In July 2022, Benivo and Vialto Partners announced the release of Smart Cost Estimates - A new, fully integrated tool on the Benivo platform that merges Vialto’s market-leading global tax content and expertise with Benivo technology, AI and analytics. #SmartCostEstimates is designed for Global Mobility teams to do more with data, be more proactive and deliver more strategic insights than ever before.
Nitzan Yudan, CEO at Benivo commented that
“Cost estimates are a perfect example of how superior technology solutions can offer customers outstanding quality, significantly better value and overall lower costs compared to market alternatives. I am extremely proud of the work the Vialto Partners and Benivo teams have executed together to introduce a game-changing option for clients around the world."
Brian Friedman, Strategy Director at Benivo adds:
“The fact that technology is more advanced in our consumer lives than our professional lives in Global Mobility is an anomaly that has long needed correction. The combination of Vialto Partners expertise and Big 4 pedigree with Benivo’s technology capabilities is a leap in the right direction.”
Shawn McGrath, Partner, Vialto notes
“As we invest in transforming the mobility ecosystem to help multinational organizations create better mobility experiences, we appreciate the capabilities of technology disruptors like Benivo to help drive innovation and deliver client success. We are excited to work together to bring the next generation of global workforce technology solutions to market.”
Vialto Partners is a leading provider of globally integrated solutions supporting global workforce mobility, including immigration, tax, managed services, and technology. Benivo is the leading end-to-end, single platform solution for Global Mobility teams to manage their globally mobile workforce and programs. The Benivo Global Mobility Management Platform enables teams to manage HR-Employee-Vendor processes, power every relocation policy type from VIPs to core-flex, lump-sum, managed services and more, with an integrated global payment system to execute employee and service provider payments faster and more cost effectively than any alternative.
The new #SmartCostEstimates technology combines Vialto Partners’ deep global expertise, datasets and technology with the Benivo system to:
Deliver superior calculation accuracy through AI and analytics
- Powered by Artificial Intelligence (AI)
- Applies actual spend data to improve future estimate accuracy
- Real-time estimate to actual tracking
- Automatic alerts when spend thresholds are hit
Maximize flexibility for planning and what if scenarios
- Unlimited calculations
- Unlimited what-if scenarios
- Instant results
- Support for custom datasets and COLA from any data provider
- Update default taxability of allowances and benefits to reflect company positions
Includes market leading, quality global tax support from Vialto
- Tax logic updates by market-leading tax professionals, support on demand
- Support for Domestic and International One-Way Transfers, Long-Term Assignments and Short-Term Assignments
- Hypo-Tax Calculations, Option to apply Tax Treaties and Totalization Agreements, Tax Residency Rule Support and more
There is no cost to clients already using the Benivo platform as it is included in the standard license fee. There are no limits or additional cost to the number of estimates or what-if's you want to run.
Learn more about #SmartCostEstimates.
Congratulations to Benivo and Vialto Partners, and to all the other EMMA winners at FEM EMEA 2022!