office support for indirect tax filing.
This newly acquired solution will allow businesses and tax professionals to automatically manage their VAT claims, report management for VAT returns, and directly link and integrate their Amazon systems to prepare a file ready for VAT returns to respective authorities. As part of this acquisition, the euVAT online management team will now join the UK subsidiary of Cygnet Infotech. The acquisition will lead to an enhanced ground presence and a new customer base for Cygnet Infotech across the UK and the rest of the Europe.
The company has increased its workforce by 25% over the past year. It also underwent a rebranding exercise to unify all of its sub-brands under one main Cygnet Infotech brand.
About Cygnet Infotech:
Founded in 2000, Cygnet Infotech works with clients in 35 countries and has teams in several regions. Cygnet Infotech’s offerings range from technology services, products and tax technology solutions. Aligned with its vision of providing technology-based business solutions, Cygnet Infotech provides end-to-end solutions for customers’ most pressing business needs.
Cygnet Infotech works with Fortune 500 companies, mid-sized businesses, fast-paced start-ups, and government agencies. Its wide range of solutions includes tax technology solutions, digital transformation, product engineering, robotic process automation, test automation, digital signature solutions, and more. Find out more about: Cygnet Infotech
Commercial contact | Akash Choudhary: [email protected]
Media contact | Arushi Dhar: [email protected]
SOURCE Cygnet Infotech