Streamlining Withholding Tax (WHT) Processing for Corporate Card Expenses
Asia School of Business · Posted 1 year ago
EducationPredictive Analytics / ForecastingConversational AI / Chatbots
- Budget
- To be determined
- Timeline
- Not specified
- Closed on
- 27 Sept 2025, 23:59 ICT
Problem statement
The current process of managing WHT for corporate card expenses is highly manual and inefficient. With around 100 small-value transactions monthly, the team faces significant workload in document compilation, WHT computation, invoice creation, and payment processing. This leads to delays, high resource use, and risk of errors.
Expected outcomes and success metrics
Automated document extraction and verification
Bulk or auto-calculated WHT for recurring small-value transactions
Auto-generation of invoices and system entries
Streamlined approval workflow for batch payments
50–70% reduction in processing time and manual effort
Current process
Manual handling: transactions processed individually, invoices keyed in one by one, WHT computed manually, payments submitted for approval case-by-case.
Current solution
Manual handling: transactions processed individually, invoices keyed in one by one, WHT computed manually, payments submitted for approval case-by-case.
Target users and impacted teams
Finance team (accounts payable, tax compliance)
Employees using corporate cards
Internal approvers for payments
Data availability and readiness
Historical transaction data available in finance system
Supporting documents (receipts, invoices) available digitally (PDF/scanned)
Basic WHT computation rules already in use
Integration, deployment and infrastructure
Integration with existing finance/ERP systems (Oracle)
Cloud-based AI service with API compatibility
Secure handling of financial and tax data (compliance ready)
Relevant AI technologies
Predictive Analytics / ForecastingConversational AI / Chatbots