Deloitte Bolt-on 2.0 Moves to AWS for Enhanced Tax Reporting and Supply Chain Optimization in India

Deloitte has proudly announced the successful transition of Bolt-on 2.0, its Goods and Services Tax (GST) reporting and compliance tool, from an on-premises data center to the robust infrastructure of Amazon Web Services (AWS). Bolstering its capabilities as an enterprise resource planning (ERP)-agnostic platform, Bolt-on 2.0 now operates as a state-of-the-art cloud-based solution. This advanced system not only automates GST reporting and compliance but also optimizes workflows, improves reliability, and reduces costs. Leveraging Deloitte's profound industry knowledge and operational excellence in conjunction with AWS's widely adopted cloud services, Bolt-on 2.0 stands as a powerful solution. It effectively addresses intricate GST challenges, ensuring seamless compliance and reporting fulfillment.

Digitalizing tax processes through e-invoicing and real-time transaction data submission is an important element in the Digital India initiative. Bolt-on 2.0 on AWS helps businesses address this challenge as it provides an integrated solution that automates processes, enhances supply chains, and improves decision-making, thereby leading to increased productivity, reduced costs, optimized working capital, and enhanced customer satisfaction. The constantly changing tax landscape requires organizations to have agile and adaptable digital infrastructure in order to meet business needs and maintain compliance Tax, Deloitte Touche Tohmatsu India LLP. “We embarked on a strategic engagement with AWS to build Bolt-on 2.0 to empower organizations to automate, optimize, and modernize their tax function and achieve greater agility, security, and innovation. Deloitte aims to lead the way in the technology-enabled future of taxation by assisting businesses in accelerating their growth with solutions such as Bolt-on 2.0,” said Gokul Chaudhri, President.

Deloitte has transformed Bolt-on 2.0 into a scalable, dependable, and secure tax platform, harnessing various AWS services such as Amazon Relational Database Service, Amazon Elastic Compute Cloud, Amazon Lambda, and Application Load Balancer. These services contribute to delivering enhanced price performance, agility, and reliability for both Deloitte and its clientele. In terms of security, Bolt-on 2.0 leverages AWS Security Hub and Amazon Guard Duty for heightened visibility and auditing. These tools automate security checks, ensuring continuous monitoring and early threat detection, thereby mitigating security risks.

The protection of customer data on Bolt-on 2.0 is prioritized through encryption at rest, facilitated by AWS Key Management Service. Additionally, data security in transit is guaranteed with the implementation of AWS Certificate Manager and AWS Identity and Access Management. Deloitte's commitment to providing a distinctive and streamlined customer experience is evident in its utilization of advanced technologies, including Big Data Analytics, Artificial Intelligence (AI) such as Generative AI, and Machine Learning (ML) from AWS, as it navigates the path forward.

“The collaboration between Deloitte and AWS to host our GST reporting platform Bolt-on 2.0 offers businesses a robust solution to address the challenges of real-time reporting and compliance requirements. As an ERP-agnostic cloud-based solution, Bolt-on 2.0 goes beyond GST compliances, and incorporates robotic process automation and artificial intelligence technologies to offer businesses a wide range of modules that are useful for tax and non-tax executives,” said Mahesh Jaising, Partner, Service Line Leader – Indirect Tax, Deloitte Touche Tohmatsu India LLP.

“This Coalesce is in line with our strategy of ‘Art of the possible’ i.e., solving complex problems of the future together with the power of connections. Our approach is built on distinct and multidisciplinary teams working towards a common goal, as we can succeed only when we come together”, added Vinay Prabhakar, National Sales and Alliance Leader, Deloitte Touche Tohmatsu India LLP.