Way2VAT Limited has secured a major deal from the Italian fashion retailer Max Mara for the use of its automated accounts payable, corporate and travel expenses, and VAT claim and recovery solutions.
Way2VAT Ltd is a global fintech leader in automated VAT/GST claim and return solutions in over in 40 countries and in over 20 languages, serving hundreds of enterprise businesses worldwide. It will derive its revenue through an initial one-year contract with the wholesale division of Max Mara that coordinates global stock levels and buying.
Way2VAT CEO and founder Amos Simantov said: “Initially, we will roll out our solution to Max Mara’s wholesale division in its key northern Asia markets of China, Hong Kong, Japan, and South Korea. We will then expand into their distribution hub offices for Europe and the Middle East.”
Max Mara is a major global fashion retailer that specializes in executive and modern ready-to-wear women’s clothing. Headquartered in Reggio Emilia, Italy, Max Mara has a presence in 105 countries with more than 2,500 single-brand stores and 10,000 multi-brand stores. Max Mara will use Way2VAT’s platform to provide a frictionless solution that maximizes operational efficiency for staff that are regularly traveling across many jurisdictions. It will also provide a clear dashboard capability for easier central reporting.
