Case Study: TEVA Pharmaceutical Industries Ltd. achieves centralized, automated T&E and maximized VAT recovery with Blue dot

Teva Centralizes and Automates T&E and Other VAT Recovery

TEVA, a global pharmaceutical leader with 43,000 employees operating in 60 countries, faced decentralized VAT processes, unqualified and scattered invoice data, and growing compliance risk from missing or duplicated T&E invoices. To tackle this, TEVA engaged Blue dot and implemented Blue dot’s cloud-based automated VAT recovery solution integrated with its expense reporting systems.

Blue dot’s platform automatically identified missing evidence, contacted suppliers, prompted reissued invoices when needed, and matched correct invoices to expense lines and TEVA’s reports. The rollout centralized and automated T&E and other VAT recovery, minimized the time needed to maximize VAT recovery, and significantly reduced compliance and governance risk across TEVA’s multinational operations.

TEVA

Ravid Barzilay

Senior Director Global Tax