Blue dot, a tax platform for employee-driven spend for Taxable Employee Benefits analysis and VAT recovery, announced a strategic alliance with KPMG Germany.
Through this alliance, KPMG Germany “can now offer the Blue dot Taxable Employee Benefits (TEB) solution directly to their clients, with KPMG supporting the clients on its implementation, configuration options of submitted transactions by employees for reimbursement for VAT and Employment Tax purposes and where necessary provide professional support as a managed services to comply documentation and effective control mechanisms.”
KPMG claims it is “one of the leading advisory firms in Germany providing audit, tax, consulting, and deal advisory services to its clients.”
As data volumes continue to increase and businesses keep expanding locally and globally, also employees incur “a wider variety of expenses.” KPMG sees “an increasing need for tax technology, from finance, tax and payroll departments in order to keep control over this data.”
This strategic alliance will “allow KPMG Germany to have their clients enjoy the capabilities and features the global Blue dot platform offers.” At the same time, KPMG Germany can support its clients “on the ongoing operation and keeping the solution up-to-date with the latest legal changes.”
The Blue dot tax products suite is “unique for its ability to process and read receipt images in combination with other records retrieved from other source systems.”
Having being developing country specific data processing capabilities and data models for almost 10 years, in the specific domain of the employee-driven spend, allows Blue dot to provide a unique solution “to ensure effortless tax compliance and automation for Taxable Employee Benefits (TEB) for Germany and beyond.”
Remco Dewaerheijt, VP Tax Product Strategy & Content at Blue dot, said:
“We are excited to further expand our footprint side-by-side with one of the most recognized tax advisory firms, in a market so well known for its commitment to corporate tax compliance. We have been working already with the KPMG Germany Employment Tax team on different projects and this alliance is a formal confirmation and mutual appreciation of this close collaboration and trust in this joined offering.”
Marco Strootmann, partner Employment Tax Services at KPMG Germany, remarked:
“We are pleased to announce this alliance with Blue dot and look forward to combining our professional and technical know-how in a market that is both from a client’5s side and authorities’ side becoming more and more technology driven. It also allows us to not only advise our clients on this change in approach towards compliance, but also actually helping them to implement and run tech solutions to meet their compliance obligations.”
Blue dot has “a broad suite of direct native integrations with multiple expense management platforms, such as SAP Concur, Coupa, MXP Rydoo, Yokoy and many other leading expense platforms , which simplifies connecting to different data sources.”
Additionally, clients can “benefit from KPMG Germany’s specific local legal expertise and industry knowledge when implementing and running the Blue dot solution.”