Exactly, GTV could increase & there's always a delay in payments from government authorities back to W2V. That's just how it is. It doesn't matter how big W2V gets there's always going to be a delay. Right now there's a backlog of payments sitting in government coffers.
Now they've got a new product to upsell to current clientele, they could pull in more money from the same size customer base.
Acquisitions could be on the cards as well.
WAY 2 VAT LTD. (ASX:W2V) - Ann: Way2VAT increases revenue by 64% as business starts to scale, 72592123, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
Charges for the new AI product below.
W2V will take a 20% commission on any VAT reclaims & will charge a standard rate per invoice as well.
WAY 2 VAT LTD. (ASX:W2V) - Ann: Launch of world first AI driven automated auditing product, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading ForumThe technology is meant to be scalable.
WAY 2 VAT LTD. (ASX:W2V) - Ann: Chairman's Address and CEO Presentation at 2023 AGM, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
I remember an interview where Amos stated they were processing 1M invoices a month & they're planning on 10M invoices.
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