Glantus Holdings PLC Glantus and VAT IT UK Ltd Announce Partnership
October 06 2021 - 2:00AM
RNS Non-Regulatory
TIDMGLAN
Glantus Holdings PLC
06 October 2021
Glantus Holdings plc
("Glantus" or the "Company")
Glantus and VAT IT UK Ltd Announce Partnership
Glantus and VAT IT UK Ltd form a strategic partnership assisting
enterprise customers to maximize their vat, working capital
savings, and compliance.
Glantus and VAT IT UK Ltd(' VAT IT' ) , today announce that they
have signed a partnership agreement to offer tax and working
capital reclaim services.
VAT IT customers will now have access to the Glantus Data
Platform and expertise to realize additional savings through
targeted accounts payable analysis, credit recovery, and automation
of the accounts payable process. Glantus customers will also
benefit from having access to the leading global VAT reclaim
company, to bring innovative digitalization and analytics-driven
problem-solving to the VAT recovery process.
Joint customers benefit by combining savings on utility
expenditure with reduced vendor transaction costs, accelerated
recovery of working capital, and increased visibility of accounts
payable data.
Customers who use the integrated Glantus and VAT IT platforms
will achieve a greater return to their bottom line through machine
learning and Artificial Intelligence. This will be done by
eliminating manual processes and ensuring invoice compliance in an
ever-changing VAT landscape. By working together, companies can now
use the combined data to identify anomalies faster and deliver
targeted automation to ensure continued savings.
To remain competitive, Financial Controllers must aim to make
the finance function a profit center by seeking data-driven actions
to save money and offer innovative solutions that transform their
operations.
Working together, Glantus and VAT IT combine both proprietary
platform technologies and experience, to reach out to more
companies globally, helping them save more money through analysis
of all tax and accounts payable transactions, as well as creating
significant operational efficiencies.
Andrew Frazer, Executive VP, Head of Global Strategic Alliances
and Partnerships at Glantus, said: "The vision for Glantus is to
offer our enterprise customers key analysis, timely insights and
automation across their finance function to drive growth. By
partnering with VAT IT, we now connect to a platform that maintains
its status as the largest, most reliable VAT recovery partnership
in the world".
Selwyn Stein, Group Managing Director of VAT IT Reclaim , said:
"The ability to bring together two complimentary solutions, neatly
packaged and available to customers is incredibly exciting.
Customers will have access to real-time insights and leverage our
expert teams to help them save time, save money, remove paperwork
and drive automation across their finance functions."
For further Information, contact:
Glantus Holdings plc + 353 1 8895300
Maurice Healy, CEO
Grainne McKeown,CFO
ir@glantus.com
Arden Partners plc +44 20 7614 5900
Nominated Advisor and Broker
Ruari McGirr / Richard Johnson (Corporate)
Simon Johnson (Broking)
Flagstaff Strategic and Investor Communications
Tim Thompson + 44 7710 718 649
Mark Edwards
Fergus Mellon
glantus@flagstaffcomms.com
About VAT IT
VAT IT has been involved in the cross-border VAT reclaim
industry for over 20 years. Through organic and acquisitive growth,
we have evolved into the leading provider of VAT recovery services
internationally. VAT IT offers a full, end-to-end Foreign &
Domestic VAT reclaim solution to over 13,000 clients in over 117
different countries which include 50% of the fortune 500 companies.
Our tailor-made service and industry-leading technology are
designed to maximize your Foreign & Domestic VAT savings and
compliance. We envision ourselves as an extension of your finance
team, freeing your employees to focus on critical areas of the
business function.
For more information see vatit.com
About Glantus
Glantus is a global provider of accounts payable automation and
analytics solutions. Our mission is to simplify data to drive
constant innovation. The award-winning Glantus Data Platform
connects all AP systems and suppliers on one agile platform,
eliminating cost and delivering new revenue streams. We work in
tandem with our partners, to deliver joint enterprise digital
transformation solutions. For more information see glantus.com
.
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