In today's uncertain world how can you keep control on the things that matter most to your business, number one being cashflow? One way to maximise your organisation's funds is to be clear on Tax rules and where you can claim back VAT.
In recent years, HMRC and the Revenue have become more focussed on assisting businesses of all sizes to comply with their polices and implement good governance when it comes to finance. But in reality, we know that this can sometimes be confusing and the penalties for getting it wrong – severe.
Data is the most powerful asset available to you
Thankfully here at SAP Concur we understand the need for unambiguous, helpful advice about expenses, VAT, HMRC and Revenue to assist you in ensuring that you are compliant. When up against unknown economic and social obstacles, you need to know what has been spent, where it has been spent, whether VAT is reclaimable and what proof is required if so.
Having all this information in one centralised place is key to control, data is the most powerful asset available to you so seeing everything together provides you with a stronger grip on your cashflow and way to protect it. When you get it right you will become more confident in your process and put money back in your budget.
SAP Concur is a cloud-based solution that allows you to manage your expense, business travel and invoices from one integrated platform, connecting all business spend to give you total visibility. Alone, these solutions can help you increase visibility, improve compliance and cut costs. But when you bring everything together, the benefits are even greater – for you, your business and your employees.
SAP Concur solutions work with enterprise resource planning (ERP), human resources (HR) and accounting systems used by businesses of all sizes. This integrated environment provides you with a single, connected process for manging spend. We also have an open platform to allow a wide variety of partners to develop apps and services that effortlessly integrate with our solution, currently we have over 900 partners in our ecosystem. These partner solutions help businesses manage risk and compliance, to understand worldwide tax and VAT reclaim, enhance the employee experience and optimise spend.