EAS is the essential internationalisation tool: VAT compliance automation in EU and UK for cross-border eCommerce. We handle all of the VAT schemes with our no-code plugins for platforms.
Current Status
Market entry late April, end of October 200+ customers with 3-10 onboarded daily.
Problem or Opportunity
Compliance issues are the main reason why companies are not internationalising. The cost of VAT compliance for SMEs was found to be 2,6% of revenue (source: EU Commission). 500 online stores out of 940.000 are responsible for 61% of cross-border sales in EU. Sales between EU and UK have come to a grinding halt. Tax consultancy is expensive, unpleasant and is not yet getting anything done.
We make selling cross-border as easy as selling domestic while removing manual processes from accounting.
Solution (product or service)
First in the world we have input the full relevant EU and UK VAT regulation to a backend. It is comprehensive and handles all VAT schemes from start. It is fully scalable for any kinds of business models regardless of location of company or goods.
The backend is accessed via plugins we have created for Shopify, Woo and Magento where we handle real-time data. We also support many other platforms and the most popular marketplaces for multichannel sales compliance. The no-code approach is a serious advantage over merchants having to hire a tech team to integrate manually.
Business model
Transaction based pricing model with no periodical or starting fees. We only charge for cross-border sales our flat fee depending on the VAT scheme.