CIF reporting requirements are not new within our region, however the introduction of fines related to non-compliance has greatly increased the amount of time and effort that businesses must spend in order to not only remain compliant but also to mitigate the risk of large penalties being applied. As governments in both KSA and Qatar have now opted to have this information submitted in a digital format, this creates even more complexity when it comes to getting the data correctly submitted.
PwC’s Contract Information Converter is an automation tool that significantly reduces the time and effort required by your teams (or 3rd party providers) to be compliant with CIF requirements.
Using state of the art technology and bespoke configuration, it extracts the necessary data from whichever format it is being housed in, and formats it ready for submission, removes the risk of human error and significantly reduces the time taken to prepare the information.
Using a blend of robotic process automation and OCR technology, it can extract the necessary data from:
Word and other soft copy documents forms
PDFs and scanned documents
The tool is quick and easy to install and can be hosted locally, avoiding the need to transfer data outside of your IT infrastructure.
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Our tool combines a number of technologies into one solution, that can then parse the data and generate the final format that is ready for submission straight into the local government portal.
This option will give you access to PwC’s CIC tool which will enable the automated extraction of CIF data from contracts. This data will be organised into CSV format ready for you to upload this data to the Government portal.
This option will remove the need for you to worry about CIF filing submissions. You simply need to send all relevant contracts to PwC and we will do the rest.