As a start-up in the competitive tech industry, we at TechNovate were always on the lookout for ways to optimise our cash flow and accelerate our growth. Our journey with Adsum began when we were grappling with the challenge of managing our VAT refunds.
Like many start-ups, we were spending more than we were earning to fuel our growth. This meant we were consistently in a VAT refund position. However, the standard process of receiving VAT refunds was slow and unpredictable, often taking up to 30 days. This delay was a significant hurdle for us, tying up funds that we could have otherwise used to invest in our business.
That’s when we discovered Adsum and their promise of delivering VAT refunds in just 60 minutes. The proposition was enticing, but we were initially skeptical. Could they really deliver on such a bold promise?
We decided to give Adsum a try, and I’m glad to say that it was one of the best decisions we’ve made. The sign-up process was straightforward and took less than 5 minutes. We simply had to provide our preferred bank account for the refund and grant Adsum access to our Government Gateway.
The real magic happened when we submitted our next VAT return. We followed our usual process, and within 60 minutes of submission, our VAT refund was in our bank account. It was a game-changer for us.
With Adsum, we no longer had to worry about cash flow disruptions due to delayed VAT refunds. We could plan our investments and expenditures more accurately, knowing that our VAT refund would be in our account promptly. This certainty and speed have been instrumental in our growth.
Moreover, Adsum’s service didn’t require us to change our existing VAT submission process. We could continue to work with our accountant and use our preferred MTD provider. It was a seamless integration into our operations.
In the fast-paced world of start-ups, every minute and every pound counts. Adsum’s instant VAT refunds have given us the agility and financial efficiency we need to stay ahead. It’s not just a service; it’s a strategic advantage.
I would recommend Adsum to any start-up that’s looking to optimise their cash flow and accelerate their growth. It’s a small change in your process, but it can make a big difference in your business Read less
