WAY2VAT provides a fully automated end to end VAT/GST reclaim solution. Our patented and revolutionary artificial intelligence technology and capabilities enable automated VAT/GST report generation, submission and recovery, resulting in simple hassle free VAT/GST reclaims for your business!
AI VAT RECLAIM TECHNOLOGY
Our solution connects via an API to your existing ERP/ Accounting SW/ expense management system, analyzes recoverable VAT/GST, and automates the reclaim process with a seamless submission to the tax authorities, generating hassle free VAT/GST returns to your company. Fully compliant with GDPR, the system has unique capabilities for fraud detection and anomaly alerts on top of VAT/GST “claim-ability” detection and VAT/GST risk analysis.
AIA CAPABILITIES FOR VAT/GST RECLAIM
DATA AUGMENTATION
ANY SHAPE
TORN / STAINED / CRUMPLED
ANY CURRENCY
YEN / DOLLAR / EURO / OTHER
ANY
LANGUAGE
ANY EXPENSE TYPE
HOTEL / TRANSPORTATION / EVENTS
ANY
FORMAT
DUPLICATES
IDENTIFIES HUMAN ERROR / ANOMALIES
Foreign VAT/GST Reclaim on Account Payable Invoices
VAT refunds on the VAT incurred on foreign Account Payable supplier invoices. These can include shipping costs (DDP), land and property costs, import VAT, tooling, conferences and events, centrally purchased hotels, intercompany invoices, supply and installation costs, professional services not subject to reverse charges, and more.
VAT/GST Reclaim for Local Business Travel
Local VAT refunds on travel and entertainment expenses incurred by employees on local business trips. Seamless integration with your existing expense management system.
Foreign VAT/GST Reclaim for Companies
Foreign VAT refunds from the relevant authorities on expenses incurred by employees on business trips. Seamless interation with your existing expense management system.
Our VAT reclaim solution simply connects via an API to your existing expense management system. We also offer our own integrated expense management tool.
VAT/GST RECLAIM LOCATIONS
Australia
Austria
Belgium
Bulgaria
Croatia
Cyprus
C. Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Iceland
Ireland
Italy
Japan
Latvia
Lithuania
Luxembourg
Malta
Netherlands
New Zealand
Norway
Poland
Portugal
Romania
Serbia
Slovakia
Slovenia
South Korea
Spain
Sweden
Switzerland
UK
Canada
Taiwan
We are VAT experts in multiple locations
HOW IT WORKS
1
CONNECT
Seamless connection to standard API’s/ Accounting SW/ Travel/ ERP SW’s
2
SUBMIT
Generate and submit reports to tax authorities
3
REFUND
Less time. Up to 30% more VAT/GST refunded
4
INSIGHTS
Best practices for saving money
INTEGRATED VAT AND EXPENSE MANAGEMENT TOOL
WAY2VAT offers an expense management tool integrated with the VAT reclaim solution.
The cloud-based solution and big data analytics expense management solution is ideal for any size or type of company.
The app is available on smartphones and on the web…anytime, anywhere ,any shape and in any language.
FIVE SECONDS IS ALL IT TAKES!
WHAT HAPPENS NEXT?
The employee is reimbursed for travel expenses.
The company gets the foreign VAT back.
The company gets the foreign VAT back.
OUR CUSTOMERS
WAY2VAT serves hundreds of customers worldwide, including Fortune 500 companies.
Over 97% success rate in vat reclaims.
VAT/GST Hub
Integrate EMS and any accounting SW for a full financial ecosystem
Visibility & Control
Online reporting, fraud and anomaly alert
Privacy, GDPR & ISO
Privacy is important to us. GDPR, SOX compliant, ISO certified
About Us
Established in 2016, we wanted to challenge the VAT industry’s status quo by making VAT refunds accessible to all. Since it was established, WAY2VAT has grown to a team of over 47 employees serving over 150 clients from our offices in Tel Aviv, London and Craiova, Romania. We are proud to be granted a patent in the United States for the use of AI and deep learning to support a VAT reclaim solution.
Management
Amos Simantov / CEO and Founder
More than 20 years as a top executive – including as CEO, President and VP Sales of major global high-tech enterprises such as SintecMedia, Rit Technologies, Lognet Systems, and ADI. Amos specializes in SaaS platform, Fintech, Broadcast, IT, and Telecom. Proven track record in leading companies to economic success, including several exits and successful M&As.
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 Scientist and Co-Founder
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.
Ely Marcovich / VP Strategic Alliance and Partnerships
With over 25 years of experience in international companies across a range of industries from finance and billing to media and logistics. This varied professional experience coupled with a positive attitude has led to success in developing strategic partnerships with innovative business models. Ely holds a B.Sc. in Engineering from the Technion Institute.
Elena Sorescu / Managing Director, Romania
Elena brings solid managerial experience to her role at WAY2VAT, with 10 years’ experience in leadership positions at Operative LTD., during which time she offered a significant contribution to project implementation, team development and business development, serving large and complex global clients in Broadcasting field. As Managing Director of the Romania office, Elena is responsible for the local branch of the company.
Adoram Gaash / Chairman
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,
Investors
News
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Israel Office: Habarzel 34A, Tel-Aviv, Israel, 6971051 TL: +972.3.508.0022
UK Office: 5 Merchant Square, Westminster, London W2 1AY TL: +44203 882 7790
Romania Office: Stribei Voda Blv, No. 30 Office Tower Malmo Building 11th Floor, offices 1101-1105 Craiova, Romania Postal Code 200423
Office: +40 351 733 070, Ext 101
Office: +40 351 733 070, Ext 101
New York Office: Tower 49 12 East 49th Street New York NY 10017 United States
Israel Office: Habarzel 34A, Tel-Aviv, Israel, 6971051 TL: +972.3.508.0022
UK Office: 5 Merchant Square, Westminster, London W2 1AY TL: +44203 882 7790
Romania Office: Stribei Voda Blv, No. 30 Office Tower Malmo Building 11th Floor, offices 1101-1105 Craiova, Romania Postal Code 200423
Office: +40 351 733 070, Ext 101
Office: +40 351 733 070, Ext 101
New York Office: Tower 49 12 East 49th Street New York NY 10017 United States
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