Way2VAT Lands Major Global Contract with JLL for AI-Powered VAT Recovery
Way2VAT has secured a significant three-year contract with global real estate giant JLL, deploying its AI-driven VAT recovery and compliance platform across 25 entities worldwide. This deal positions Way2VAT as a key player in automated VAT solutions for multinational corporations.
- Three-year contract with JLL covering 25 global entities
- Deployment of Way2VAT’s AI-powered APAI Compliance platform
- Focus on VAT recovery for local and foreign travel, entertainment, and accounts payable invoices
- Expected to generate significant transaction-based revenue
- Contract primarily covers JLL’s EMEA operations with annual review clauses
A Strategic Win for Way2VAT
Way2VAT Ltd (ASX:W2V), a leader in automated VAT claim and return solutions, has announced a landmark contract with Jones Lang LaSalle Limited (JLL), a global real estate services powerhouse. The agreement spans approximately 25 JLL entities worldwide, predominantly within the EMEA region, and will run for three years with annual review and termination options.
This contract marks a significant milestone for Way2VAT, as it integrates its patented AI-driven APAI Compliance platform alongside its established VAT reclaim services. The APAI platform offers advanced invoice validation and compliance auditing, capable of processing invoices across 40 countries and 20 languages, a feature that clearly differentiates Way2VAT in the competitive fintech landscape.
Innovating VAT Recovery with AI
JLL’s adoption of Way2VAT’s technology reflects a growing trend among multinational corporations to leverage artificial intelligence for financial compliance and efficiency. The APAI Compliance platform validates invoices before they are booked into enterprise resource planning (ERP) systems, identifying reclaimable VAT, non-compliant, and at-risk invoices with full audit traceability. This proactive approach helps mitigate compliance risks and enhances the accuracy of VAT recovery.
Way2VAT’s CEO, Amos Simantov, emphasized the strategic importance of this deal, highlighting how the APAI platform responds directly to CFO demands for smarter, more reliable VAT management tools. The contract’s scope includes VAT recovery on both local and foreign travel and entertainment expenses, as well as accounts payable invoices, positioning Way2VAT as a critical partner in JLL’s global financial operations.
Revenue Potential and Market Implications
While the contract’s revenue is transaction volume-based and thus difficult to forecast precisely, Way2VAT anticipates that JLL will become one of its most significant clients in terms of annual revenue. Given JLL’s scale, with over 300 offices in more than 80 countries and annual revenues exceeding US$20 billion, the partnership offers substantial growth potential.
Importantly, the contract contains no material conditions delaying its commencement, allowing Way2VAT to begin delivering services immediately. This swift activation underscores the readiness of Way2VAT’s platform and the confidence JLL places in its capabilities.
Overall, this deal not only validates Way2VAT’s technological edge but also signals increasing demand for AI-driven compliance solutions in the global VAT recovery market.
Bottom Line?
Way2VAT’s partnership with JLL could redefine VAT recovery standards for multinational enterprises, setting the stage for accelerated growth and innovation.
Questions in the middle?
- How quickly will JLL scale usage of the APAI platform beyond the initial 25 entities?
- What impact will this contract have on Way2VAT’s overall revenue and profitability in the coming quarters?
- Could this deal open doors for Way2VAT to penetrate other sectors beyond real estate?
