A global professional services company, wanted a solution to help clients distinguish between the book value and tax value of a lease.
Existing tools did not support lease-deferred calculation to comply with legislation.
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Infosys developed a custom-built Web application that allows the professional services company’s clients to enter tax data, analyze and identify differences between the book and tax value of a lease, and enable the company to address the difference in value.
Our team used the Agile methodology over four three-week sprints. Progress was monitored online using Azure DevOps, enabling stakeholders to view project status, from requirements to deployment.
Our Microsoft Azure Cloud-based solution integrated ASP.NET API components with Microsoft Azure Platform services.
Lease information related to each client was hosted in a multi-tenant instance to segregate each client’s data. Each client instance has a dashboard with Google Maps, a list of all leases with respective summary, option to view lease details, perform required tax calculations, add or upload files with lease information along with accounting information. Significantly, the system can generate seven reports from the latest data.
By clocking US$ 2.8 million in the opening year, US$ 4.8 million and US$ 5.2 million in the subsequent year
Client satisfaction: Our solution meets the client's needs for lease tax.
Brand recognition: This application enables the professional services company to enter new markets and engage clients. It is looking to onboard 150-200 clients over a period of one to three years.