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Compliance is Not Optional

Invapay is fully VAT/Tax compliant which means you can stay focused on running your business and spend less time thinking about tax audits. We are also fully compliant with all U.S. tax laws and IRS regulations.

    Research from sharedserviceslink.com illustrates that:
  1. VAT/Tax authorities are no longer relaxed about delaying VAT/Tax returns
  2. 40% of Governments’ income is from VAT/Tax
  3. Austerity plans across Europe mean that Governments are chasing businesses for VAT/Tax collection
  4. Scrutiny is the norm and 100% VAT/Tax compliance is required
  5. This drives P2P process compliance

 

Compliance and VAT/Tax FAQs:

Is Invapay VAT/Tax compliant? Yes HMRC has reviewed Invapay as 100% VAT/Tax compliant.
Is Invapay safe from a regulatory perspective? Yes Invapay fully complies with VAT/Tax requirements.
Does the Invapay system open me up to fraud? No Invapay actually helps protect you against fraud. Invapay provides mechanisms that control spend, and line item detail is provided for each transaction, making any fraudulent attempts easier to identify. Secure spend controls are in place to maximise security.

 

Visibility

Research from sharedserviceslink.com illustrates that:

  1. Finance and purchase-to-pay professionals are increasingly seeking tighter control of their spend.
  2. It is no longer acceptable for a business to discover a spend commitment only when the invoice is received.

Obtaining visibility in real time and into future spend is important for any finance function and the Invapay portal delivers this. Invapay gives you full visibility into all current, pending, and processed transactions, which means you have improved management of cash. The Invapay portal allows you to aggregate and report indirect spend to deep line level detail, ensuring excellent reporting and visibility on VAT/Tax reclaim. All vendor data is processed via the portal and is automatically compliant with your procurement and accounting needs.