SalesTrip today announces its integration with Taxback International. The partnership will simplify tax reclaim whilst reducing the total cost of travel for SalesTrip customers.
For business leaders looking to better manage, govern, and justify corporate travel and expenses, tax represents a constant challenge. Tax reforms and global political changes – including the Tax Cuts & Jobs Act (TCJA) and Brexit – have created added complexity, cost and unpredictability around VAT reclaim and compliance. SalesTrip recognised this and sought a solution for its customers where they would have even greater visibility into the true cost of customer acquisition, as well as the ability to accurately measure return on spend.
By integrating Taxback International’s automated VAT reclaim services with SalesTrip, customers can now benefit from an end-to-end business travel solution that includes intelligent receipt capture and automatic VAT processing and recovery. By submitting relevant paperwork alongside customer data, all data is housed on a single platform, enabling real-time reporting and compliance.
Taxback International is a leading provider of domestic and foreign VAT reclaim services for companies ranging from sole traders to global enterprises. Its real-time VATConnect platform automates VAT reclaim processing through its integrated country network of over 160 worldwide tax portals, streamlining and maximising reclaim opportunities on a single system.
“As a company, we are committed to making business travel better for businesses and travellers alike. Tax reclaim is hugely complicated – both for company leaders who need to comply with changing legislation, and for the travellers who are required to collect and record the correct details. Taxback International has one of the largest country networks for foreign tax recovery facilitated by its advanced technology platform. As a partner, they fully support our mission to transform business travel into a growth enabler by understanding return on all spend, and their solution extends this possibility for our customers,” comments Manoj Ganapathy, CEO, SalesTrip.
“The power of SalesTrip is immediate to see when it comes to deriving ROI from travel and expense spend,” adds Joe Healy, Director, Strategic Partnerships at Taxback International. “Recently we carried out a detailed analysis of GBTA Travel Spend data and by using our software and VAT reclaim knowledge, identified that companies are missing out on over $30 billion of potential VAT refunds every year. It’s abundantly clear that recovering domestic and foreign VAT tax spend is another area for immediate cost savings and this partnership is borne out of a shared drive to simplify and reduce the overall cost of business travel for customers. Integrating automated VAT reclaim with SalesTrip’s all-in-one travel and expenses system will enable us to do so. ”