Innovation Awards 2022 is the market-leading awards program for celebrating ecosystem innovation and excellence across the technology sector in ASEAN.
- 12 November 2021 19:26
Way2VAT and Zoho partner to provide world’s first VAT/GST claim and return on business expenses in a SaaS model for SMBs
Locally listed leading VAT claim and returns solutions provider, Way2VAT (ASX:W2V) has partnered with Zoho, a leading global technology company to offer the world’s first fully automated VAT/GST claim and returns on business expenses as a Software-as-a-service (SaaS) solution for small and medium businesses.
Businesses will be able to integrate Way2VAT’s fully automated, end-to-end VAT/GST reclaim platform solution in one click, helping small and medium businesses automate their expenses to save them time and money with a subscription between USD $25 to $45 a month per company.
Way2VAT Founder and CEO, Amos Simantov, said, “We are excited to partner with Zoho to enable their customers to access foreign and local VAT/GST reclaim services easily. We firmly believe this service will add value to businesses that use Zoho Expense, an end-to-end, online travel and expense management solution, allowing them to engage in hassle-free VAT and GST reclaims, driving more revenue back into their businesses.
This partnership with Zoho forms part of WAY2VAT strategy to target the growing SMB market, where a seamless, automated VAT/GST claims solution is non-existent. The partnership will allow SMBs to streamline their T&E process, while improving their VAT/GST reclaim processes locally for all their local and foreign expenses at the same time as international travel resumes across the world and countries push for more digitally enabled taxation systems.”
Zoho Expense is an online expense reporting and management application, built to streamline expenses, simplify approvals, and speed up reimbursements. Managing organizational expenses is one of the toughest challenges for any business, since it involves a lot of manual work, compliance regulations, which is expensive and time-consuming.
Zoho Expense was built with the purpose of simplifying expense reporting processes for managers, finance teams, and employees alike, with the help of robust features, powerful automations, and an easy-to-use interface.
Way2VAT launched its SMB product in late 2020, providing a sales channel to leverage through its technology partners to access to Way2VAT’s software internationally. Way2VAT is the only vendor in the market offering VAT/GST reclaim bundle for local expenses, foreign expenses and foreign accounts payable (APs) as a SaaS model.