Blue dot Certified as Coupa Business Spend Management Platform Ready
10 May 2022 - 9:00PM
Blue dot, a leader in tax compliance, remittance,
and automation through artificial intelligence (AI), today
announced it will offer its seamless data integrity, value added
tax (VAT) and fringe benefit solutions in the Coupa App
Marketplace, connecting businesses with certified, pre-built
solutions. Coupa Software (NASDAQ: COUP) certified Blue dot for use
within the Coupa Business Spend Management (BSM) platform, a
cloud-based platform that empowers companies around the world with
the visibility and control they need to make smarter spending
decisions.
Blue dot’s platform will be woven into the Coupa BSM platform
and will be initially integrated into the Coupa Expense platform,
automating tax reporting on two business-critical areas —
fringe benefit tax reporting and VAT recovery and compliance.
Businesses have had a difficult time maintaining tax compliance
while managing employee expenditure rules in recent years due to a
fundamental shift toward a distributed workforce. Coupa Expense
clients will now have access to seamless data integrity, VAT
recovery, and fringe benefit tax reporting thanks to a new
relationship with Blue dot.
“We are pleased to welcome Blue dot as the latest addition to
Coupa’s global business spend management community,” said Nigel
Pegg, vice president and general manager of Coupa App Marketplace
and CoupaLink. “Especially with the policy changes over the last
year for VAT reporting and employee fringe benefit reporting, the
Blue dot platform’s emphasis on automation is an appealing addition
that will be of great value to our users.”
As a certified CoupaLink solution, the Blue dot VAT Recovery
& Fringe Benefit Reporting solution meets the requirements
established by Coupa through its CoupaLink Partner Program and is
available in the Coupa App Marketplace. The CoupaLink Partner
Program enables software partners to build complementary solutions
that easily connect into the Coupa platform. Customers benefit by
discovering and connecting solutions to optimize their business
spend and reducing business risk while reducing the cost of
third-party software integration.
"With Blue dot’s new integration into Coupa’s new Travel and
Expense solution, the company is showing that they understand the
needs of the B2B consumers and are telegraphing the future trends
in the expense software market," said Kevin Permenter,
research director, Financial Applications, at IDC. "By applying
Blue dot’s technology across Coupa’s T&E platform, Blue dot
will be well-positioned to identify new ways for organizations to
simultaneously maximize VAT recovery while also reducing the risk
surrounding fringe benefit management and reporting on employee
spend."
“With a platform that offers compliance reporting in both VAT
and fringe benefit, Blue dot is positioned to address the new
working norm in the post-COVID world. Blue dot has a laser focus on
automating fringe benefit reporting and VAT recovery that is
well-suited to a swiftly changing tax landscape,” said Isaac Saft,
founder and CEO of Blue dot. “We are proud to be part of the Coupa
App Marketplace and a trusted CoupaLink technology partner. We look
forward to our relationship with Coupa to further help customers
transform their VAT recovery and fringe benefit tax reporting.”
For more information on Blue dot and how it can help you process
Fringe Benefits to be reported and eligible VAT to be recovered
visit the Coupa App Marketplace at marketplace.coupa.com.
Coupa, Coupa Business Spend Management (BSM),
CoupaLink, and all Coupa logos are trademarks or registered
trademarks of Coupa Software, Inc. All rights reserved.
About Blue
dotFounded in 2013, Blue dot is a market pioneer in the
tax tech arena, having developed the first technology-based and
dynamically updated financial platform for employee-driven
transactions in the market. The Blue dot tax compliance platform
harnesses digitization, tax compliance and automation to process
and analyze a company's employee spend data for value-added tax and
taxable employee benefits in real time. As a privately held
company, Blue dot's technological breakthrough has raised more than
$100M in private equity funding and attracted a large portfolio of
Fortune 500 clients. Blue dot is fully dedicated to providing its
clients with value, not only in terms of process savings and ROI,
but especially in the peace of mind that comes from full
compliance. For more information
visit www.bluedotcorp.com.
Blue dot Media
Contact:Mitchell Schneider, Director of Global
MarketingMitchell.Schneider@bluedotcorp.com
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