App Center
Concur Tax Assurance by Blue dot
Comply with global tax regulations and maximise VAT/GST recovery
As audit exposure and digital demands increase, Concur Tax Assurance by VATBox helps organisations comply with global tax regulations by optimising the integrity of their data. The dynamically updated data completion and VAT/GST compliance platform is designed with sophisticated AI algorithms and up-to-date tax knowledge to capture, analyse, and enrich the data in Concur Expense transactions – digitising the compliance process and maximising recovery.
Reduce Compliance Risk:
With more than 160 countries around the world applying VAT/GST, businesses are faced with increasing complexity and constant change in compliance obligations. Concur Tax Assurance protects against audits and penalties by validating every transaction using VATBox’s data extraction, matching, and validation technology – mitigating errors and providing peace of mind.
Maximise Cashflow:
To maximise VAT reclaim, Concur Tax Assurance identifies eligible transactions – from small receipts for meals to large invoices for hotel stays – and aggregates data from multiple sources to validate the information and check for eligible VAT reclaim. Country-specific tax rules are embedded in the solution, automating compliance and optimising the recovery process for both foreign and domestic VAT. With visibility into reclaimable VAT, business leaders can maximise profitability and reallocate savings to the areas of their business that matter most.
Streamline Operational Efficiency:
Manually analysing expense transactions for recoverable VAT is time consuming, error prone, and costly. Expenses can be incurred using a variety of payment methods, such as company credit cards, cash, or personal cards, and not all invoices are valid for VAT recovery or provide distinctly marked VAT recoverable rates. A fully automated solution, Concur Tax Assurance is easy to onboard and maintain through a seamless integration with Concur Expense. Data extraction, matching and validating technology, and dynamic tax-rule editors use Natural Language Processing to keep you ahead of the compliance curve, and ready for auditing and regulatory reporting.
To learn more about Concur Tax Assurance by VATBox, submit an enquiry or contact your SAP Concur sales representative.
Request a quote or inquire about options.
Works with these SAP Concur solutions:
Expense - Standard
Expense - Professional