Technology Products and Solutions
Digitisation and automation of tax and finance functions - The way forward
With the rapid advancement in technology, organisations are quickly adapting, transforming and automating their business processes and functions with new-age technology solutions. Digitisation and automation have become a necessity for organisations to increase efficiency and profits, along with better mobilisation of available resources.
Digitisation and automation of the tax and finance processes not only helps improve transparency but also alleviates the undue burden and excessive dependency on personnel. It ensures timely compliance, cost optimisation and risk mitigation and helps in unlocking value with the help of technology. We offer an array of intelligent and sophisticated solutions that are designed to create a robust digital tax and finance ecosystem within the organisation.
We understand your challenges
At BDO India, our domain experts understand the challenges faced by organisations and have developed adept technology solutions to specifically address these challenges:
- Lack of real-time analytics, insights and tracking of compliances
- Slow or inadequate management reporting
- Lag in timely and accurate tax compliance with accounting
- Transactional data not copiously reconciled
- Difficulty with tracking and managing tax litigation cases
- Lack of dependency on key team members
- Manual tasks and duplication of efforts, failing to leverage technology
- Inefficient and outdated processes that can be addressed by automation
- Overdependency on manual data management
- Ongoing changes to regulatory and business activities
- Unstructured workflows and approvals for compliance, accounting and data management
- Delay in the exchange of data and communication with external stakeholders.
How we can help
Our proprietary technology solutions are designed to address the comprehensive tax and financial needs of our clients. Leveraging our experience as a global firm, our products and solutions combine expertise across tax, business and finance advisory to develop applications and products that address the requirements of evolving regulatory environments and growing businesses.
Our Products and Solutions
Security
In today’s interconnected world, companies rely on several applications to run and manage their businesses efficiently. This, in turn, exposes them to data breaches and cyber-attacks.
We understand and recognise the importance of data security and follow a comprehensive security plan that covers all aspects of an application’s lifecycle, from development to deployment. Our solutions are equipped with a variety of security measures and controls, including:
- 3-tier security architecture, segmenting authentication, authorisation and access layers
- Security processes certified with ISO/IEC 27001:2013
- TLS v1.2 enabled security structure
- AES-256 encryption to defeat any sniffing attack across the network
- Database hardening policies implemented to access data in the database by enforcing careful user roles
- Firewalls deployment with DDoS protection tools before load balancers to ensure only genuine traffic passes through and prevents any network abuse
- Periodic Vulnerability Assessments & Penetration Testing (VAPT) from independent certified auditors
- Deployed and build on ISO-certified Microsoft Azure platform.