WAY2VAT Selected to Present on NOAH18 London Startup Stage
Attending angels and VCs will hear about patented AI solution that is changing the landscape of automated VAT returns
Tel Aviv, Israel
WAY2VAT is proud to announce it has been hand-picked to present at the NOAH18 London Startup Stage. While over 500 applications were received, WAY2VAT is one of only 80 companies selected to present.
The NOAH Conference provides a unique environment to meet relevant angels and VCs looking for early-stage opportunities and increasing public awareness. With over 1,800 attendees including 100+ of Europe’s leading digital businesses this event is the “who is who” of European Internet.
WAY2VAT is the only 100% automated VAT reclaim solution, with zero manual processing. At the event, Amos Simantov, CEO of WAY2VAT, will discuss how the company is making automated VAT return accessible to any company regardless of size or income. He will also demonstrate the patented AI and deep learning algorithms that can result in up to significantly higher VAT returns for both enterprise and SMB customers.
The proprietary technology leverages data augmentation to read any invoice in 30 different languages, regardless of shape, format, or if it is torn, crumpled, stained. In addition, the system assists in fraud prevention by automatically identifying any discrepancy in cost estimate and final cost, and flagging double receipt submission.
WAY2VAT also offers a complimentary Expense Management System for SMB clients. This system is ideal for financial and tax managers overburdened by the manual effort needed to process VAT reclaim, and who are spending precious hours of manpower in a process that is prone to human error. Accounting teams using the Way2Vat system can automatically develop monthly reports for every employee, so expenses are organized and easily tracked.
WAY2VAT’s vision is to change the status quo for the VAT refund industry. The company has significant market traction, with clients in 10 different countries including public and Fortune 500 companies. WAY2VAT supports online reclaims in more than 40 countries around the globe, and expects to gain mainstream market exposure over the next 12 months.
WAY2VAT is the only company today that provides a fully automated end to end VAT reclaim solution and expense management ecosystem. Our patented and revolutionary artificial inelegance technology and “AIA” (Automated Invoice Analyzer) capabilities enables our one-click to claim solution for invoice capturing and travel report generation. WAY2VAT’s cloud-based solution and big data analytics is available on smartphones and on the web…anytime, anywhere and in any language.