Home Products & Solutions

VFDMS© – Virtual…

E-Registers and E-Services

VFDMS© – Virtual Fiscal Device Management System

E-Invoicing solution that helps Tax Authorities enhance domestic resource mobilization by modernizing digital infrastructure and improving tax compliance for increased revenue and public trust.

Ask for Demo

VFDMS© Demo

Get a free no-obligation demo.

Submit the contact form and our expert will be in touch with you shortly.

See VFDMS© in Action
Full Name *
Email Address *
Phone *
Company Name *
Your position *
Your Message *

By clicking Submit, you agree to NRD Companies Privacy Policy.

Success Icon

Thank you!

We will contact you soon!

Meet VFDMS©

What Is VFDMS©

VFDMS© is a powerful tool tailored to Tax Authorities to improve tax and levy reporting, collection and taxpayer compliance. It provides a seamless digital framework for reporting taxable transactions, making e-Invoicing an integral part of a modern tax system and a key driver of domestic resource mobilization (DRM) – the process of increasing government revenue through effective collection of taxes and other domestic resources.

By leveraging real-time data and automation, VFDMS© empowers Tax Authorities to tackle challenges such as Value Added Tax (VAT) gaps, taxpayer non-compliance, and administrative inefficiencies. This solution enhances governments’ ability to generate revenue from within their economies, reducing reliance on external funding and addressing the informal economy.

How VFDMS© Works

VFDMS© transforms the way Tax Authorities operate by enabling real-time monitoring and enhanced oversight. 

  • E-Invoicing: Taxpayers issue electronic invoices directly via smartphones, tablets, or computers.
  • Real-Time Digital Reporting: Invoice data is instantly and securely transmitted to Tax Authorities, ensuring up-to-date records.
  • Continuous Transactions Controls: invoice and stock movement data allow the Tax Authorities to build a 360-view of the taxpayers in near real time and implement instant data-driven risk assessments.
  • Seamless Monitoring: Tax Authorities gain immediate insights into transactions, enabling them to enhance revenue collection.

Who Benefits from VFDMS©

  • 01
    Governments

    Benefit from increased revenue as VFDMS© drives higher tax collection through more efficient tax administration. Intuitive, digital solutions simplify compliance processes, making it easier for taxpayers to meet their obligations. Real-time insights provide tax authorities with the data they need to make better-informed decisions, improving overall efficiency. Additionally, automation reduces audit and decision-making costs, freeing up resources for other critical areas of public finance management.

  • 02
    Businesses

    Experience lower costs by reducing compliance expenses with automated tax administration solutions. Faster VAT refund processing improves cash flow by accelerating reimbursements through automation. Lower financial barriers make it easier for new businesses to comply with tax regulations from the start, fostering a more inclusive economic environment. Digital reporting ensures a level playing field by enabling timely and accurate tax information disclosure, reducing unfair competition and strengthening market transparency.

  • 03
    Citizens

    Benefit from greater welfare as improved tax collection reduces informal taxation and increases government revenue, leading to better public services. Financial incentives for verifying receipt data enhance satisfaction and encourage active participation in transparent tax practices. Digital receipts offer a better customer experience by being easier to store, lasting forever, and serving as reliable proof of payment for returns and warranty claims.

Did You Know?

VFDMS© helps Tax Authorities enhance revenue collection by leveraging e-Invoicing and real-time data, making tax compliance seamless and boosting domestic resource mobilization.

Download a Brochure

Tax authorities can use VFDMS© to collect more sales taxes, stimulate the economy and fight informal economies.

Enter your details to download the brochure.
Full Name *
Company Name *
Your Position
Email Address *
Phone *

By clicking Download, you agree to NRD Companies Privacy Policy.

Success Icon

Thank you!

We have sent an email with a download link.

Regarding the compliance rate, we have done an assessment where we have applied a fiscalisation data management system and the trend has shown that we are increasing our VAT compliance by 5% from clients who are already on the system.
Misheck Govha ZIMRA Domestic Tax Commissioner
It [e-Invoicing] appears to offer opportunities for tax administrations to engage directly with the processes used by businesses for their own business purposes, i.e. their natural systems; and it is an area which is becoming increasingly digitalised, allowing for greater automated connections between taxpayers’ and tax administration systems.
Organisation for Economic Co-operation and Development Tax Administration 3.0 and Electronic Invoicing

Key Benefits of VFDMS©

Domestic Resource Mobilization

Increase tax revenue collection and reduce the grey economy through efficient e-Invoicing.

Simplified Tax Filing & Faster Refunds

Businesses can quickly file VAT returns with automated processes that also accelerate VAT refunds, saving time and improving cash flow.

Increased Revenue Collection & Economic Growth

Efficient tax administration helps governments collect more taxes, fueling public services, infrastructure, and overall economic stability.

Cost Savings for Businesses

Digital invoicing eliminates printing and archiving costs.

Better Financial Records

Electronic records are organized, accessible, and facilitate audits.

Streamlined Processes & Reduced Administrative Burden

Automation minimizes errors, reduces manual tasks, and makes tax compliance smoother for both businesses and tax authorities.

Improved Trust

Transparent processes and reliable data enhance taxpayer-authority relationships.

Smarter Audits

Targeted audits focus on accuracy, reducing unnecessary workload.

Ready to Simplify Tax Compliance?

VFDMS© is the ultimate solution for domestic resource mobilization via the means of e-Invoicing. By simplifying compliance processes, increasing revenue collection, and fostering trust, VFDMS© ensures efficiency and transparency for governments, businesses, and taxpayers alike.

Download a Brochure

Tax authorities can use VFDMS© to collect more sales taxes, stimulate the economy and fight informal economies.

Enter your details to download the brochure.
Full Name *
Company Name *
Your Position
Email Address *
Phone *

By clicking Download, you agree to NRD Companies Privacy Policy.

Success Icon

Thank you!

We have sent an email with a download link.

Why Us?

  • 01
    An in-Depth Knowledge of the Subject

    We have an excellent understanding of financial and public sectors.

  • 02
    Bringing Change Since 1995

    Since 1995, we have been developing and maintaining mission-critical systems for governments around the globe.

  • 03
    20 Years of Expertise

    Tax management solutions are something we have been doing for over 20 years.

  • 04
    Effective Solutions

    We marry legal, consultancy, and information technology skills in order to effectively address digital infrastructure challenges.

  • 05
    Communities and Context are Important to Us

    We allocate time and resources to comprehend, engage with, and collect information about the context and communities in which our project will be deployed.

  • 06
    Long-Term Impact

    We make sure that the infrastructure is not another piece of software but something that has a positive long-term impact on the country or businesses.

YOU MAY FIND THESE INTERESTING

Explore Our Other Products & Solutions

URP© – Unified Registry Platform

E-Registers and E-Services

The out-of-the-box platform which is constantly developed which we have created to enable Registration Agencies to become Centres of Registries.

Learn more
BOREG© – Beneficial Ownership Register

E-Registers and E-Services

A tool for collecting, processing, storing and publishing adequate, accurate and timely data about the beneficial owners of businesses.

Learn more
BUSREG© – Business Registry

E-Registers and E-Services

A modern web-based solution that serves as a platform where businesses/individuals and government meet for customer-centric business registration.

Learn more
VFDMS© – Virtual Fiscal Device Management System

E-Registers and E-Services

E-Invoicing solution that helps Tax Authorities enhance domestic resource mobilization by modernizing digital infrastructure and improving tax compliance for increased revenue and public trust.

Learn more

Learn About Our Customers Success

Get Inspiration From Our Clients' Success Stories

Tax
Improving VAT Collection in Lesotho through the e-Invoicing Platform  

About the Client  The Revenue Services Lesotho (RSL) is the principal authority responsible for the…
Tax
Enhancing Tax Collection and Compliance Through Digital Innovation: Zimbabwe Revenue Authority's Fiscalisation Data Management System

About the Client  The Zimbabwe Revenue Authority (ZIMRA) is the governmental body entrusted with the…

 View All

Insights That May Interest You

VFDMS© Related Insights

Press Releases
Trinidad and Tobago Modernizing Its Tax Payment Ecosystem
To Revive Economy after Pandemic, Employ New-Generation Tax Collection System
Racing for Ease of Doing Business Rankings
 View All