Since its inception in 2003 Finvision has remained focussed exclusively on Value Added Tax (VAT) and the development of exceptional VAT saving solutions for medium to large organisations. Finvision is committed to service excellence and adds value by empowering clients to achieve optimum VAT efficiency.
We have successfully integrated our specialist expertise with sophisticated information technology and our proprietary methodology, thereby creating an unparalleled service offering that sets new standards in the VAT environment. The results of our reviews are comprehensive, highly accurate and always bear witness to our promise that we leave no figure unturned in our search for VAT solutions.
COMPETITIVE EDGE
We attribute our competitive edge to the following:
• a
specialist is involved in every stage of the Review. We do not make use of trainee accountants;
• the
exceptional skills base of the Team, which enhances the dynamics of every VAT Review;
• our
unique approach to the analysis of data, which combines sophisticated software with proprietary methodology;
• our competitors mostly select certain general ledger (GL) accounts, which typically yield savings, for review. We believe in a holistic approach and hence our review encompasses a full review of all transactional data that populates the full GL, for the preceding 5 years. Our review therefore includes all journals, sub ledgers, cash books etc. In other words
every single transaction is reviewed.
• only charging for our services once VAT recoveries or savings are realized, in other words our fees
are paid from savings achieved. In the event that no savings are achieved, no fee is charged;
• requiring
minimal staff involvement during the conduct of our Reviews, thus ensuring no disruption to the day-to-day activities of the organisation; Our review methodology relies heavily on technology. We use advanced ACL queries to generate exception reports that identify instances where the expected VAT treatment of a transaction differs from the actual VAT treatment thereof. These exception reports are then analysed by highly qualified staff, taking into account possible journal corrections etc, to determine the validity of the exception. As a result of our approach we require virtually no interaction with the client other that the original data extraction and review of our report.
• in identifying both savings and risk areas we identify the
training needs of the staff responsible for the performance of the tasks giving rise to the related errors;
•
transfer of skills to the client’s staff so as to ensure that errors detected are not repeated in future
CORPORATE VALUES
Professionalism and Integrity
Professionalism and integrity are regarded as the corner-stone of our corporate values. We ascribe to the highest ethical standards and moral principles in the performance of our services, and always display the competence and due care expected of professionals.
Confidentiality
We regard our clients’ information and data with the utmost confidentiality and every care is taken to protect and safeguard it.
Dedication
We are dedicated to creating value for our clients by developing and providing advanced VAT solutions and services of premium quality.
Passion
We are passionate about VAT and will go the extra mile in search of solutions.