Coming together to bring you more value!
Taxback International (TBI) and Concur have teamed up yet again! Together, we can bring even more value to clients. By using Concur Invoice you can cut up to 10 days off your invoice cycle, as well as improving company cash flow.
What is Concur Invoice?
Concur Invoice improves invoice processes and eliminates the paperwork, but that’s only the start! Concur’s complete spend management platform provides a single, powerful end-to-end solution for preapproval and ongoing management of invoices, expenses and other spending.
Where does TBI come into this?
TBI identify hundreds of client vendors who are incorrectly charging VAT each month. This is a significant cost, especially on larger invoices.
TBI’s new API allows us to seamlessly download invoice transactions data and images from Concur. Once downloaded, the data pass as through a series of checks to identify if VAT was charged correctly.
TBI will reach out to the vendor on our client’s behalf to re-issue the invoice without VAT- and in addition, any correctly charged VAT can be reclaimed from the Foreign Tax Office by TBI.
Why does this benefit you?
Using Concur Invoice together with TBI allows you to:
- Remove paperwork
- Pay invoices easily
- Auto-match invoices, PO’s & received goods
- Auto-identify incorrectly charged VAT by your suppliers
- Allow TBI to work with suppliers to re-issue correct invoices
- Allow TBI to educate suppliers on correct invoice procedures
- Improve your cash flow
Why subject yourself to slow, manual, error-filled processes any longer?!
We know that Indirect taxes such as VAT and GST can have a huge effect on your business. As VAT rates change sporadically keeping yourself informed can be difficult. Compliance is always crucial. That’s why our Indirect Tax Experts share their hand-picked news stories every day that you need to know. From breaking news to VAT changes and new EU legislation. We know that relevant information means better decision making. We aim to be your number 1 source for VAT and GST news.
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