Benefits - Reporting Services

In-country VAT compliance efforts typically involve substantial manual effort to account for and report on VAT charges and payments, particularly those incurred on purchasing or corporate credit cards.

autoVAT technology enhances compliance reporting efforts in the following ways:

Area			Reporting with autoVAT		Traditional Approach
	Calculation of VAT expended on commercial cards		Automatically estimated		Manually tabulated from invoice documents
	Identification of missing documentation		Automatically identified		Manually determined
	Audit Support		Determines statistically significant sample set and generates suggested items for internal audits		Manual methodologies