Small invoices – big impact
Small invoices have a big impact. VATBOX benchmarks reveal that 35% of your total VAT refund on T&E expenses, exist actually of transactions with less than 10 euros in VAT. Looking at the number of invoices, the small VAT invoices actually represent a staggering 70% of all your T&E invoices. Up until now, when you or a service provider, conducts a manual process, there was no real business case to start reviewing all these small amounts. The automated VATBOX solution can unlock this potential for you even on the smallest transactions. Our solution processes both small and big transactions, using exactly the same algorithms. Money that previously was considered to be buried cost is now within your reach.
