Lovat Joins AI Accelerator Program at the University of Edinburgh

Focused on Scaling AI-Driven Solutions for Global Tax Compliance

September 19, 2024, Edinburgh — Lovat, a leading tax management software for e-commerce businesses, is proud to announce its participation in the prestigious AI Accelerator program at the University of Edinburgh. This six-month program supports innovative AI-driven companies, focusing on creating a positive global impact.

With Lovat, businesses can easily expand into new markets without the added complexity of cross-border tax compliance.

“Our platform is designed to be the easiest to use on the market. We leverage trained models to recognize tax documents and use AI-powered tools for the preliminary classification of revenue and expenses. Joining the AI Accelerator allows us to refine our AI capabilities further and expand our global reach.” said Olga Maximova, CEO of Lovat. “We’re excited to collaborate with Edinburgh University and other innovators and continue to provide simple, efficient tax management software.”

Lovat’s AI-powered platform is currently used by over 1,000+ businesses worldwide. 

Contact:

Sipyagina Alexandra – Marketing Director

aleksandra@backup.vatcompliance.co

About Lovat:

Lovat is a tax software for cross-border e-commerce. Lovat is a one-stop shop for VAT and sales tax in 111 countries. Tax determination, tax reporting, and tax payment-  all  in one place.