Blue dot Expands SAP Concur Partnership With the Launch of Concur Benefits Assurance for VAT Reclaim
New solution accurately and efficiently identifies taxable employee benefits for effortless compliance
Blue dot is pleased to announce the expansion of its relationship with SAP Concur, the world’s leading brand for integrated travel, expense, and invoice management, with the launch of Concur Benefits Assurance by Blue dot. This new solution meets the growing need to identify expenses that are considered taxable employee benefits in changing business environments and working scenarios.
In the post-pandemic workplace, with a shift to a hybrid work environment that maintains remote work trends, and a return to business travel, the pressure is building for businesses to meet these challenges of dynamic taxation requirements. The need to streamline processes together with the capability to capture and process hidden costs, new expense types and policies, compounds the need to replace manual activities and updates with a configurable, reliable solution that supports changing business needs. Blue dot’s leading-edge technology integrated with the SAP Concur workflow optimizes expense reporting with an efficient automated and dynamically updated tax compliance platform, eliminating the need for manual processing and updating.
Providing visibility into spend, Concur Benefits Assurance by Blue dot helps organizations accurately and efficiently track, report and calculate taxable employee benefits hidden in expense reports. A secure, dynamically updated tax compliance platform combines sophisticated artificial intelligence (AI) algorithms, ML technology and intricate tax knowledge to enable three-way matching between supplier data, evidence, and reports to ensure full compliance, in accordance with various country laws and internal company policy.
“We are thrilled to expand our partnership with SAP Concur as consumer style spending reaches new heights – challenging the tax, finance, HR and payroll functions across global businesses,” said Isaac Saft, Blue dot founder and CEO, “Built upon our award-winning enterprise grade cloud-based technology, Concur Benefits Assurance leverages the same AI and ML foundations as Concur Tax Assurance, to bring robust, dependable automation to the challenges of employee driven spend as the impact of taxable employee benefits continues to grow in a remote work, decentralized post-pandemic era. With tax knowledge integrated to Assurance Solutions by Blue dot, we’re excited to bring ever greater efficiency, visibility, savings and above all – compliance, to our customers”.
Concur Benefits Assurance by Blue dot provides coverage on a global scale, for flexible and adaptable identification and tracking of employee benefits. The solution is configurable and easily maintained globally and locally. A customized dashboard is easily accessible for auditing purposes, providing detailed and comprehensive reports. Blue dot’s taxable employee benefits compliance platform enables an end-to-end streamlined process for effortless compliance.
“There are various aspects of a company’s duty of care obligation. While many think of working security-related challenges first, managing employee spend properly means easing people’s minds, too. For companies this can be a time-consuming and error-prone task if done manually. Ever-changing regulations, new expense types and working scenarios like bleisure or remote working are areas often managed in a grey zone from a tax perspective. Managing these expense types with the support of Concur Benefits Assurance helps companies stay compliant,” says Pierre-Emmanuelle Tetaz, EMEA SVP and General Manager, SAP Concur.
To learn more about Concur Benefits Assurance by Blue dot please visit: https://www.concur.com/benefits-assurance.