How to control spending and save VAT on business meals?
One of the expense items that often escapes the control of companies is employee lunches and dinners. The item can become very large in some cases. To remedy this, there are already platforms on the market that directly connect restaurants and diners, a smart way to generate savings, and not only because of the VAT deduction.
Solutions such as ElTenedor connect restaurants and diners, allowing diners to search and make reservations online, while establishment owners increase the number of reservations and loyalty among their customers. Win-win.
Through the website and mobile app, as well as TripAdvisor's restaurant and city pages, users can check availability in real time, in real time, in real time, select a restaurant according to various criteria (including geographic area, type of cuisine, reviews and promotions) and make a reservation.
For their part, restaurants manage reservations, streamline their operations, improve service levels and make the most of their capacity to accommodate diners, following the principles of yield management, which adapts the price to the demand of each moment, a practice that is successfully used in the travel and hotel industry.
This model, which was born to meet the demand of individuals, already has its Business version. The advantages are very clear. On the one hand it allows to control the expenses in meals and dinners of company when extracting data on date, number of attendees, restaurant chosen and final amount consumed. All this in a simple way and at no additional cost to the company, at least in its current testing phase.
On the other hand, it is a valuable tool for saving VAT of the catering costs of companies, thanks to the digital invoice that is generated on behalf of the restaurant and where all the tax information necessary for the deduction is included.
In addition, the whole system provides greater visibility, which results in improved management, thanks to the monthly report and invoices in PDF format. The selection of restaurants is also easier, since the platform performs a screening based on criteria of quality based on the needs of the companies, business areas, etc. Employees also have access to the loyalty system. In short, a smarter way of managing.