Maximize VAT Recovery with a fully-automated, cloud-based solution integrated with SAP Concur

Solutions for Business Travel VAT Reclaim | EXTERNAL

VAT IT SOLUTION BROCHURE2

End-to-end VAT recovery

With direct integration into SAP Concur and your existing ERP system, VAT Cloud™ enables VAT IT’s team of VAT recovery experts to retrieve and analyze your T&E data in real time, then submit the reclaim for you.

• Unlock cash savings embedded in your expense data.

• Get clear, transparent reports on submissions and VAT refunds in real time.

• Gain visibility into expense data by country, expense type and employee.

• Drill down to the finest detail on an invoice level.

• Submit 100% compliant tax refunds — guaranteed.

Integrated systems do the work for you

Manual tasks are no longer a drain on resources, and instead replaced with a simple, secure process:

1. VAT Cloud™ extracts data via live system integration with SAP Concur Expense.

2. VAT Cloud™ algorithms identify all potential VAT reclaims.

3. Decision engine collates expense data and combines them into one record of clean data.

4. Invoices are packaged and collated into compliant VAT reclaim format.

5. Claims are sent directly to the relevant tax office.

6. VAT refund is deposited directly into your bank account.

VAT Cloud™ by VAT IT makes it easy to recover VAT incurred on both domestic and foreign expenses through cloud-based integration with SAP Concur Expense and SAP Concur Invoice, automatic retrieval and analysis of expense data, and direct submission to foreign tax offices.

Save up to 25% of your Travel & Entertainment spend.

OVER 100 MILLION TRANSACTIONSprocessed off SAP Concur solution data in 2017.

589,334 CLAIMABLE INVOICESsubmitted to VAT Authorities annually.

OVER 55 MILLION GBPof VAT refunded in 2017.

3VAT IT SOLUTION BROCHURE

ABOUT SAP CONCURSAP® Concur® solutions simplify expense, travel, and invoice management for greater visibility and control. For more than 20 years, these leading, innovative solutions have kept customers a step ahead by delivering time-saving tools, connected spending data, and a dynamic ecosystem of diverse partners and apps. User-friendly and business-ready, SAP Concur solutions unlock powerful insights that help businesses reduce complexity and see spending clearly, so they can manage it proactively. For more information, visit concur.com

“The seamless integration of VAT IT with our SAP Concur instance made foreign VAT reclaim pain free.”Sven Ringling, Director, iProCon

“Dedicated, knowledgeable and helpful business partners from VAT IT; VAT CLOUD is valuable to recover VAT without having to invest a lot of time and money."Sven Ringling, Director, iProCon

Algorithms identify all potential VAT reclaims

Optical software recognition cleanses invoices and digitizes images

Decision engine collates data from various sources and combines them into one record of clean data

Claims are sent electronically via our direct link to the relevant tax o�ce

Watch your VAT savings add up in your bank account

Every single invoice is traceable, from data collection to client payment

Invoices are packaged and collated into compliant VAT reclaim format

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Extracts data and images via live system integration

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Learn more at concur.com

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