San Francisco, CA – July 7, 2011 – ABUKAI, Inc., the innovative leader in ACTIONABLE BUSINESS PRODUCTIVITY, today announced that ABUKAI Expenses has expanded its Global VAT Support for customers whose expense reports are required to list VAT.
ABUKAI has added functionality for the management of VAT amounts centrally and for blended VAT %, where a purchase includes different items at different VAT rates.
Both ABUKAI trial users and subscribers in the following countries can now receive reports with VAT out of the box:
UK - VAT
Ireland - VAT
Australia - GST
New Zealand - GST
Canada - HST/GST (support for both in English and French)
Germany - MwSt
Austria - MwSt
Switzerland - MwSt / TVA (support for both in German and French)
Other country and tax scheme support can easily be configured for customers as needed.
“We’re pleased to offer Global VAT Support, which expands our existing offering of localized reports for English, French, German, Italian, Portuguese, Russian and Spanish customers”, says Philipp Schloter, CEO of ABUKAI. “Our new offering allows customers to custom-tailor ABUKAI Expenses to their companies’ particular requirements, format and systems. And our flexible tax support enables them to truly operate globally.
With users in over 90 countries, ABUKAI Expenses is the leading expense report solution that transforms how employees complete expense reports, providing significant savings to both the employee and employer. Users take pictures of their expense receipts with their smart phones and then submit them for processing. ABUKAI Expenses “reads” the receipt images, converts the data, and automatically enters the correct information into an expense report, organized in the appropriate accounts.
ABUKAI provides 30-plus attributes and specific transaction data including date, amount, vendor name, city, state and country. Moreover, ABUKAI Expenses provides accounting category and account number attributes (based on the customer’s chart of accounts for ABUKAI Custom Corporate Accounts). Custom Corporate Accounts can also receive a designation of reimbursable vs. company pre-paid for each transaction. Associated cost center/project codes can also be delivered (Optional features).
About ABUKAI, Inc.
ABUKAI is revolutionizing how companies conduct business by providing ACTIONABLE BUSINESS PRODUCTIVITY™
ABUKAI Expenses substantially reduces the time and effort required to complete expense reports and increases reporting accuracy. ABUKAI Expenses has active users in over 90 countries and its extremely simple two-step process substantially reduces the time and effort required to complete expense reports while simultaneously increasing accuracy. ABUKAI Expenses easily integrates with existing systems, and can be deployed within a matter of days without the need to replace existing systems or processes. ABUKAI Expenses has been shown to all but eliminate expense report creation effort.
ABUKAI, Inc. was recently named one of the top 10 companies to watch at GSMA’s Mobile World Congress, the largest and most prestigious telecommunications industry conference with over 50,000 participants.
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