Summary
- Profile Type
- Business Offer
- POD Reference
- BOIE20250520010
- Term of Validity
- 21 May 2025 - 21 May 2026
- Company's Country
- Ireland
- Type of partnership
- Commercial agreement
- Targeted Countries
- Croatia
- Germany
- Latvia
- Estonia
- Cyprus
- Italy
- Greece
- Belgium
- Denmark
- Finland
- Bulgaria
- Czechia
- Hungary
- Austria
- France
- Slovakia
- Sweden
- Lithuania
- Netherlands
- Malta
- Poland
- Portugal
- Slovenia
- Luxembourg
- Spain
- Romania
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General information
- Short Summary
- This Irish tech company is a forward-thinking business that specializes in innovative AI solutions, particularly focused on automating VAT reconciliation processes. By leveraging advanced technology, it streamlines financial tasks, making compliance easier and more efficient for companies.
- Full Description
- The company has pioneered a cutting-edge AI technology designed to transform VAT reconciliation by cutting down the process from time-consuming hours to mere seconds. This advanced solution allows users to effortlessly reconcile VAT returns in an instant, streamlining financial workflows with remarkable efficiency. Customers can easily set up the system on a dedicated web server, featuring intuitive tabs that categorize and manage sales and purchases effectively. With the capability to reconcile an impressive 200 invoices in less than 10 seconds, this technology not only significantly boosts accuracy but also enhances overall productivity, empowering businesses to focus on their core operations without being bogged down by lengthy administrative tasks.
- Advantages and Innovations
-
The unique selling proposition (USP) of this technology lies in its ability to significantly reduce the time required for the bi-monthly VAT exercise. The technology has been rigorously validated and verified using approximately 200 invoices, achieving a reconciliation time of under 10 seconds. In contrast, traditional manual VAT reconciliation typically demands around 3 hours of work. Additionally, the system is designed with user-friendliness in mind, enhancing its appeal for businesses.
The advantages of this solution include automation, real-time insights, and the potential for seamless integration with other systems, all of which are vital for ensuring compliance through accurate reconciliation. Currently, there is no direct competition in the market for this innovative technology.
Notable achievements include the reliable operation of the system, demonstrating its capability to execute VAT reconciliation tasks in mere seconds. - Sustainable Development Goals
- Goal 9: Industry, Innovation and Infrastructure
Partner Sought
- Expected Role of a Partner
-
Ideal partner is currently working in the financial sector and has a proven track record of selling to the finance departments of businesses. They must be willing to demonstrate the technology to potential buyers and have a strong history of selling finance packages to businesses.
Additionally, the partner should be able to quickly recognize the value of the unique selling proposition (USP) and the competitive advantages of VAT reconciliation. They should be committed to adopting the technology. - Type and Size of Partner
- SME 50 - 249
- Big company
- Type of partnership
- Commercial agreement
Dissemination
- Technology keywords
- 01003003 - Artificial Intelligence (AI)
- 01003008 - Data Processing / Data Interchange, Middleware
- 01003013 - Information Technology/Informatics
- Market keywords
- 02007003 - Operating systems and utilities
- 02007017 - Expert systems
- 02007027 - Other software services
- 02007008 - Business and office software
- 02007001 - Systems software
- Targeted countries
- Croatia
- Germany
- Latvia
- Estonia
- Cyprus
- Italy
- Greece
- Belgium
- Denmark
- Finland
- Bulgaria
- Czechia
- Hungary
- Austria
- France
- Slovakia
- Sweden
- Lithuania
- Netherlands
- Malta
- Poland
- Portugal
- Slovenia
- Luxembourg
- Spain
- Romania