For over two decades, Blumont Analytics has been helping meduim to large companies transform VAT data into profit. Our proprietary techniques, combined with over 20 years proven expertise, uncovers hidden opportunities that enable businesses to recover lost VAT, optimize cash flow, and improve financial processes.
VAT is complex, and over-reliance on automated software systems can lead to errors that, if repeated over time, result in significant VAT Leakage. Our VAT Recovery review ensures that companies are not loosing profits due to overpaying of VAT or not claiming VAT benefits.
As a business owner or finance lead when did you last review your VAT ?.
VAT Review for a Global Chemicals and Energy Group - Savings R100m/ €5m/ £4.3m
You can claim a refund of VAT already paid to Revenue. Many businesses have utilised this relief as debts have become increasingly difficult to collect.
Should you be reclaiming more VAT? There are many ways to calculate the appropriate percentage recovery (not just turnover basis), and these should be examined.
Care must be taken when dealing with cross-border transactions. In many cases, VAT is not chargeable as the invoice will be zero-rated. However, this treatment generally requires that certain conditions be satisfied.
VAT Review for a Global Insurance Group - Savings: R105 m/ €5m/ £4.3m
Bespoke tailored service for each individual client
Work with us, we simplify the process
Forensic VAT review to identify process gaps and recover overpaid VAT
Identities mistakes which directly translates to recovered cash for clients
While software improves efficiency, it cannot eliminate processing and system errors. Over 20 years of reviews, we’ve recovered hundreds of millions in unclaimed VAT for clients using leading software like SAP, Oracle, Sage, Xero, and Syspro.
Founder & CEO
Senior Analyst & Project Lead
Director Business Development, SA
Growth Partner, Ireland
Annual statutory audits of accounts are designed to test the accuracy of the systems in place. For example, if a business sells 100 widgets and charges its customers €100 each, the audit should verify that €10,000 plus VAT was lodged to the bank, and the VAT control account should show that the correct VAT amount was paid to Revenue. However, the annual audit will not tell if the correct rate of VAT was charged (which could depend on the type of product sold or indeed the location of the customer, etc) or even if VAT was due in the first place.
Even the best companies have blind spots. Change in staff, working from home, new accounting software, and change in legislation all impact VAT. We check all your systems are as robust as you need them to be.
Large companies are typically resistant to change. Could this be happening in your company?
Many companies hesitate as they focus on the time invested in the review. However, we do all the heavy lifting and as a client recently said
‘It was as simple as sending over some spreadsheets’
Our service is about loss–avoidance and optimisation, not criticism.
Data is our top priority. We comply with all of your data security requirements. We are trusted by multinationals and semi-state companies with rigorous compliance protocols, such as Coca-Cola, Siemens, and An Post.
Nick is a qualified financial accountant with a stellar reputation within the business community in South Africa. After consulting on a project for the South African Revenue Service (SARS), he identified a gap in the market for a specialised service to help businesses recover unclaimed VAT and ensure regulatory compliance. This insight led to the founding of Blumont Analytics, where for more than 20 years he has applied his expertise to help companies navigate complex VAT regulations and maximise their financial recovery.
When he’s not working, Nick can often be found cycling the mountains and trails around Cape Town.
Carl holds an Honours degree in Finance from the University of Cape Town and brings strong analytical expertise to his role at Blumont. Having worked as a business analyst at one of South Africa’s leading investment management firms, he developed a deep understanding of financial systems, data interpretation, and strategic decision-making.
At Blumont, Carl works closely with founder and CEO Nick Griesel to deliver in-depth analysis and actionable insights for clients. His expertise lies in large-scale data analysis to identify opportunities for VAT recovery, streamline financial processes, and uncover hidden value within financial operations.
Carl is a busy family man with two young children. He loves a hike or trail run on Table Mountain when time allows.
Matthew has over 30 years of experience leading strategy and business development in the financial and fintech sectors. He has held senior roles in global banking, retail banking and resource businesses. Matthew has been a founder of two successful FinTech companies, which he successfully exited and sold on.
Matthew is working with Nick to develop Blumont’s Footprint.
Matthew is a keen cyclist and runner often seen supporting and taking part in events around Cape Town.
Margaret Naughton is a graduate of Shannon College of Hotel Management with over 20 years of experience in luxury hospitality. She has developed a deep understanding of cost management and operational excellence through her work in some of the world’s most prestigious hotels.
While living and working in Cape Town—where challenging economic conditions require businesses to be innovative—Margaret learned of Blumont’s stellar reputation for helping companies save money. She is now delighted to bring her expertise to Blumont, working alongside Nick and the team to expand the company’s presence in Ireland and the UK.
Margaret, since moving back to Ireland, is busy loosing golf balls in her local course and has set up a group for expats in Limerick & Clare.
