Payment and Revenue Collection
Rocksoft offers premier solutions that enhance the collection of revenue and funds, making payments and managing settlements. Our solutions are targeted at governments and large public sector actors, and encompass all transactions within a specific jurisdiction. Our solutions feature real-time data capture, transaction validation and audit trail provision to ensure compliance and constant monitoring. Our solutions aim to enhance efficiency and be cost-effective. Solutions under this pillar include:
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ETAX
The future of taxation is digital. The e-Tax solution will provide compliance assurance, revenue leakage sealing, real-time data for financial planning and forecasting, and a reduction in tax administration costs. Key Drivers include:
Rocksoft’s eTax system integrates payments and settlements and can be used in the following domains:
Domestic Revenue
- Online taxpayers’ registration.
- Online declaration and digital payment of all domestic taxes.
- Submission/filing of returns.
Customs Revenue
- Automation of customs procedures, payments and settlements and integration of payments to existing automated procedures.
- Digital Customs declarations.
- Tracking and clearance of imports and exports, including digitally enabled procedures and documentation.
National B2B e-Invoicing:
- Automatic digital capture of tax upon creation of an invoice and settlement in real-time once an invoice is paid.
- Issuance of official, verified and uniquely identifiable electronic e-invoices through the system.
Rocksoft Settlements Engine
The payments and settlements engine was built with governments in mind. It enhances the collection of revenue for the government across all digitalised services, and features the following:
- Omnichannel digital payment collection and aggregation in a single avenue
- Dynamic and can be applied for various use cases, from mobile money
- Systems to core banking systems
- Real-time analytics on transactions with integrated business intelligence tools
- Audit trails ensuring transparency and traceability
- Advanced KYC authentication to ensure trust
- Bulk payment services
