As audit exposure and digital demands increase, Concur Tax Assurance by Blue dot helps organizations comply with global tax regulations by optimizing 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, analyze, and enrich the data in Concur Expense transactions – digitizing the compliance process and maximizing 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 Blue dot's data extraction, matching, and validation technology – mitigating errors and providing peace of mind.
Maximize Cashflow:
To maximize 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 optimizing the recovery process for both foreign and domestic VAT. With visibility into reclaimable VAT, business leaders can maximize profitability and reallocate savings to the areas of their business that matter most.
Streamline Operational Efficiency:
Manually analyzing 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 & 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 Blue dot, submit an inquiry or contact your SAP Concur sales representative.