Satcom Direct (SD), the business aviation solutions provider, and MySky, the AI-powered spend management platform, today announced the signing of an agreement with tax reclamation experts, VAT IT USA.
The three-way strategic integration enables the companies to combine their expertise to deliver streamlined VAT and tax reclamation to mutual customers by leveraging each partner’s technology.
The aggregation of the VAT IT tax recovery option with the MySky financial module, within the digital flight operations platform SD Pro®, acts as a force multiplier for flight departments, operators, and owners.
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 which saves money, reduces workload, and improves the overall ownership experience.
For those requiring Mineral Oil Tax reclamation, the VAT IT module also supports the highly complicated reclamation process to further enhance the offering.
“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,” says Chris Moore, president business aviation, Satcom Direct.
“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 optimizing the power of integration to better serve our customers.”
The new agreement enables an unprecedented means of improving tax recovery, an often cumbersome, and ignored, time-consuming task.
“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,” says 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 unrivaled access to financial data and proprietary IT tools that help owners and operators reduce costs, refine spending, and improve the overall aircraft ownership experience.
The new alliance strengthens the offering by augmenting financial management,
“MySky strongly believes in the importance of increasing efficiency for business aviation owners and operators,” adds 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”.
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 Q2 2022.