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Invenio

NBR wins Silver SAP Quality Award

MANAMA, May 6, 2021

The National Bureau for Revenue (NBR) in Bahrain has been chosen the Silver winner of the SAP Quality Awards in the Business Transformation category in the Middle East and North Africa region. 
 
The award is for the successful implementation of a new Tax and Revenue Management system by Invenio. NBR and Invenio worked together to deliver a comprehensive tax system for the tax authority based on SAP’s Tax & Revenue Management (TRM) platform.
 
The prestigious SAP Quality Awards acknowledges and distinguishes customers who have excelled in the implementation of SAP software solutions, using SAP’s ten quality principles. Customers must effectively plan, execute and manage their implementations. They need to achieve them quickly and at a lower cost by meeting today’s demand for rapid time-to-value. Lastly, customers need to simplify business processes and deliver significant benefits to their organisation to be recognised with such an impressive award.
 
The SAP TRM solution is a robust and fully integrated tax administration platform, architected to meet all existing VAT requirements in the Kingdom of Bahrain. But crucially, the system has also been built with flexibility and scalability at its core, to cater to any future VAT requirements. 
 
The rapid pace of implementation helped the NBR to meet all necessary regulatory guidelines and enabled taxpayers to comply with the registration deadline of 1 st May 2019 – a period of just five months since project kick-off. Invenio played a significant role in delivering this complex transformational project, leveraging its global experience in delivering successful large-scale tax system implementation projects.
 
Rana Ebrahim Faqihi, the NBR’s Chief Executive commented: “The award is a great honour for the project team, particularly as it comes after a year of diligent work on the project. It emphasises the importance of continuing to integrate innovation and excellence across different work streams, to ensure the highest standard of service delivery to all stakeholders. We are delighted to work with Invenio, who has contributed with the Information & eGovernment Authority (iGA), in the implementation of the VAT system for the NBR, in accordance with the requirements and standards applied by the Kingdom of Bahrain.”
 
Arun Bala, Group CEO of Invenio commented: “I am delighted that our customer The National Bureau for Revenue, has been awarded with the prestigious SAP Quality Award. My congratulations to the management and staff of the authority as well as to the other agencies and partners associated with the project and in particular the Information & eGovernment Authority (iGA) in The Kingdom of Bahrain. Public Sector has been one of only three focus sectors for Invenio and is the biggest of our three focus sectors. Within that, we’re proud of our unique experience and expertise in the area of Tax and Revenue Management systems for Tax Authorities. This award for NBR is indeed an endorsement of our belief in our core philosophy of “succeeding together” with our Customers and we are glad to have partnered with The NBR on this prestigious and transformational project.  
 
“We look forward to continuing to work with The NBR to further help the authority deliver changes to the platform. Changes that will help them keep pace with the regulatory and legislative changes that are so common and to keep the scalable and flexible platform relevant to the latest trends in digital technologies.” -- TradeArabia News Service
 



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