THE WAY TO TURN VAT EXPENSE
INTO REVENUE

WAY2VAT offers easy cloud-based travel expense management

 of automated foreign VAT reclaims for global companies.

WHAT WE OFFER

Significantly increase your company’s VAT recovery:
Real-time reporting, with all VAT reclaim expenses captured and processed.
Comprehensive transparency:
From the travel expenditure to the VAT refund…it’s all accessible online.
Automated reporting:
Automatic report generation after each trip, creating greater organizational efficiency.
Save time and increase efficiency:
Supplier invoices are scanned and analyzed automatically.
From trip request to expense report:
A fully automated travel and expense management platform.
Enhanced SLA reporting:
Easily capture receipts on mobile devices, in real time.
A paperless process:
No need to hassle with printed receipts.
Instant online expense reports:
Reports are automatically generated after each trip.
Immediate reimbursement:
Employees receive automatic payment after they travel.
From trip request to expense report:
A fully automated travel and expense management platform.
Enhanced SLA reporting:
Easily capture receipts on mobile devices, in real time.
A paperless process:
No need to hassle with printed receipts.
Instant online expense reports:
Reports are automatically generated after each trip.
Immediate reimbursement:
Employees receive automatic payment after they travel.
Significantly increase your company’s VAT recovery:
Real-time reporting, with all VAT reclaim expenses captured and processed.
Comprehensive transparency:
From the travel expenditure to the VAT refund…it’s all accessible online.
Automated reporting:
Automatic report generation after each trip, creating greater organizational efficiency.
Save time and increase efficiency:
Supplier invoices are scanned and analyzed automatically.

OUR VIDEO

HOW DOES IT WORK?

Suitable for large enterprises with global business operations

Scan invoices

anytime, anyplace

  • Travel and Expenses
  • Supplier invoices
  • Trade show/workshop/convention related expenses
  • Shipments, Delivery Duty Paid (DDP)

WAY2VAT control,
analysis and reporting

Invoice content and context are analyzed based on OCR and online machine learning. WAY2VAT will then automatically fill out all countries’ foreign VAT reclaim forms in different languages, with no additional work on your part.

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Automated VAT reclaims and expense report

Refund for your company

After automated reports are generated and reviewed by tax authorities, the company receives a VAT refund to its account.

 

Reimbursement for your employees

The expense date is automatically processed and the amount is transferred to the employee’s account.

A WORLD OF BENEFITS

 

1
Get the VAT refunds you deserve!

With WAY2VAT, business travelers report and update their information in real time, meaning no more lost expense-related data, and no more lost revenue for you or your employees.

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Leave the paperwork at home

With WAY2VAT’s cloud-based expense control,
business travelers no longer need to collect
paper receipts, and accounting departments
no longer need to process them.

2
Automated process increases revenue

WAY2VAT’s automated solution
replaces labor-intensive,
inefficient travel and expense systems –
increasing your company’s revenue and bottom line.

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Simple, seamless integration

Our platform easily integrates with your existing
ERP and T&E systems – such as SAP
and Oracle – for simple, straightforward integration.
Business travelers can start using the app in minutes.

About Us

The WAY2VAT Story

Most foreign VAT today is left unclaimed by businesses. This is due to highly bureaucratic and complicated reclaim processes, and simply because businesses are not aware that VAT reclaim is possible.

As a Fintech company, WAY2VAT’s B2B2E application is revolutionizing the way VAT is reclaimed by companies conducting business in foreign countries and regions – including Europe, APAC, Africa, and the Middle East. We’ve transformed a complicated, tedious, and highly bureaucratic process into a seamless one that increases a company’s bottom line – with our market potential estimated at $20B of unclaimed foreign business VAT each year.

Business travelers will love WAY2VAT too. Our platform allows them to scan travel invoices with ‘one-click’ smartphone scanning, for automated reporting and reimbursement, and comprehensive travel reports at the end of their trips.

CFOs will appreciate the increased revenues, efficiency, accuracy, and transparency that WAY2VAT provides as well – with the ability to significantly increase their company’s VAT recovery.

Management
Amos Simantov
CEO and Founder

More than 20 years as a top executive – including as CEO, and VP Sales of major global high-tech enterprises such as SintecMedia, Rit Technologies, Lognet Systems, and ADI. Amos specializes in SaaS platform, Broadcast, IT, and Telecom. Proven track record in leading companies to economic success, including several exits and successful M&As. Amos holds an MBA and BA in Economics from Tel Aviv and Bar Ilan University.

Arnon Yaar
VP R&D and Co-Founder

Innovative leader with extensive experience in creating disruptive new services and technologies for the past 15 years. Arnon worked for seven years as a Director at Comverse Innovation Labs, as an engineer at RadVision, and as a lead technologist for two communications startups that he co-founded. Arnon has a master’s degree in Interactive Telecom from New York University, and a BScEE from Tel Aviv University.

Aviv Barshaf
VP Finance & Co-Founder

Aviv has vast experience in corporate finance. He has guided numerous companies through strategic and financial challenges - including both startups and publicly traded companies. Aviv previously served as Chief Analyst of BTB – Israel’s largest P2P platform, and as an advisor to leading CPA and consulting firms. Aviv holds an MBA (with honors) and a BA in Finance. He serves as a lecturer and academic staff member at the School of Business Administration, The College of Management Academic Studies (COMAS) in Israel.

Roy Shilkrot, PhD
Chief Research Scientist

Researcher and computer scientist specializing in human-computer interaction, computer graphics and computer vision. Before joining WAY2VAT, Roy worked with Microsoft Research Labs in Redmond, Comverse Innovation Labs in Tel Aviv, Tel Aviv University and various startup companies. Roy holds several patents, has co-authored a book, and has published numerous peer-reviewed academic journals and conference articles. Roy holds a Ph.D. from MIT Media Labs, where he specialized in Computer Graphics and Computer Vision.

Adoram Gaash
Board Member

Adoram has a solid track record as a VC and startup CEO. Prior to founding Moneta Seeds, he founded StageOne VC [2001], which invested in 20 startups and resulted in six exits. Later in his career, Adoram lived in Silicon Valley and as a Managing Director with GrowthPoint Technology Partners, he helped startups explore their exit strategy with several global companies – including Radwiz, Magnfire, Octalica, Trivnet, and Crescendo. Adoram graduated with honors from the Israeli Institute of Technology (Technion) with a BScEE in Computer Engineering. He has an MBA from Tel Aviv University,

Alan Oken
Board Member

Alan is a South African-trained chartered accountant. He has been both a founder and an investor in a number of startups and other businesses over the past 30 years. Alan is the Chairman and CFO of HIR0-Media, an online video ecosystem. Alan was previously the Director and CFO of Get Price Limited, a premier online shopping-comparison site in Australia that was sold to News Corp. He was also Director and CFO of Backlife Limited, a developer of patented home-use medical devices.. Alan has invested in several successful startups in the past, including contact.com, Valis, and NetCustomized.

Investors

WAY2VAT is backed by venture capital firms that specialize in FinTech investments, as well as leading investment and commercial banks.

Moneta Seeds – Moneta Seeds is an early-stage Venture Capital firm that invests in emerging technology startups and helps them become successful companies. The fund specializes in Fintech-oriented startups.

Da Vinci Capital – Da Vinci Capital is a private equity fund specializing in growth capital, buyouts, and middle market investments.

iAngels – iAngels is an angel investment firm, enabling a global investor audience the opportunity to invest in early-stage startups in Israel. iAngels specializes in equity crowdfunding.

Poalim Capital Markets – Poalim Capital Markets is Israel’s leading investment bank, providing a full range of global products and services. PCM is a subsidiary of Bank Hapoalim, Israel’s largest financial group.

Standard Bank – A member of Standard Group, African largest banking group Standard Bank supports technology innovation and invests in disruptive Fintech technologies.

CAREERS 

WAY2VAT is an innovative start up in the Fintech industry. We are seeking an experienced Backend Web Application Developer to join a very strong and versatile team, to invent and develop an intelligent financial product for high-end enterprises. In this role, you will be working closely with cutting-edge technology in a fun and dynamic environment.

The successful candidate should have:

  • At least 2 years’ experience developing in NodeJS. TypeScript – an advantage.
  • At least 4 years’ experience in OOP languages such as Java/C++/.Net.
  • A B.Sc. in Computer Science, or be an elite IDF technology unit graduate.

You should also be:

  • A great team player, with a positive attitude and excellent interpersonal skills.
  • Independent and a self-learner, with the capability to take responsibility and initiative.
  • Results-driven, with great execution skills.

This position will be based in our Tel Aviv office. Please send your CV to careers@way2vat.com.

About WAY2VAT

Established in 2015, WAY2VAT provides a highly sophisticated, cloud-based platform for travel expense and foreign VAT reclaims. Tapping into the billion-dollar global travel management software market, WAY2VAT is revolutionizing enterprises’ travel expense management and VAT reclaim.

The WAY2VAT platform automates organizations’ cumbersome VAT reclaim processes, and empowers employees while increasing corporations’ bottom line. By doing so, WAY2VAT provides better control and transparent reporting for financial departments, and hassle-free reimbursement for business travelers.

Our mission is to recapture the billions in VAT refunds left unclaimed by businesses, and create a revolution in the way companies handle their foreign VAT reclaims.

LinkedIn: https://www.linkedin.com/company/way2vat

Facebook: https://www.facebook.com/way2vat/

We are looking for a Senior Product Manager who is passionate about building SaaS products that customers love.  You will join a dynamic and fast-paced environment, and work with cross-functional teams to design, build and roll out products that help deliver the company’s vision and strategy.

Responsibilities

  • Gain a deep understanding of the customer experience, identifying and filling in product gaps and generating new ideas that grow market share, improve customer experience and drive growth.
  • Manage the full product life cycle, from product definition through launch to maintenance.
  • Lead the roadmap-building process and its implementation.
  • Translate product strategies into detailed requirements and prototypes.
  • Scope and prioritize activities based on business and customer impact.
  • Work closely with R&D teams to deliver with quick time-to-market and optimal resources.
  • Orchestrate and coordinate the definition of new features and apps.
  • Facilitate the innovation of new products.

Requirements

  • At least 5 years of experience in product management of web and mobile products, with a demonstrated ability to drive product planning, development and launches.
  • Ability to translate market and customer needs and problems into clearly articulated product requirements.
  • Proven track record of managing all aspects of a successful product throughout its lifecycle.
  • Solid technical background with understanding and/or hands-on experience in software development and web technologies. Working with enterprise customers in SaaS model products – an advantage.
  • Agile (in nature and methodologies), organized and structured.
  • User-centric, with a deep understanding of UX/UI.
  • Strong problem-solving skills and willingness to roll up one’s sleeves to get the job done.
  • Skilled at working effectively with cross-functional teams.
  • Excellent written and verbal communication skills in Hebrew and English.
  • A degree in Computer Science, Engineering or equivalent preferred.

This position will be based in our Tel Aviv office. Please send your CV to careers@way2vat.com.

About WAY2VAT

WAY2VAT is an innovative FinTech startup with top enterprise customers and highly-regarded investors. We provide a sophisticated, cloud-based platform for travel expense management and foreign VAT reclaims. Tapping into the billion-dollar global travel management software market, WAY2VAT is revolutionizing enterprises and the SMB travel expense and VAT reclaim process.

The WAY2VAT platform fully automates organizations’ cumbersome VAT reclaim processes, and empowers employees while increasing corporations’ bottom line. By doing so, WAY2VAT provides better control and transparent reporting for financial departments, and hassle-free reimbursement for business travelers.

Our mission is to recapture the billions in VAT refunds left unclaimed by businesses, and create a revolution in the way companies handle their foreign VAT reclaims.

LinkedIn: https://www.linkedin.com/company/way2vat

Facebook: https://www.facebook.com/way2vat/

Let us know how we can help you, and we will get back to you shortly.
Israel Office:
Habarzel 34A, Tel-Aviv, Israel
TL: +972.3.508.0022

Copyright © 2017 WAY2VAT. All Rights Reserved.

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