DISCOVER HOW MONSANTO SAVED MILLIONS ON SMALL INVOICES VIA VAT AUTOMATION
With 23K employees spread across 67 countries, Monsanto was generating a yearly T&E spend of €180 million. Managing the VAT on this spend was proving too difficult for the company to handle.
By partnering with VATBox and SAP Concur, Monsanto gained:
- A uniform, enterprise-wide VAT recovery process
- Reduced overhead and streamlined recovery
- Painless data retrieval via partnerships with existing T&E management systems
- A cloud-based automated solution with no clutter or need for printed invoices
- Real-time visibility into VAT data for all global entities
Download this Case Study to learn how VATBox uncovered a VAT recovery potential of more than €2 million simply by focusing on every single invoice across the different entities and jurisdictions, no matter how small.Download Case Study
Exceeding all expectations by recovering 600% more
A diversified industrial manufacturer with global operations had challenges with maximizing VAT recovery from the many T&E invoices generated by extensive business travel. A significant percentage of invoices were not being submitted, translating into huge amounts of unclaimed VAT each year
Increases Concur engagement and 3x more VAT recovery
A publicly traded American multinational agrochemical and agricultural biotechnology with over 400 facilities across more than 60 countries, faced significant VAT management difficulties on both foreign and domestic T&E invoices. Domestic VAT recovery was handled on a local level, but due to associated complexities and language challenges, many invoices were improperly handled, leading to a serious lack of compliance.
Delivering an enterprise-wide VAT recovery solution
An Internet-based retailer with 40 subsidiaries around the globe and separate retails websites for 15 countries WW, required a technologically-savvy VAT recovery tool that could integrate seamlessly with multiple T&E software solutions and retrieve and validate all relevant data in real-time and a 100% entity-to-entity visibility and full compliance.