The amendment to the regulations has obligated entrepreneurs to verify the correctness of the bank account on which the payment is processed. The new legislation extends the catalogue of business due diligence. So far, it has been sufficient to verify the status of the taxpayer. As a result of the changed regulations, it is necessary to verify business partners and suppliers in a more extensive way, during many daily accounting activities. Automation of this operation will allow maintaining the fluidity of processes and data flow. By storing verification history, there is a proof in the system in case of a tax audit.
Apollogic White List
Maintain due diligence while cooperating
with your suppliers
What is the white list of VAT taxpayers?
Apollogic White List solution
Helpful query history
Apollogic White List allows automatic sending of queries from the SAP system to the National Treasury Administration and VIES databases, receiving answers and saving them in the system.
Integration with your processes
The tool may be active during everyday processes such as entering an invoice or creating payment orders. The solution enables to check all suppliers present in the database. Optionally, it is possible to block negatively verified companies.
Always up to date
Apollogic White List allows adding functionalities according to individual requirements, e.g., the possibility to check the tax number status of suppliers in a certain settlement period.
Who is this solution for?
Accounting specialists carrying out payments
People responsible for maintaining basic data
in the system
Sales department employees entering invoices
and creating orders, contracts and framework
Check out the offer and modules to choose
Regular status checks will automate the verification of counterparties – bank account and VAT ID number. Financial processes will remain undisturbed, which will allow maintaining the current base of suppliers consistent with the white list of taxpayers and the VIES database.
Apollogic White List solution stores the supppiers verification history from any day, which in case of an audit may be the proof of maintaining due diligence in terms of taxpayers’ verification.
Possibility to add functionalities according
to individual requirements
Integration of Apollogic White List
with your SAP system