Yokoy (Switzerland) and Blue dot (Israel) join forces to automate the recovery of VAT and taxable social benefits.

Blue dot, a leading tax platform for VAT recovery and analysis of employee taxable benefits and based in Pituach, the Swiss group has just announced a partnership with Yokoy, the provider of an all-in-one solution. -one to automate the expense management of medium and large companies through artificial intelligence (AI). Blue dot’s AI-powered automated tax compliance system will be integrated with Yokoy’s expense management platform, to facilitate simultaneous analysis and management of company expenses, providing customers with a end-to-end that covers expense management as well as VAT recovery and TEB benefits in full.

Processing expense reports is expensive and complex, with the majority still done manually by people within a company, consuming time that could be better allocated to essential business tasks. By leveraging the joint power of AI-powered expense management and tax automation, this partnership between Blue dot and Yokoy highlights the critical role that automation and technology play in simplifying procedures. financial complexities within the modern company.

“We are pleased to partner with Yokoy, a company that shares our commitment to bringing breakthrough AI technology to the financial industry and advancing digitalization and automation within the ecosystem,” said Isaac Saft, CEO and co-founder of Blue dot. “Our combined innovation will enable a larger customer base to enjoy a fast, all-digital accounts payable experience, with unprecedented data integrity and higher levels of governance and compliance. »

Blue dot simplifies the tax analysis and reporting process, which has become necessary for high-growth businesses in a dynamic, global and dispersed work environment. Committed to protecting businesses from non-compliance by managing the step-by-step expense tax analysis process, Blue dot’s AI-powered platform identifies and processes both reportable employee benefits and VAT eligible to be reclaimed, allowing finance teams to reclaim VAT on their return efficiently and without difficulty.

This partnership follows a major funding round for Yokoy, which was used to improve the technologies on which its expense management platform is based. What started out as an expense-focused solution has since evolved into a comprehensive platform that combines expense management, vendor invoice management as well as corporate smart card supervision and automates the respective processes at using AI.

“For years, we have evolved our SaaS offering into an end-to-end automation solution for our customer portfolio,” said Lars Mangelsdorf, co-founder and chief account officer of Yokoy. “By combining Blue dot’s tax analytics add-on offerings with our comprehensive AI-powered expense management platform, we can be sure that our clients now have access to a best-in-class product, with better assurance of compliance. tax. »

Source : PR Newswire & Israel valley

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Yokoy (Switzerland) and Blue dot (Israel) join forces to automate the recovery of VAT and taxable social benefits.

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