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Financial Technology

Ryan Partners With Cygnet Infotech To Expand Its International Tax Technology And E-Invoicing Offering

By Business Wire

Business Wire
Overall Rating

LONDON--(BUSINESS WIRE)--Ryan, a leading global tax services and software provider, announced today it has partnered with Cygnet Infotech, a leading global IT solution provider. This new international partnership will strengthen Ryan’s ability to solve clients’ complex tax compliance and reporting challenges across Europe, the Middle East, and India.

Headquartered in Ahmedabad, India, Cygnet Infotech’s tax technology division, Cygnet TaxTech, offers indirect tax compliance solutions servicing various industries and organisations across the globe including the UK, Europe, and the Middle East. In 2021, its e-invoicing platform for the Middle East was accredited as a qualified solution with Zakat, the Tax and Customs Authority of the Kingdom of Saudi Arabia, and to date is responsible for generating more than 1.75 billion e-invoices globally.

“With the number of new e-invoicing and real-time reporting mandates across different countries and regions, many of our clients are considering more flexible, robust technology platforms to meet these increased compliance requirements,” said Ryan Tax Technology Principal Jun Miyake. “Cygnet Infotech is an established provider in India and the Middle East, known especially for its e-invoicing solutions, so we are pleased that through this new partnership, we can offer our clients a wider range of solutions to meet their global requirements.”

“The need for scalable, intelligent compliance solutions with advanced data processing capabilities is increasing because of the ever-changing tax landscape,” said Cygnet Infotech Business Head of UK & Europe Bhaswata Sinharoy. “We are delighted to partner with Ryan to provide a range of solutions to improve organisations’ global indirect tax processes and simplify their real-time e-invoicing.”

About Cygnet Infotech

Established in 2000, Cygnet Infotech works with clients across more than 35 countries and has a strong team of more than 1200 Cygnetians. Cygnet Infotech’s offerings range from digital engineering solutions, technology products, and fintech and tax technology solutions. Aligned with its vision of providing technology-enabled business solutions, Cygnet Infotech delivers end-to-end solutions for clients’ most pressing business needs and follows the smart philosophy of providing standalone offerings through a connected ecosystem for delivering a smart system. Cygnet Infotech is trusted by major Fortune 500 companies, medium-sized businesses, fast-paced start-ups, and government bodies across the globe. More information can be found at cygnetinfotech.com.

About Ryan

Ryan, an award-winning global tax services and software provider, is the largest Firm in the world dedicated exclusively to business taxes. The Firm provides an integrated suite of international tax services on a multijurisdictional basis, including cost management, compliance, consulting, technology and transformation, and innovation funding. Ryan is an 11-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognised as the most innovative in the tax services industry, Ryan’s multidisciplinary team of more than 4,100 professionals and associates serves over 21,000 clients in more than 60 countries, including many of the world’s most prominent Global 5000 companies. More information about Ryan can be found at ryan.com/europe. “Ryan” and “Firm” refer to the global organisational network and may refer to one or more of the member firms of Ryan International, each of which is a separate legal entity.

Contacts

Stacey Underwood
Senior Manager, Content, Communications, and Public Relations
Ryan
+1 972.934.0022
stacey.underwood@ryan.com

First published on Tue, Sep 12, 2023

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Ryan Financial Services Tax Technology Customer Service Institute Of America (CSIA)

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