How autoVAT improves foreign VAT recovery
Our proprietary autoVAT technology provides significant benefits to our clients:
- Increased VAT Recovery
Our VAT Assessment Reports consistently identify two to five times more VAT than historical VAT recovery results. They quantify the true amount of recoverable VAT, thereby setting higher goals for VAT recovery.
- Simplified Recovery Effort
More than 90% of recoverable VAT can be found on less than 25% of international invoices - less than 1% of all expense documents. Knowing which invoices are recoverable and also contain a material amount of VAT can greatly reduce the effort required to identify and collect expense documentation.
- Active VAT Recovery Management
Our VAT reports quantify your VAT recovery potential, specifically identify the documents of interest, set expectations for refund timetables, measure your VAT recovery success, identify specific actions to improve your recovery, and reallocate recovered VAT to the division or subsidiary that incurred the expense.
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