PROVIDING FINANCIAL AND OPERATIONAL ADVANTAGES FOR TRANSPORTATION COMPANIES

Partnership between VAT Polska and Invoitix to provide financial and operational advantages for transport companies

New offer for carriers

In the context of a rapidly changing transportation market and increasing competition, a key element in the success of any transportation company is not only to maintain liquidity, but also to optimize costs and operational efficiency.

For all these aspects, the offer provided by the two leaders in road transport services can help: VAT Polska and Invoitix, which together offer carriers an effective way to overcome the challenges they face.

VAT Polska is the Polish branch of the European group Negometal created in 1984 and a leading provider specializing in tax recovery and payment solutions for the transport sector supporting carriers in:

• Toll payment processing facilities, covering 16 networks in one device,
• Recovery of VAT (30 European countries) and excise duties paid (in 7 European countries),
• An innovative payment card solution combining the advantages of a bank card and a fuel card.

Invoitix is a Swiss factoring company that works exclusively with companies in the transportation sector. Invoitix operates in 30 European countries, has a branch in Warsaw and provides carriers with:

• Fast payment of transport invoices (processing payment up to 4h), without having to wait for traditional payment terms from their contractors,
• An online application to work on scans of transport documents,
• Online access – 24/7 online and free of charge – to a database of more than 26,000 contractors rated by Invoitix. if the client is looking for an entity that is not in the database, it can be added, free of charge and to be rated by Invoitix.

Cooperation with Invoitix is based on predictability, often lacking in transportation sector. This is primarily transparent terms of cooperation manifested in the absence of monthly, hidden and subscription fees. The carrier always knows in advance when and what commission will be charged.

Thanks to Invoitix, the transport company not only receives funds for its transport invoices quickly, but also, thanks to its insight into the contractor database, will reduce the risk of non-payment of invoices by the principals of its transports.

Finally, this cooperation with Polish transport companies is based on direct contact with Invoitix office staff in Poland.

Benefits of the combined offer of VAT Polska and invoitix

With the offer from both companies, carriers can obtain a convenient and attractive way to finance their business expenses and enjoy products that provide a range of additional benefits, while having the risks of transport principals under control and having access to a source of liquidity provided by Invoitix. How it works?

Road tolls

Domestic and international freight is permanently linked to the need to make payments for the road infrastructure used. The passage of roads, bridges and tunnels is an important component of any carrier’s costs. Ensuring that roads can be used requires the availability of funds to make timely payments, but it is no less important to choose a partner that provides the best solutions for seamless road use. The joint offer of Invoitix and VAT Polska fits perfectly into these requirements.

Financial resources quickly and efficiently provided to the carrier by Invoitix can be used to pay for the NEGOROAD OBU device, which allows toll payments:

• Throughout Europe in most cases using only one device in the unique NEGOROAD system,
• Tailored to the fleet of light or heavy vehicles used by the carrier,
• The ability to choose both deferred and prepayment-based payments, also available to companies without a positive financial history and without the need to establish financial guarantees
• And at the same time benefit from advanced and real-time features that allow you to manage your fleet and tolls (also on your smartphone).

With the liquidity provided by Invoitix, the carrier does not have to worry about a lack of cash for tolls, and is assured that the fleet will be able to afford regular toll payments, which in the long run increases operational efficiency.

By choosing OBU NEGOROAD:

• The carrier will be assured of receiving correct toll invoices, allowing him to recover VAT on them. In some countries (e.g. Italy or Spain), this is necessary because receipts are not accepted in VAT claims,
• the carrier receives discounts for trips on selected highway networks of up to 13% of the expenses incurred, and the online application and downloadable sheets generated in the app allow for a quick check of trip expenses for a given period, country and vehicle.

The liquidity provided by Invoitix is even more important for entities using the aforementioned solutions in prepaid mode, where the need to provide funds to cover upfront operating costs arises.

VAT and excise taxes to be recovered create liquidity gap

Having to wait for refunds of VAT and excise taxes that transport companies pay in connection with their operations often leads to a liquidity gap. The time spent waiting for these funds to be refunded can put a significant burden on a company’s budget, making it difficult to finance ongoing operations.

In such situations, the solution offered by Invoitix, which allows transport companies to sell their transport invoices, becomes helpful. This allows carriers to immediately raise funds that enable them to close the financial gap and continue operations while they wait for tax refunds, which will be handled by VAT Polska, which processes VAT refund requests in 27 EU countries as well as Switzerland, the UK and Norway.

VAT Polska offers its customers the opportunity to recover taxes in a prepayment mode, where they do not have to wait for a refund from the country’s fiscal administration, which can take up to almost a year. Using monthly billing, the carrier receives money quickly and efficiently from invoices from different issuers.

The flexible combination of an additional source of liquidity from Invoitix and the recovery of paid taxes through cooperation with VAT Polska will ensure financial stability making the carrier’s operations independent of financial operations.

C2A card

Funds provided to the account as a result of the sale of transport invoices to Invoitix can be used with C2A cards offered by VAT Polska. C2A cards are a unique combination of a fuel and bank card and allow their users to cover all types of business expenses and streamline the carrier’s daily financial operations.

The funds available on C2A cards are managed online through an intuitive portal where the carrier:

• has immediate access to information on card usage;
• has the ability to immediately transfer funds between the main account and the selected card, as their user’s spending needs arise;
• has access to an extensive network of partner stations offering fuel at attractive prices and with the correct summary invoice.

The funds are quickly transferred by Invoitix and can then be immediately made available to C2A card users. With the freedom to use the funds at any time, the carrier can focus on growing the business and optimizing operational processes, minimizing liquidity risks.

C2A cards allow you to control your spending, which gives you additional peace of mind and confidence that your funds are being used as planned.

Synergy of benefits

The offer of Invoitix and VAT Polska promotes the long-term development of the carrier, providing stable liquidity, also thanks to Invoitix taking over part of the risk of receiving payment from the counterparty, which altogether allows you to focus on conducting operations, planning investments, or expanding to other markets.

The synergy of solutions provided by both entities provides carriers with convenient and secure expense management, which further increases the efficiency of business management and is the key to effective operations.

To learn more about the offer and VAT Polska contact: