The Worlds Largest Airlines and Transportation Companies Rely on JPD
The sheer number of people involved in the approval of invoices and their locations are a particular problem for aviation and transportation businesses. The range of currencies and tax jurisdictions is a real challenge and this is compounded by staff turnover and experience levels.
Under Recovery of VAT
With so many countries involved the terminology on the invoice is not always clear and sometimes it is not obvious that it there is VAT. Air parking charges, advertising banners, coach hire, disruption charges and compensation are examples of missed recoveries. Goods bought for in-flight sales are also a common area for mistakes along with crew accommodation.
Recover Duplicate Payments Rapidly
In our experience we find keying errors are the biggest cause of these issues but this is not unique to transportation. Mergers & Acquisitions and related systems changes drive up duplicates. With multi-currency vendors the risk is that our clients will pay twice but in different currencies. Even with the same currency and many hubs the risk is high.