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IMPROVING VAT & TRANSFER PRICING PROCESSES AND BEYOND

Eliminate tedious, repetitive tasks and replace them with intelligent AI technology. for:sight® allows your finance team to automate manual and error-prone processes to achieve greater efficiency, accuracy and insights while being fully compliant with HMRC's mandate.

Tolley's Taxation Awards 2019

TURNING VAT & OTP COMPLIANCE INTO AN OPPORTUNITY

Tax teams reliant on spreadsheets and basic bridging software for business-critical processes are potentially exposed to risk and unaware of the unlocked strategic value an automated solution can offer.

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VAT return inaccuracies

Poor data integrity means businesses are at risk of being in breach of regulations. Frequently managing their financial data in error-prone spreadsheets with no clear audit trail can result in potential fines and reputational damage.

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Lack of visibility

Finance teams have limited visibility of the end-to-end process making it difficult to pinpoint errors. For:sight's ready to use dashboard provides transparency and a centralised data warehouse.

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Time inefficiencies

Many individuals within the finance function are spending an enormous amount of time in spreadsheets performing vacuous, manual tasks. Each period valuable days are lost, painstakingly preparing and checking transactional data rather than focusing on larger value add activities

Group 1713

Stunted career progression

With rising expectations and IT literacy amongst finance professionals, Finance Managers no longer want to spend time on tedious, repetitive tasks. Allowing AI to take care of the heavy lifting means their capabilities can instead be used to add strategic value and enhance their career progression.

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Non-compliance with HMRC mandate

52% of finance professionals are ‘uncomfortable’ to some degree with HMRC's latest VAT mandate requirements. HMRC's ambitious journey to digitise tax has only just begun. Discomfort surrounding mandates will likely only increase until a suitable and futureproof solution is implemented.

WHY FINANCE PROFESSIONALS LOVE FOR:SIGHT

Seamlessly plug in your data

For:sight takes data “as is” removing the need to change the format or use a template. The platform can also manage data from multiple systems reducing data compatibility issues.

Automate any onerous manual processes

Eliminate time spent on merging various data sets, manual adjustments, partial exemptions and FX conversions. For:sight can help enrich your data and overlay business rules to ensure transactions are automatically counted in the correct boxes.

Removal of known and unknown errors

For:sight's AI-powered Consistency Checker conducts a line-by-line check on all transactions and flags any anomalies. Comparatively, Excel formulas will only catch errors known to the user.

Full compliance, control & visibility

For:sight allows unlimited users and role assignments, with a full audit trail of actions. One single view means better collaboration and easier knowledge transferability amongst team members avoiding knowledge loss.

Custom reporting

Fully flexible reporting to meet your requirements. In addition to standard consolidation and period-to-period comparisons, we can customise any other reports tailored to your industry or specific set-up.

Beyond VAT: Operational Transfer Pricing

Built on accounting principles, any transactional data can be configured in for:sight to automate business-critical workflows including Expense Claim Management, maintaining your Fixed Asset Register and more.

ISO-27001 certified

Forsight's 'security by design' development principle means the platform has been built from the ground up with security at its core. It adheres to industry-leading security standards which ensures all measures have been taken to fully protect your data.

User-friendly interface

An intuitive and streamlined user interface makes for:sight a pleasure to navigate and use. The platform's simple layout is easy to master but powerful enough to allow the creation and automation of complex financial processes.

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FOR:SIGHT. DELIVERING CONFIDENCE FOR YOUR BUSINESS

Future proof reporting

Future proof reporting

With end-to-end audit trails, automated exception checking and inbuilt reporting, you’re always compliant.

Improved visibility

Improved visibility

One single view means better collaboration. Stakeholders can work together to achieve faster results.

Greater accuracy

Greater accuracy

Handles, automates and processes large data volumes without the risk of human error.

Increased efficiency

Increased efficiency

Seamlessly integrates with existing systems, speeds up processes and frees your team to focus on business critical activities.

Peace of mind

Peace of mind

Specifically designed to fulfil your urgent need: to get your VAT right first time, on time, every time.

The numbers behind ARKK

85% Customer satisfaction score
890 Customers and counting
100% Of customers saw up to a 70% time reduction

What our customers are saying

MEET THE EXPERTS

READY FOR FASTER, SMARTER TAX REPORTING?

Fill in and submit the form below to see how we can help improve your financial reporting. It’s quick and easy, and we’ll get straight back to you.