• Regulatory Requirement

    Ministry of Finance and State Administration of Taxation issued (No. 36, 2016) in Mar. 2016 to call for the full execution of levying business tax into Value Added Tax (hereinafter referred as VAT) from 1st May, 2016. This policy requires financial institutions to reintegrate and improve the existing core business system and adjust their accounting G/L to meet the requirements from the bureau.

  • Solution

    RIKING, a professional software developer always commits to system developing in financial industry for years, with its profound understanding to banks business and data structure, has successfully developed required FINVAT system. FINVAT with its functions of data collection, customer management, supplier management, output/input management, invoice management and report management, aims to meet the demands required by the tax bureau as well as customers.

Functions & Feathers
  • Standard Interface Data Module

    Unified data source ensuring to meet requirements of invoice issuing and tax report submitting and used as internal report designation data source.

  • Flexible Output Rules and Configurative System Process

    Automatic processing to transaction import, P&T separation, G/L adjustment, invoice print, logistics tracking on the basis of customized setting and configuration of different branches.

  • Complete Automation Mechanism

    The system automatically handles the output transaction and generates a blank accounting entry to be automatically sent back to the organization's financial system. The invoice level can be automatically invoicing by preset automation plan, directly connecting to the gold tax software for invoicing printing.

  • Security and Risk Control

    Unified management to multi-level branches and multi-users; flexible configuration of access setting to help reduce the IT risk management; the express management module to help manage and query express delivery process the invoice.

  • Business Optimization

    Through the unified management of software, the operating cost and maintenance cost can be greatly reduced. The automatic processing process can replace the manual processing process, to improve users' work efficiency and guarantee the accuracy and standardization of data and reduce the error rate at the same time.

    Meanwhile, we can help you optimize the regulatory reporting business process and update the system in accordance with the latest regulations issued by relevant regulatory authorities.