Chrome River partners with PwC to provide expense best practices
Expense and invoice management solutions provider Chrome River entered an alliance with PwC to provide customers with global templates for expense reimbursement compliance.
Chrome River will offer VAT and other country-specific data provided by PwC as templates for its customers to deploy to their international subsidiaries, leveraging PwC’s global taxation and regulatory insight. Chrome River customers can subscribe to receive automatic updates on a range of tax, regulatory and expense data points that they can use to follow and comply with complex recovery rules for value-added taxes and goods and services taxes on employee expenses and receipt retention.
“The majority of Chrome River’s 750-plus customers use our solutions across multiple markets, and every country has different standards and templates for expense reimbursement, which can be complex to manage,” stated Alan Rich, CEO and co-founder of Chrome River. “The ability to easily and accurately navigate the myriad global regulations that relate to employee expenses will make finance teams’ lives much easier, and with this relationship with PwC, we can enable our customers to remain in compliance with international regulations whenever they are updated.”