Satcom Direct (SD) and AI-powered spend management platform MySky have signed an agreement with tax reclamation specialist VAT IT USA. The companies aim to deliver streamlined VAT and tax reclamation to mutual customers, by leveraging each partner’s technology.
The first phase of the integration will begin immediately, allowing SD and MySky users to sign up for the gratis VAT IT service, with the full tax reclamation service slated to be made available through SD Pro and MySky in the second quarter of 2022.
The VAT IT tax recovery option is aggregated with the MySky financial module, within the digital flight operations platform SD Pro. After a complimentary one-time sign-up to VAT IT, inputted expense and invoice data will be assessed and processed by the tax specialists to initiate the VAT reclamation. The VAT IT module also supports the Mineral Oil Tax reclamation process.
“This arrangement showcases the benefits of our open architecture platform, which allows integration of third-party suppliers to deliver tangible added value to the user experience,” said Chris Moore, president, business aviation, SD. “We support an established, international, customer base that uses SD Pro to manage all aspects of flight operations, MySky has the technology to streamline financial management for operators and flight departments, and VAT IT has the expertise to facilitate valuable VAT reclamation for its clients. With this alliance we are truly optimising the power of integration to better serve our customers.”
“The addition of VAT IT to the combined benefits of SD Pro and MySky heightens fiscal control and efficiencies, giving flight departments and operators significantly bolstered financial and taxation support,” said Carl de Lange, managing director of VAT IT USA. “By simplifying tax recovery, we are delivering a winning formula for all stakeholders involved with managing the aircraft budgets; even corporate financial departments will welcome the VAT recovery option.”
The MySky module in SD Pro provides access to financial data and proprietary IT tools designed to help owners and operators reduce costs, refine spending, and improve the overall aircraft ownership experience. The new alliance is intended to strengthen the offering by augmenting financial management.
“MySky strongly believes in the importance of increasing efficiency for business aviation owners and operators,” said Jean De Looz, MySky managing director Americas. “We are delighted that the alliance with SD and VAT IT significantly simplifies processes and saves time for users. This is another step forward to making operations smoother and more transparent within our sector.”