VATBox Continues to Revolutionize VAT Recovery and Compliance by Launching Version 6 of Its AI Platform

Powerful AI & Machine Learning Capabilities have enabled VATBox to
achieve this Success

San Diego, California (ots/PRNewswire) - VATBox, the Pinoeer and
leader in automated VAT compliance and VAT recovery, announced today
the release of the 6th generation of its AI platform, which has
reached a new level of success with VAT analysis on invoices thanks
to its continued technological growth and focus on artificial
intelligence.

David Guedalia, VATBox's new Chief Technology Officer, has taken a
leading role as the company continues to innovate in the VAT recovery
and compliance space, supporting the continued development of the
company's AI capabilities. He says, "VATBox's latest release
integrates both expert system rule-based processes with
statistical-based processes, increasing our capacity and enabling our
speed and efficiency to offer near real-time results."

According to Moshe Koppel, AI Professor at the Department of
Computer Science at Bar Ilan University, "David Guedalia's expertise
in semantic analytics will likely enable VATBox to achieve
unprecedented levels of compliance by understanding invoices and
cross-checking them with authorities' data."

"VATBox joined the Citi Accelerator in 2013, and we have been
following their progress since. They have grown by leaps and bounds,
signing on Tier 1 clients and growing their product with AI and
automation." Ornit Shinar, Head of Citi Venture Investing Israel.

Guedalia most recently researched autonomous vehicle mapping at
Intel. Prior to that, Guedalia was VP of Technology at Qualcomm's
Innovation Centre. He was a Co-Founder of Happy Cloud, LLC and served
as the CTO and Vice President of Research & Development at iSkoot
Technologies Inc. His PhD work in neural computation from the Hebrew
University of Jerusalem, specialized in in one-shot learning, is at
the forefront of Machine Learning and Artificial Intelligence.

VATBox is an automated, enterprise-wide, cloud-based VAT recovery
and compliance solution that has successfully disrupted the global
VAT recovery process. Sophisticated AI tools provide VATBox customers
with 360-degree VAT visibility insights, maximizing VAT returns with
an unprecedented 98.7% on average VAT recovery. Deep learning
algorithms help companies achieve the highest levels of compliance -
99% on average - and easily detect incidents of fraud within its T&E
expenditures.

Active in 72 countries worldwide and supporting more languages
than any other solution in the market, VATBox leverages the latest
word embedding technology to analyze invoices. The platform utilizes
natural language processing (NLP) to process Big Data that enable
interactions between computers and human languages. VATBox's NLP
capabilities encompass text mining, live dynamic text analysis,
computational linguistics, machine learning on text, deep learning
approaches for text data and natural language understanding. The
integration of these advanced AI capabilities has played an integral
role in driving further VAT automation.

For more information please contact:
Liat Arbesman - VP Marketing
liata@vatbox.com

ots Originaltext: VATBox
Im Internet recherchierbar: http://www.presseportal.de

Contact:
+31-20-810-2222

Original-Content von: VATBox, übermittelt durch news aktuell