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The case for technology in Dubai’s VAT

Posted on January 8, 2018
Category: VAT - Impact on ERP
VAT – Technology and systems An assessment of existing IT systems and its capabilities as well as the required configurations necessary in order to generate VAT compliant data is important. It may be that in some cases, significant changes will be required to your existing IT platforms. These might also include present workflows and processes. Most ERP systems will need to be enhanced and modified to incorporate all aspects of VAT implementation. From your point
LONDON: Technology giant Apple leads the race among other global enterprises to become the world’s first trillion-dollar company. According to The Guardian, financial commentators and investors have predicted that 2018 will herald the first firm with a stock market valuation of USD one trillion or more, if technology share prices continue to rise as they did in 2017. Apple presently leads the race with a market valuation of USD 869 billion on Tuesday. The company
  Openbravo: Inovate reports on some amazing improvements in usability and analysis Openbravo Analytics is a powerful embedded analytics engine pre-included with every installation. And it just got much better!  All you have to do is upgrade to the latest version of Openbravo Analytics – and then reap the benefits of advanced analytics capabilities. And of course, a much more friendly user interface. Openbravo Analytics leverages open source technologies to generate advanced analytical reporting. Standard
  The Point Of Sale (POS) and its effective implementation is critical towards improving efficiency in stores. Openbravo can support all technologies all directed towards minimal waiting times at check out counters.   The Openbravo Web POS, implemented by Inovate, supports various card readers, new barcode scanners as well as RFID Readers. What is a “RFID Reader” and what we can do with it Radio-Frequency IDentification uses electromagnetic coupling to automatically identify tags attached to
Malaysia is the most recent economy to introduce a value added tax. A Goods and Services Tax was implemented in Malaysia on 1 April 2015.   The key ‘lesson learned’ from that experience is that  businesses who began planning for the implementation project early had successful implementations and were ready on go-live date. An early start enabled them to: Facilitate early management responses to issues where guidance from senior management was required which enabled early

emCash – Dubai’s own cryptocurrency

Posted on November 30, 2017
Category: Latest News
Finally. The government of Dubai has revealed details of its own blockchain-based cryptocurrency, called emCash. The government of the city of Dubai will develop and implement emCash, an encrypted blockchain-powered digital currency that will enable citizens to pay for government and non-government services alike. What is a cryptocurrency? A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions, to control the creation

VAT Registration in the UAE

Posted on November 27, 2017
Category: VAT - Impact on ERP
It’s a fairly simple process for VAT registration in the UAE. Businesses should complete an online VAT Registration form which is available through Federal Tax Authority online portal since mid of September 2017. The Voluntary Registration can be started in third quarter of 2017 itself, however, it is mandatory to register in the fourth Quarter. Once the registration is complete, a Tax Registration Number (TRN) will be provided to the applicant. Documents required for VAT

Heralding the new VAT regime

Posted on November 24, 2017
Category: VAT - Impact on ERP
Heralding the new VAT regime – 4 step guide. 2018 will herald the VAT regime in the UAE. All businesses are required to be compliant with the VAT by 1 January, 2018. Here is a simple four-step guide to help you in the UAE to prepare for VAT implementation. If your IT is outsourced we recommend that you get going on VAT implementation immediately. For more details on how we can help with your ERP/
Inovate. Our take on the word innovate which is the cradle of development or progress in all spheres of life. More so, in the world of information technology which has seen tremendous growth in the last couple of decades. “People, Process, Technology” – these are the three key inputs any growing business will have to take special interest in. At Inovate Consulting we take it one step further: “Process and Technology >> Outside In”. Once

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