Collaboration pairs SunTec’s globally proven SunTec Xelerate e-Invoicing technology with IITC’s deep Omani market expertise to help businesses prepare for the Sultanate’s national Fawtara mandate, which begins in August 2026.
Muscat, Oman – August 17, 2026: SunTec Business Solutions, a leading global provider of revenue management and digital compliance solutions, today announced a strategic alliance with International Information Technology Co. LLC (IITC), one of Oman’s most established System Integrators, to help businesses across the Sultanate prepare for the country’s upcoming e-invoicing mandate. Formalized under a Memorandum of Understanding, the alliance will see the two companies jointly market, implement, and support the compliant e-invoicing product for Omani enterprises. Under the alliance, SunTec and IITC will collaborate to deliver an accredited access point (ASP) that serves as a secure gateway for compliant e-invoice exchange within Oman’s Fawtara ecosystem.
The collaboration brings together SunTec’s proven SunTec Xelerate e-Invoicing product and regulatory-compliance expertise with IITC’s strong local presence, system-integration capabilities, and deep understanding of the Omani market. Together, the companies will help organizations achieve compliance with evolving e-invoicing regulations, while advancing their broader digital-transformation goals through a secure, scalable, and future-ready invoicing solution.
Oman’s e-invoicing program, Fawtara, is set to introduce a Peppol-based five-corner CTC framework, with a phased rollout beginning in August 2026 and expanding to all VAT-registered businesses by 2028. The framework is expected to support a broad range of transaction types, including B2B, B2C, and B2G invoicing.
“e-Invoicing is rapidly becoming a cornerstone of the digital economy, driving transparency, efficiency, and compliance. SunTec has supported major compliance transformations across the GCC and partnered with more than 45 banks globally, including nine banks in Oman as part of their VAT compliance transformation initiative. Together with IITC, we are well positioned to help organizations embrace the Fawtara mandate and turn compliance into a catalyst for long-term digital transformation,” said Amit Dua, President, SunTec Business Solutions.
“e-Invoicing is not just a regulatory milestone — it is an investment in the financial infrastructure of our clients and the broader Omani economy. As CFO of OHI Group, I see this alliance with SunTec as a natural extension of our commitment to building businesses that are compliant, efficient, and positioned for sustainable growth. We are proud that IITC is at the forefront of this transformation,” said Praveen Kumar, CFO, OHI Group.
“We are pleased to partner with SunTec to support organizations in Oman as they transition to e-invoicing. By combining SunTec’s advanced technology capabilities with IITC’s deep local expertise and customer-engagement experience, we are enabling businesses to adopt a reliable and compliant digital billing framework. At IITC, we strongly believe in the transformative impact of FinTech in Oman, and this initiative is a key step toward accelerating financial digitization, enhancing transparency, and supporting the Sultanate’s broader digital transformation ambitions.” Said by Parag Gurumukhi, General Manager of IITC.
To register for the Fawtara platform, contact us at: einvoicing@suntecgroup.com
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About SunTec Business Solutions
SunTec enables enterprises to modernize and optimize revenue management across the entire value chain – from product catalog, offer management, and deal configuration to pricing, billing, taxation, e-invoicing, and loyalty programs. Our AI-augmented, industry-agnostic product suite – SunTec Xelerate – helps eliminate revenue leakage, accelerate monetization, and ensure compliance with transparent and auditable practices.
Whether deployed via SaaS, in the cloud, or on premise, our products integrate seamlessly with existing systems to drive transformation without disruption. Trusted by 170+ clients worldwide, SunTec powers revenue for leading banks, telcos, and travel firms globally.
For more information, please visit www.suntecgroup.com or email marketing@suntecgroup.com.
About International Information Technology Co. LLC (IITC)
Oman Information Technology Company (IITC), a subsidiary of Oman International Holding Company (OHI) and an ISO 9001:2015-certified systems integrator, is specialized in providing government and institutional information technology solutions and services that enable government agencies and private sector institutions to achieve advanced business results by taking advantage of the latest technologies of international companies in the field of cybersecurity, infrastructure management, data centres, and technical support services for the largest international companies and technologies, with more than 25 years of experience in the Sultanate of Oman.