Founder and CEO
W
WAY2VAT
WAY2VAT provides a fully automated VAT and GST recovery platform that utilizes proprietary AI technology to analyze receipts and invoices, ensuring compliance while maximizing recoverable amounts. The solution addresses the challenge of unclaimed VAT and GST, enabling businesses to recover up to 30% more refunds from over 50 countries with seamless integration into existing accounting systems.
- Artificial Intelligence
- Enterprise Software
- Financial Technology
- Software Only
Updated 6 months ago
Funding
Raised to date
$1.6MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Funding rounds are not available yet.
Founders
Product
Problem
Many businesses struggle to reclaim Value Added Tax (VAT) and Goods and Services Tax (GST) on expenses, especially when dealing with foreign transactions and compliance requirements across multiple jurisdictions. This results in significant unclaimed funds and lost revenue opportunities.
Solution
WAY2VAT offers an AI-powered platform that automates VAT and GST recovery for businesses. The platform integrates with existing Enterprise Resource Planning (ERP), accounting software, and Expense Management Systems (EMS) to analyze receipts and invoices, identify recoverable VAT/GST, and submit claims in over 50 countries. By automating the process, WAY2VAT helps businesses increase their VAT/GST recovery rates, ensure compliance, and gain better visibility into their spending data. The system also identifies anomalies between invoices and expenses, providing an audit trail for compliance purposes.
Target Audience
The primary target audience includes enterprises that incur VAT/GST expenses, particularly those with international operations and complex accounting systems.
Features
- Automated VAT/GST reclaim for foreign and local expenses.
- Integration with leading ERP, accounting software, and EMS platforms.
- AI-powered analysis of receipts and invoices to identify recoverable VAT/GST.
- Support for VAT/GST reclaim in over 50 countries and 20 languages.
- Fraud detection capabilities to identify anomalies and ensure compliance.
- Reporting and business intelligence tools to provide insights into spending patterns and potential VAT/GST recovery opportunities.
- Automated invoice analyzer (AIA) to help business teams budget and prepare for upcoming expenditures.