Blue dot, a leader in tax compliance, remittance, and automation through artificial intelligence (AI), 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 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.
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“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.
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“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.”
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