autoVAT
Corporate VAT Management uses autoVAT technology to provide high end
VAT recovery services to our clients. The following autoVAT features are unique in the VAT recovery industry:
- Generate quarterly Invoice Collection Reports
autoVAT identifies recoverable VAT
transactions in corporate expense data and then directs
document collection efforts to the most valuable invoices. For most corporations, more than 90% of recoverable
VAT resides in less than 50% of the candidate invoices.
- Request missing invoices from vendors
autoVAT
can identify when paper documentation has not been located for VAT present in expense data. This allows us to contact vendors and request that they reissue high-value VAT invoices.
- Generate VAT refund applications
Once the document collection effort is completed, autoVAT
automatically generates electronic VAT reclamation application forms. Incorporated into each
application is the approved government application form, the
list of invoices included in the application, and an
equation to show how the requested VAT refund was calculated
for each line item. The end result is a highly accurate application for VAT refund.
- Track refunds through quarterly reporting
autoVAT provides quarterly reporting that contains detailed application tracking information, including: date filed, application amount, refund amount, date refunded, CVM fees, and net refund to client. As well,
autoVAT provides tracking of invoices by expense category, document source, and cost center.
- Improve VAT Recovery
autoVAT can analyze the gap between VAT incurred and VAT recovered and suggest methods to improve overall VAT recovery.
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