How they describe themselves: Taxnology Innovations is building an EU wide, online, digital tax compliance center, where taxes can be easily managed through a web-based application with a data upload in a standard, pre-structured way.
We currently provide our system in Hungary, focusing to tax (VAT) registrations in Hungary, Hungarian VAT returns, and on-line invoicing, but we are developing our system, and soon we will expand our services to other EU markets. To do this, we are a seeking partnering opportunities and funding, where professional partners (like advisory firms) are able to deal with professional questions coming from our clients and want to participate in our project with implementation of the system and updates of the applicable rules.
How they describe their product/innovation: Taxnology Innovations’ web-based solution is designed to make business administration processes (tax management) digital, operable independently from any platform, while all the data will be stored in a structured way in a cloud, easily available also years later for any purposes, like for tax audits or financial analysis. We provide our system in Hungary, focusing to the Hungarian VAT registrations, VAT returns and on-line invoicing.
The data necessary for the VAT return should be provided in a pre-structured way (alternatively, we will adjust our interface to other systems), and our digital business machine will prepare the VAT return, which can immediately be filed.
With this solution tax management can be smooth and centralized.
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms
Bus. Dev. & Press: László Soós, Bus. Dev. Director, firstname.lastname@example.org