Blue dot, a top tax platform for employee-driven spending for VAT recovery and Taxable Employee Benefits analysis, and Yokoy, a supplier of an all-in-one solution to automate spend management for midsize and big businesses using artificial intelligence, have created collaboration (AI).
Yokoy’s spend management platform will be connected with Blue Dot’s AI-powered automated tax compliance solution to allow for the simultaneous analysis and monitoring of business expenditures. Customers will receive a full range of services, including expenditure management, total VAT recovery, and TEB advantages.
Employees of a company still submit the majority of expenditure reports manually, which is costly, challenging, and takes time away from other business obligations.
This partnership between Blue dot and Yokoy underscores the critical role that automation and technology play in optimizing complex financial processes inside modern organizations by integrating the combined capabilities of AI-powered expense management and tax automation.
Blue Dot streamlines the tax analysis and filing process, which has become crucial for high-growth firms in the dynamic, dispersed, and global workplace. Finance teams can swiftly and simply recover VAT on their declaration thanks to Blue Dot’s AI-driven platform, which finds and processes both valid VAT to be recovered as well as fringe benefits that need to be reported. By overseeing the meticulous process of expenditure tax analysis, Blue Dot is dedicated to safeguarding businesses from non-compliance.
After receiving a sizable sum of money, which it utilized to enhance the technology behind its expense control platform, Yokoy entered into this partnership. What started out as an expenditure-focused solution has evolved into a comprehensive platform that combines cost management, supplier invoice management, and the monitoring of smart corporate cards, and uses artificial intelligence to automate the corresponding processes.
Lars Mangelsdorf, co-founder and chief customer officer of Yokoy, stated that the company has spent years transforming its SaaS product into an all-encompassing automation solution for its clientele. By combining Blue dot’s additional tax analysis capabilities with our broad AI-driven spend management platform, we can be certain that our clients now have access to a best-in-class offering with greater tax compliance certainty.
