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A legaltech that allows companies to digitize their tickets

IVACK allows self-employed persons and companies to recover VAT from their expenses, digitize their tickets and improve their management without having to take on any investment or increase their costs.

The company has had a very good entry into the market and since its launch it has achieved a high performance, preventing high figures from closing 2021, in the recovery of VAT for its customers.

Carlos Peyra, CEO of IVACK explains: “In IVACK, what we are trying to do is to get our customers to include our services as one of their businesses, as if we were part of it. It is essential that they do not have a vision of us as mere suppliers, as our main interest is that our customers always earn as much as possible.”

Nowadays, many companies do not know how to recover VAT from their workers’ expenses on travel, food, hotels, taxis, car parks, petrol stations, etc. Spanish and European companies, over the year, lose billions of euros in VAT from corporate expenses and allowances.

According to Carlos Peyra: “The law allows companies to recover VAT from their tickets over the last four years, so with our services they could recover large amounts of money they already paid for.”

One of the reasons why companies have difficulty in recovering VAT from their expenditure is the need to invest a great deal of time and resources. “IVACK is constantly in contact with thousands of suppliers, and we have the technology infrastructure and the necessary licenses to manage thousands of tickets daily and comply with the regulations of the Tax Agency, thereby achieving success assured our customers. Our services will make it easier for companies and managers to control and manage their or their customers’ data and costs.” It explains its CEO.