Satcom Direct and MySky, the AI-powered spend management platform, have signed an agreement with tax reclamation experts VAT IT USA to enable the companies to combine their expertise to deliver streamlined VAT and tax reclamation to mutual customers by leveraging each partner's technology.
The aggregation of the VAT IT tax recovery option with the MySky financial module, within the digital flight operations platform SD Pro, acts as a force multiplier for flight departments, operators and owners. After a complimentary one time sign up to VAT IT, inputted expense and invoice data will be assessed and processed by the tax specialists to initiate the VAT reclamation, which saves money, reduces workload and improves the overall ownership experience. For those requiring Mineral Oil Tax reclamation, the VAT IT module also supports the highly complicated reclamation process.
“This arrangement showcases the benefits of our open architecture platform, which allows integration of third party suppliers to deliver tangible added value to the user experience,” says Satcom Direct president business aviation Chris Moore. “We support an established, international, customer base that uses SD Pro to manage all aspects of flight operations, MySky has the technology to streamline financial management for operators and flight departments, and VAT IT has the expertise to facilitate valuable VAT reclamation for its clients. With this alliance we are truly optimising the power of integration to better serve our customers.”
The agreement enables an unprecedented means of improving tax recovery, an often cumbersome, ignored and time-consuming task. “The addition of VAT IT to the combined benefits of SD Pro and MySky heightens fiscal control and efficiencies, giving flight departments and operators significantly bolstered financial and taxation support. By simplifying tax recovery, we are delivering a winning formula for all stakeholders involved with managing the aircraft budgets; even corporate financial departments will welcome the VAT recovery option,” adds VAT IT USA managing director Carl de Lange.
The MySky module in SD Pro provides access to financial data and proprietary IT tools that help owners and operators reduce costs, refine spending and improve the overall aircraft ownership experience. The new alliance strengthens the offering by augmenting financial management.
“MySky strongly believes in the importance of increasing efficiency for business aviation owners and operators," says MySky managing director Americas Jean De Looz. "We are delighted that the alliance with SD and VAT IT significantly simplifies processes and saves time for users. This is another step forward to making operations smoother and more transparent within our sector.”
The first phase of the integration is taking place now, allowing SD and MySky users to sign up for the gratis VAT IT service, with the full tax reclamation service slated to be made available through SD Pro and MySky in Q2 2022.