Cash Back, (the Smart Way to Reclaim Foreign VAT on Travel Expenses), today announced the integration of its Travel and Expense (T&E) Value Added Tax (VAT) RETRIEVER with Concur® (NASDAQ: CNQR), the leading provider of spend management solutions and services. Now available in the Concur App Center, the T&E VAT Retriever will provide Concur clients with effortless, rapid recovery of their foreign VAT.
Cash Back’s T&E VAT RETRIEVER will automatically and routinely extract receipts from Concur to identify all refundable VAT and prepare the company claims for the tax authorities. This integration results in earlier receipt submission, as well as expediting the process and enabling larger refunds.
“Cash Back has always been in the forefront of technology when processing the thousands of VAT claims we submit each year to the tax authorities on behalf of clients all over the world. Therefore it was a natural step for us to select Concur, a leading international provider of travel and expense solutions,” said Jane Holmberg, CEO of Cash Back. “This partnership lets technology drive the process from the moment someone is handed a receipt to it being submitted correctly at the Tax Authorities.”
“We are focused on creating an ecosystem of partners that deliver connected, effortless and
transparent solutions for our clients,” said Jigish Avalani, SVP and GM of Platform and Developer
Services for Concur. “Our partnership with Cash Back is an excellent addition to our ecosystem,
enabling a difficult process such as VAT reclaims to be an expedited, seamless process – minimizing time spent and maximising savings.”