Way2Vat Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS TOP 500 Market Report

Way2Vat Strengths, Domain Expertise, and Key Differentiators

Way2VAT sets itself apart in the market with its deep industry expertise, diverse product suite, and cutting-edge AI/ML-driven capabilities. By offering a fully automated, end-to-end VAT/GST reclaim solution, the company transforms the traditionally complex process of tax recovery into a seamless, data-driven experience. Its patented AI technology, with a remarkable 97% success rate, ensures maximum reclaim efficiency while minimizing manual effort. This innovation-driven approach not only enhances compliance but also empowers businesses to optimize financial operations and maximize tax refunds with ease.

Way2Vat Recent Developments

In February 2025, Way2VAT implemented a customized VAT recovery solution for Solenis, enhancing financial efficiency and compliance through advanced automation. The solution integrated seamlessly with Solenis' financial systems, automating VAT reclaim processes across multiple jurisdictions. By leveraging AI-driven data analytics, it identified reclaimable expenses, minimized human errors, and ensured compliance with complex international tax regulations. Automated submission workflows streamlined the process, reducing manual effort and accelerating refunds. Additionally, real-time reporting and financial insights enabled Solenis to optimize its tax recovery strategy, improving cash flow and cost efficiency. This data-driven approach positioned Solenis to maximize VAT returns while maintaining full regulatory compliance.

In February 2025, Way2VAT partnered with Amdocs to launch a fully automated VAT recovery solution, optimizing financial operations and maximizing compliance across multiple jurisdictions. Through custom SAP ERP integration, the system seamlessly processed 70,000 digital files quarterly, eliminating manual intervention. Automated VAT submission ensured compliance with tax laws in over 15 countries, including the UK, Germany, Italy, and Australia, while AI-driven fraud detection flagged duplicates, discrepancies, and human errors. Supplier recommendations further enhanced reclaim opportunities, reducing business travel expenses. This data-driven automation led to $1.5M in foreign VAT recovery, streamlined operations, and improved financial oversight via real-time tracking and analytics. By leveraging advanced tax automation, Way2VAT empowered Amdocs to enhance efficiency, reduce compliance risks, and maximize financial returns.

In February 2024, Way2VAT introduced AI-AP Compliance, an AI-powered accounts payable (AP) auditing solution designed to enhance VAT and GST claim accuracy while driving compliance efficiency for multinational businesses. This data-driven innovation leverages automated document-first technology to analyze invoices up to four years old, detecting errors, unclaimed refunds, and compliance risks across 80 countries. Unlike traditional, manual spot-checking methods, AI-AP Compliance accelerates auditing from months to days, reducing operational risks and optimizing tax recovery. By offering a scalable, jurisdiction-agnostic solution, Way2VAT expands its revenue streams through a fixed-per-invoice pricing model and a 20% share of unclaimed tax refunds, reinforcing its position as a leader in AI-driven tax automation for enterprises managing complex, multi-jurisdictional financial operations.

In May 2023, Way2Vat launched Connect, an advanced data-driven analytics system designed to detect tax evasion and avoidance through AI-powered pattern recognition. By integrating diverse data sources—including financial transactions, social media activity, and travel records—Connect applies sophisticated algorithms to identify suspicious tax-related behaviors. This innovative solution enhances compliance enforcement, streamlining investigations and enabling authorities to conduct targeted audits more efficiently. While Connect strengthens tax oversight and revenue recovery, challenges such as data accuracy, privacy concerns, and operational costs remain key factors in its long-term effectiveness.

Way2Vat Mergers and Acquisitions (M&A) Activities

In September 2022, Way2VAT strengthened its position in the VAT recovery market by acquiring DevoluIVA, a leading Spanish company specializing in corporate expense management and automated domestic VAT recovery. This strategic acquisition expanded Way2VAT’s footprint across Spain, leveraging DevoluIVA’s extensive network of over 130,000 merchants to enhance automated VAT and accounts payable services. The move also enabled the national rollout of the world’s first Smart Spend Debit Mastercard, offering businesses seamless VAT compliance and expense tracking. Additionally, the combined expertise of both companies positioned Way2VAT for further expansion into Latin America, targeting markets with similar VAT structures and driving innovation in automated tax solutions.

Way2Vat Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Way2Vat applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Way2Vat and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Way2Vat VAT Platform customers.

Way2Vat Key Enterprise and Cloud Applications

Way2Vat VAT Platform

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Way2Vat Direct vs Indirect sales

Way2Vat Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Way2Vat Customers

No. of Way2Vat Customers: 350

No. of Way2Vat Enterprise Applications Customers: 350

No. of Way2Vat Cloud Customers: 350

No. of Way2Vat Cloud Subscribers: x

Way2VAT has expanded its customer base to 350 businesses, showcasing strong market adoption and the increasing demand for its AI-driven VAT/GST recovery solutions. Originally rooted in Israel, the company has strategically grown its global footprint, securing key partnerships with leading technology firms like Xero and Sage in the UK. These alliances have accelerated international accessibility to its platform, reinforcing its competitive edge. With a diverse regional customer distribution, Way2VAT continues to demonstrate its ability to scale across multiple markets, delivering seamless, automated VAT compliance and reclaim solutions that optimize financial operations for enterprises worldwide.

Way2Vat Market Opportunities, M&A and Geo Expansions

Way2VAT sets itself apart in the market with its deep industry expertise, diverse product suite, and cutting-edge AI/ML-driven capabilities. By offering a fully automated, end-to-end VAT/GST reclaim solution, the company transforms the traditionally complex process of tax recovery into a seamless, data-driven experience. Its patented AI technology, with a remarkable 97% success rate, ensures maximum reclaim efficiency while minimizing manual effort. This innovation-driven approach not only enhances compliance but also empowers businesses to optimize financial operations and maximize tax refunds with ease.

Way2Vat Risks and Challenges

In an evolving market, Way2VAT encounters both internal and external challenges that could impact its growth strategy and market positioning. Internally, the company must scale operations efficiently to keep pace with increasing demand while continuously enhancing its AI-driven VAT/GST reclaim technology. Externally, regulatory shifts, competitive pressures, and economic fluctuations pose potential risks to expansion and revenue streams. Additionally, market entry complexities in new regions demand a strategic go-to-market approach, ensuring compliance, adoption, and seamless integration within diverse financial ecosystems. Successfully navigating these factors will be key to sustaining Way2VAT’s competitive edge and market leadership.

Way2Vat Ecosystem, Partners, Resellers and SI

Way2VAT has enhanced its platform by seamlessly integrating with leading expense management systems and accounting software providers, including Xero, ADJ Business Solutions, Nordens, and Raedan. This strategic integration optimizes the VAT reclaim process, enabling businesses to automate tax recovery with greater efficiency, accuracy, and compliance. By embedding its solution within established financial ecosystems, Way2VAT strengthens its market positioning, offering a frictionless experience that enhances operational workflows for its customers.

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: