RTC Suite

TL;DR

What it is: An all-in-one cloud platform for automating global tax and document compliance.
Primary Benefit: Simplifies complex multinational tax reporting by integrating with existing ERP systems and staying current with global regulations.
Ideal User: Multinational corporations using ERPs like SAP, Oracle, and MS Dynamics who need to manage diverse global compliance requirements.

What is RTC Suite

RTC Suite is an AI-powered tax compliance and regulatory technology (RegTech) platform designed for multinational organizations. It solves the core problem of managing and adhering to complex and ever-changing global tax and e-document regulations. Operating as a cloud-based solution, it integrates directly with a company's existing Enterprise Resource Planning (ERP) system to automate the entire compliance workflow, from data extraction and formatting to submission to tax authorities. RTC Suite functions as a centralized hub for managing various compliance needs, including e-invoicing, statutory reporting, and VAT returns, across multiple jurisdictions from a single cockpit.

Key Features

Seamless ERP Integration: Connects directly with major ERP systems like SAP, Oracle, and MS Dynamics without requiring add-ons or local code changes. This ensures a smooth, secure, end-to-end data flow from your source system.
AI-Powered Data Processing: Utilizes Artificial Intelligence and machine learning to automatically collect, read, and convert data from various sources into the specific formats required by different tax authorities, enhancing accuracy and reducing manual effort.
Global Compliance Engine: The platform stays constantly updated with worldwide regulation changes, such as e-invoicing mandates and reporting standards. This eliminates the need for internal teams to track complex legislative updates manually.
Unified Management Cockpit: Provides a single, intuitive interface for users to manage, monitor, and control all their global compliance obligations. This centralized view streamlines operations for finance and tax teams in multinational companies.
Comprehensive Compliance Modules: Offers a wide range of dedicated solutions for specific requirements, including e-Invoicing, Standard Audit File for Tax (SAF-T), VAT in the Digital Age (ViDA), VAT Returns, and Intrastat reports.
Certified Data Security: Prioritizes data protection with ISO/27001, ISO/22301, and ISO/20000 certifications, ensuring that sensitive financial data is handled within a robust and secure infrastructure.

Who is RTC Suite for?

Multinational Corporations: Companies operating across multiple countries with complex tax and reporting obligations.
Global Finance and Tax Teams: Professionals responsible for ensuring statutory and tax compliance across different jurisdictions.
Companies Using Major ERP Systems: Organizations that rely on SAP, Oracle, Microsoft Dynamics, or other ERPs as their primary financial system.
Chief Compliance Officers: Executives looking for a centralized, automated solution to manage regulatory risk and ensure enterprise-wide compliance.

Key Use Cases & Applications

Automating the generation and submission of e-invoices to comply with government mandates in different countries.
Creating and filing Standard Audit File for Tax (SAF-T) reports for tax audits and regulatory requirements.
Preparing for the European Union's VAT in the Digital Age (ViDA) reforms for e-reporting and e-invoicing.
Streamlining the preparation and filing of periodic VAT returns, Intrastat reports, and EC Sales Lists.
Automating Accounts Payable (AP) and e-banking reconciliation processes through deep ERP integration.

Pros

Deep, native integration with major ERP systems (SAP, Oracle, MS Dynamics) simplifies data connectivity.
Offers a true end-to-end solution, from data extraction to direct submission to tax authorities.
A unified platform to manage diverse global reporting requirements significantly reduces complexity.
High-level security certifications (ISO 27001, 22301) provide assurance for handling sensitive financial data.

Cons

Lack of pricing availabinitl requires engaging in a sales process (booking a demo) to understand costs.
The platform's power and scope may present a steep learning curve for teams unfamiliar with advanced RegTech solutions.
As an enterprise-grade solution, the implementation process might be more complex and resource-intensive than the marketing suggests, likely requiring dedicated partner support.

Pricing Info

Pricing is not publicly available, You need to contact them.

FAQs

What ERP systems does RTC Suite integrate with?

RTC Suite is designed for seamless integration with major ERP systems, including SAP (on which it is built via SAP BTP), Oracle, and Microsoft Dynamics. It is also compatible with other ERP systems, offering a single connection point for data automation.

How does RTC Suite handle the constant changes in tax laws around the world?

The platform is purpose-built to stay ahead of regulatory changes. The RTC Suite team continuously monitors global tax technology trends and legal updates, incorporating them into the platform to ensure clients remain compliant without needing to track these changes manually.

Is RTC Suite a cloud-based platform or on-premise software?

RTC Suite is a fully cloud-based platform. This means there is no need for extensions, add-ons, or downloads on your local system, and it provides secure, end-to-end connectivity to tax authorities and business partners.

What kind of security measures are in place to protect our financial data?

RTC Suite prioritizes data security and privacy. The platform is certified with ISO/27001 (Information Security Management), ISO/22301 (Business Continuity Management), and ISO/20000 (IT Service Management), ensuring robust protection for sensitive compliance data.

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