Food retailers emitted +20.000.000 VAT documents for cross border shoppers. This should not take
part in your cashier zone.
RFND solves compliance and performance issues in that process.
A conducted audit in responsibility of an external audit firm revealed in th food industry a huge error rate of all emitted export documents for VAT refund. As multiple error sources where revealed the overall error rate yields 23% in the sample leading to serious headaches for the compliance, law and finance department, as those risks remain for up to 10 years a serious threat to the company. Though it is valuable to offer such a service you need to be compliant, otherwise the good effect turns into a bad nightmare.
RFND is the #1 Technology provider for special soft- and hardware products for the food industry.
All involved departments,e.g. cashier, manager, accountant, financial department are taken out of the loop; leading to more efficient time for core business.Learn More
Increased profitability through the closed cycle of the RFND_series. Each VAT RFND transaction leads to a reduction on next purchases. Yielding a cycle effect of revenues.Learn More
As the RFND procedures take place at the starting point the RFND series lower the waiting lines and increase throughput that the point of sale.Learn More