How to automate the declaration and verification of SVV status?
The Lithuanian Business Support Agency (LVPA) is looking for a solution to automate the declaration of SVV status.
Context
- One of the main activities of the LVPA is the evaluation of applications financed by national and EU Structural Funds. The assessment of the applicant’s status as an economic operator is directly related to the assessment of all applications for funding under the measures administered by the LVPA. The correct determination of the status of an economic operator is important as it determines the maximum amount of funding available.
- To date, there is no digital solution for declaring the status of a small and medium-sized enterprise (SVV) in Lithuania. Applicants fill in their SVV status declarations manually in the available MS Excel SVV declaration forms. This is not only time-consuming for the company’s staff and consultants, but also costs a lot of financial resources, as some of the data has to be retrieved by the applicant from various registers, which are costly.
- The LVPA, having received the applicant’s completed SVV status declaration together with the application, is obliged to verify the correctness of the data provided in the declaration. On average, around 900 applications are received and assessed per year and the re-verification process is carried out manually. The verification of the SVV status declaration is time-consuming for the LVPA staff and a drain on financial resources.
- Moreover, each time the applicant wishes to submit an application, he has to repeat this lengthy process of information gathering by collecting the relevant data for that day. In the meantime, the LVPA staff also has to go through the whole process of collecting the necessary information and verifying the submitted declaration of SVV status again.
Solution
- A solution is needed to automate the declaration of SVV status so that the applicant only needs to log in to a digital solution and, after identifying himself, a partially completed SVV declaration is immediately generated, importing information from the public registers on the enterprise itself and on the whole of the economic entity to which the enterprise belongs. The automation of the declaration of the SVV status would also allow the verification of the submitted SVV status declaration to be largely automated.
- Automation of the declaration and verification of SVV status would be a major step towards reducing the burden on business, as the State could automatically transfer the data collected from businesses into the SVV status declaration. This improvement of the SVV status declaration would also bring additional benefits to the Ministry of Economy and Innovation of the Republic of Lithuania as a SVV policy maker, as the tool would allow access to data on groups of enterprises, which would include both financial and employee data and their dynamics over time. The State would have more objective and accurate business information for decision-making.
Prizes for participants
Prizes will be awarded to the first, second and third place winners:
- 1st prize – 11 000 EUR
- 2nd prize – 5 000 EUR
- 3rd prize – 3 800 EUR
Additional information
The deadline for submission of projects or applications for participation is 08.10.2021, 9:00.
For a detailed description of the challenge and the call for projects, please visit the Central Public Procurement System (CVP IS).