OneTree announces the availability of OT ReVAT, a pan-European VAT refund platform, over the IBM SmartCloud

OneTree Solutions deploys OT ReVAT on the IBM SmartCloud Enterprise to provide unprecedented security, reliability and scalability for VAT refund service providers (8th directive). End Quote

(1888PressRelease) August 10, 2011 - Luxembourg - OneTree Solutions, an IBM Business Partner harnessing IBM's leading cloud and middleware infrastructure, has announced the availability of OT ReVAT Foundation, a VAT refund processing IT platform, over the IBM SmartCloud.

OT ReVAT Foundation is a high-throughput, production-optimized, enterprise-class platform for VAT refund processing in full compliance with the 8th directive (2008/9/EC). It is targeted at VAT refund representatives, accounting and tax advisory companies of any size, acting on behalf of their own customers. It accepts and efficiently handles high numbers of invoices with minimal resources and prepares VAT refund applications for submission/uploading to Member States of Establishment. OT ReVAT can provide an impressive productivity boost and ultimately enable representatives using it to become more competitive and increase their market share.

"The VAT refund market is consolidating rapidly. OT ReVAT is constantly updated to match the specificities of the 27 European Member States. OT ReVAT relieves representatives from the cost and effort of developing and maintaining their own software applications and allows them to concentrate on their core business, which is to provide the highest possible quality of service to their end-customers," commented Denis Avrilionis, Managing Director at OneTree Solutions. "By hosting OT ReVAT on the IBM SmartCloud Enterprise, OneTree can empower the VAT refund business of its customers with unmatched security, reliability, scalability and even more so at a cost which is unbeatable."

"The IBM SmartCloud Enterprise has been a strategic choice for OneTree. OT ReVAT on the IBM SmartCloud Enterprise provides instant time-to-value without any upfront investment by VAT refund representatives, accounting and tax advisory companies throughout Europe. They will immediately benefit from a powerful platform, which can streamline their VAT refund processes and maximize the VAT refunded by the European Union Member States to beneficiaries," commented Panos Konstantinidis, Business Strategy Director at OneTree Solutions.

"OT ReVAT is a high added value business solution of pan-European scope, powered by IBM components and hosted on IBM SmartCloud. We have been impressed by the great initiative of OneTree Solutions to enter new markets by applying innovative solutions like IBM SmartCloud to develop a SaaS business model providing significant added value to their customers," said Curtis Clark, Global Government Director at IBM.

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