- Strategic Partnership for VAT Recovery: Fintua, a leader in indirect tax technology, has teamed up with Conferma, a pioneer in virtual payment technology, to launch an automated VAT reclaim solution for corporate travel, simplifying the process and helping businesses recover significant indirect tax revenue.
- Efficiency and Automation: The collaboration addresses the complexities of VAT recovery in corporate travel by using virtual card payments to automate invoice collection and compliance, thereby reducing administrative burdens and enhancing cash flow, with potential VAT recoveries of up to 27% on hotel expenditures.
- Global Coverage and Seamless Integration: The solution integrates directly into Conferma’s virtual card infrastructure, supporting VAT reclaim across over 180 countries, and allows companies to turn everyday travel expenses into recoverable revenue without altering their payment processes.
Source Fintua
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