{"id":18765,"date":"2022-10-11T12:00:39","date_gmt":"2022-10-11T12:00:39","guid":{"rendered":"https:\/\/www.bluedotcorp.com\/press-releases\/blue-dot-named-major-player-in-new-idc-marketscape-report-copy\/"},"modified":"2023-04-06T10:17:00","modified_gmt":"2023-04-06T10:17:00","slug":"rydoo-and-blue-dot-partner-to-provide-tax-automation-solution-for-corporate-vat-and-employee-benefits-reclaim","status":"publish","type":"post","link":"https:\/\/www.bluedotcorp.com\/press-releases\/rydoo-and-blue-dot-partner-to-provide-tax-automation-solution-for-corporate-vat-and-employee-benefits-reclaim\/","title":{"rendered":"Rydoo and Blue dot Partner to Provide Tax Automation Solution for Corporate VAT and Employee Benefits Reclaim"},"content":{"rendered":"

Rydoo will leverage Blue dot\u2019s tax compliance automation capabilities to simplify and expedite tasks, maximize savings and minimize risk <\/strong><\/h2>\n

Tel Aviv, Israel (Oct. 11, 2022)<\/strong> \u2013<\/p>\n

Blue dot<\/span><\/a>, a leading tax compliance platform for employee-driven spending for\u00a0<\/span>VAT recovery<\/span><\/a>\u00a0and\u00a0<\/span>Taxable Employee Benefits<\/span><\/a>\u00a0(TEB) analysis, announced today the launch of a new partnership with <\/span>Rydoo<\/span><\/a>, a leading international SaaS software solution for managing business expenses.<\/span> The partnership offers a one-of-a-kind, AI powered solution empowering Rydoo customers with unprecedented visibility and control within the Rydoo workflow, and effortless VAT compliance and support for taxable employee benefits, also known as fringe benefits or benefits-in-kind.<\/span><\/p>\n

According to <\/span>The Accenture Future of Work Study<\/span><\/a>, 63% of high-growth companies have already adopted a \u201cproductivity anywhere\u201d workforce model, ushering in a new era of consumer-style enterprise spending and, with it, new challenges for businesses looking to maintain tax compliance along with expenditure regulations. This partnership between Rydoo and Blue dot will afford Rydoo clients a reliable, accurate and automated solution to accelerate financial processes and ensure effortless tax compliance and automation of VAT recovery and Taxable Employee Benefits (TEB) across the enterprise.\u00a0\u00a0\u00a0<\/span><\/p>\n

\u201cHigh-growth companies require a scalable solution that addresses the complexities of the current consumer-style spend landscape, and automation is the key,\u201d said Isaac Saft, CEO & Co-Founder of Blue dot. \u201cJoining forces with Rydoo to leverage smart AI and ML tech solutions will ensure companies can meet head-on the challenges they face in an ever-changing ecosystem while boosting efficiency, visibility, and compliance.\u201d\u00a0<\/span><\/p>\n

Rydoo’s AI-powered integrated solution streamlines, simplifies, and automates the spend management process, enabling on-the-go expense capture and submission while staying compliant with local regulations.\u00a0 <\/span>Through this partnership, Rydoo\u2019s customers will gain access to Blue dot\u2019s database of rules and regulations and best practices across national and domestic jurisdictions updated in near real-time to ensure compliance.\u00a0<\/span><\/p>\n

\u201cWe are constantly looking for new ways to help our customers bring out the best in their teams — this partnership will help us do just that,\u201d said Justin Borja, Head of Partnerships at Rydoo. \u201cWe are thrilled to round out our product with this integration and provide our customers with the added value of Blue dot\u2019s AI-driven technology to improve visibility into their taxable spend.\u201d\u00a0<\/span><\/p>\n

Supported by Blue dot technology, Rydoo customers will now enjoy the benefits of advanced automated tax tech, perfecting invoice reading (OCR) and matching, providing powerful analytic capabilities and insights with unprecedented data integrity and validation, and safeguarding the highest level of governance and compliance in pursuit of VAT recovery revenues.\u00a0<\/span><\/p>\n

About Blue dot<\/b><\/p>\n

Blue dot<\/span><\/a>, the world\u2019s leading automated tax compliance solution has created the first dynamically updated financial technology platform for employee-driven transactions. Blue dot\u2019s all-in-one Tax Compliance Platform harnesses digitization and automation to process and analyzes a company\u2019s employee spend data for VAT, taxable employee benefits and corporate income tax<\/a>. Blue dot is fully dedicated to providing its clients with value as well as the peace of mind that comes from full compliance. The company has attracted a large portfolio of Fortune 500 clients. Blue dot was founded in 2013 and is headquartered in Tel Aviv, Israel, with offices in Amsterdam and the UK.\u00a0 For more information, please visit: <\/span>https:\/\/www.bluedotcorp.com\/<\/span><\/a>\u00a0<\/span><\/p>\n

About Rydoo<\/b><\/p>\n

Rydoo<\/span><\/a> is a leading provider of expense management that reinvents and simplifies the process for high-growth companies. Rydoo has been recognised as one of the top expense management software providers for enterprises by G2 Crowd, the world\u2019s leading business solution review platform. With a team of +150 enthusiastic employees, Rydoo operates in over 150 countries. More than 10 000 customers and over 1 million users benefit from the usability and efficiency of its consumer-oriented app. For more information, please visit www.rydoo.com.<\/span><\/p>\n

Blue dot Media Contact:\u00a0<\/b><\/p>\n

Tamara Raynor-Cote<\/span><\/p>\n

Headline Media<\/span><\/p>\n

tamara@headline.media<\/span><\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Major Player in the IDC MarketScape: Worldwide SaaS and Cloud Value-Added Tax Software 2021 Vendor Assessment<\/p>\n","protected":false},"author":6,"featured_media":21332,"comment_status":"open","ping_status":"open","sticky":false,"template":"single-press-template.php","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2612],"tags":[],"yst_prominent_words":[198,195,173],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bluedotcorp.com\/wp-json\/wp\/v2\/posts\/18765"}],"collection":[{"href":"https:\/\/www.bluedotcorp.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bluedotcorp.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bluedotcorp.com\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bluedotcorp.com\/wp-json\/wp\/v2\/comments?post=18765"}],"version-history":[{"count":0,"href":"https:\/\/www.bluedotcorp.com\/wp-json\/wp\/v2\/posts\/18765\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bluedotcorp.com\/wp-json\/wp\/v2\/media\/21332"}],"wp:attachment":[{"href":"https:\/\/www.bluedotcorp.com\/wp-json\/wp\/v2\/media?parent=18765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bluedotcorp.com\/wp-json\/wp\/v2\/categories?post=18765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bluedotcorp.com\/wp-json\/wp\/v2\/tags?post=18765"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.bluedotcorp.com\/wp-json\/wp\/v2\/yst_prominent_words?post=18765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}