The Value of Automating Global VAT Recovery

With global business travel spend expected to advance 5.8% each year – reaching $1.6 trillion in 2020 – T&E isn’t just a complex expense for many organizations, it’s a significant one. For the average organization, T&E accounts for up to 12% of its annual budget, second only to payroll. A significant portion of this spend, however, may be recoverable in the form of Value Added Tax (VAT) reclaims.