A global leader in automated VAT/GST claim and return solutions, Way2Vat Ltd (ASX:W2V) has signed a partnership agreement with Webexpenses, an online expenses management platform which is a part of the ELMO Software group (ASX:ELO). The agreement will enable European users of Webexpenses to use Way2VAT’s VAT/GST automated claim and return solution.
This agreement offers various common synergies for W2V to benefit from as Way2VAT’s SMB solution will be integrated into the Webexpenses platform for its UK-based SMB customers initially. The parties further plan to expand it to other markets in due course.
Under the agreement, Way2VAT’s revenue will come from the clients through a one-year contract based on every successful VAT…