An Integrated Workflow for Global Expenses and VAT Reclaim
Welcome to The River!
Your organisation travels the world in support of your growing business incurring travel and out-of-pocket expenses. And in certain instances some the taxes levied on these goods and services can be recovered. Unfortunately, this process is typically laborious and inefficient - and as a result, many organisations leave money on the table.
But Taxback International and Chrome River have developed an end-to-end automated process for examining your spend and determining which transactions are eligible and compliant for VAT reclaim. This means your finance team members don't need to be experts in complex VAT legislation, have multilingual expertise, or do battle with inefficient foreign VAT reclaim processes.
Enjoy this fast-paced webinar to learn how Taxback International and Chrome River provide automated VAT recovery services. The workflow starts by capturing expense receipts, credit card transactions, and invoices in Chrome River. Then Taxback International's software examines the transactions identifying compliant and non-compliant charges. Their best-in-class service includes both OCR and manual audits so every possible dollar can be recovered.
And did you know the law allows us to examine spend from the last five years? This means the recovered savings offer an immediate ROI and win for your team.
By combining modern expense management, travel and expense policy, and VAT reclaim best practices, you can analyse spend, eliminate fraud, and ensure VAT compliance, thereby future proofing your tax status.
Be sure to share this webinar recording with your colleagues to see how VAT reclaim fits into your current expense and invoice management workflows. The only thing you'll have to say after viewing the webinar is - Take me to The River!
Chrome River provides expense and invoice automation solutions that let business flow for more than 1,000 organizations worldwide. The company’s easy-to-use, enterprise-scale solutions enable future-readiness for its customers. As a result of this focus on innovation, Chrome River is rated as a Leader in expense management by analyst firm IDC. Chrome River’s commitment to delivering a superior customer journey by creating long-term value for its customers, makes it a preferred choice of CFOs, CIOs, AP teams, travel managers and business travelers. Details on Chrome River’s customers can be found on the company’s web site.
More than 2 million business travelers around the world trust Chrome River. To learn more, contact Chrome River at 888-781-0088, or visit chromeriver.com and its social pages on LinkedIn, Facebook, Twitter, and Instagram.
Our firm saved over 1 million dollars in travel expenditures [last year] as a result of implementing the Chrome River Expense Pre-Approval process.
It is taking us just one quarter of the time to manage the expense process as it used to.
Chrome River takes all the guess work out, forces the user to be crystal clear on where they put their money and allows us to effortlessly reimburse them.