How we can help
Our Story
Companies are faced with a number of challenges to ensure cross border transactions are carried out seamlessly. It needs an automated system that can guide it from start to finish with minimal human interaction.
A system that ensures transactions are permanently reconciled from the moment the transaction is approved, and can automatically apply all the rules and regulations, taxes, and Transfer Pricing so the burden is removed from the users without errors.
A system that integrates with your ERPs where local ERPs are updated automatically for every transaction, so everything is recorded without errors.
A system that can automatically settle the balances and cash is not held up. A system that allows total treasury management. Finally, a system that regulates Bad Actors and drives the right kind of behaviour in this ecosystem.
This system would alleviate the frustrations and eliminate the distractions for users, and maximize the efficiency of the company with minimum human interaction. It would be accountable and yet simple.
Our solution
There isn’t a single system in the market that can do all of that. At Keplar Limited, our cloud based Keplaax block-chain platform using decentralised ledger technology(DLT) with Smart Contracts will be able to help companies to achieve this in a seamless manner where complex transactions simplified, automated, and are compliant with all rules & regulations.
Once a transaction is approved, no further human intervention is required.
Smart Contracts use to calculate specific country and business based Transfer pricing, taxes, and duties to conform with all rules and regulations. It will then post it to the relevant ERPs automatically and simultaneously so that the transaction is always correctly reflected and always reconciled. It will automatically settle the balance due on the agreed date and regulate Bad Actors, to drive the right kind of behaviour. Finally, Smart Contracts regulate dispute resolution employing game theory behavioural science to minimize disputes and reduce the resolution time.
External Challenges
Complicated cross-border taxes and Rules & Regulations
Complying with different rules & regulations and taxes that are complicated when goods and services move from one country to another. Getting these wrong means losing customers and face heavy fines
Transfer Pricing
If goods and services are not priced at an arm’s length i.e. similar to market prices, then multi-billion dollar fines can result.
Paying for overseas goods and services
Moving money between countries can be costly if not managed properly. It can lead to cash trapped in companies where it is least needed and none for those who needs it most.
Working in siloes – disparate systems
Companies in the same group have no visibility of what and how transactions that took place is recorded. Information is not shared and Trust is low.
What pain and frustrations do the companies feel?
Complexity
Multiple Goods and services categorisation must be correctly identified to be able to export to relevant countries.
Taxes and duties calculation
Tariffs, taxes and duties rules are complicate to calculate and easily get wrong leading to fines.
Transfer Pricing
Transfer Pricing rules and regulations are different for different countries as well as for type of goods and services. Getting this wrong leads to millions or billions dollar fines.
Frustrations and Distractions
By adopting Keplaax, it will remove the frustrations and distractions of team members. Time can be freed up and allow teams to streamline their workflow with maximum efficiency with minimal resources.
Liquidity – Cash and Tokens
Cash or Token settlements are available and can be controlled and managed by the Head office for efficiency in the allocation of cash/capital with minimum cost to the company. Tokens are also used for rewarding good behaviour and regulating Bad Actors.
Time & Money
Companies will save from multi-billion dollar fines and penalties from automation in compliance with all the rules & regulations, taxes, and Transfer Pricing. Fewer people are required to manage this.