Won by One Foodbank

More about Won by One Foodbank

Won by ONE Food Bank is an associate of a committed South African non-profit company, dedicated to combating food and health insecurity by providing unique and innovative nutritious meals and essential supplements to workforce and other individuals who are in need.

Business Workforce: – Won by ONE Food Bank provides WBO Food Sock nutritional meals, vitamins, nutrients to a business workforce and thus contributes to improved morale and loyalty, increase productivity and reduce absenteeism

Local Community: – Won by ONE Food Bank provides WBO Food Sock nutritional meals, vitamins, nutrients to vulnerable and food-insecure children in schools, elderly in need, and disabled fellow citizens in your area.

The Process

Referral

You refer a business to us and we get in touch to get the necessary information from you or the contact details you provided

Data Collection

During this process, we liase with your financial software support team to obtain data exports or database backups. We then import this data to our in-telligent software for a line by line verification process to detect Input vat errors that result in excessive payments to SARS

Verification

We verify and confirm the error findings our software has identified. During this phase of the process, we ensure that every error and potential deduction is tested according to diligent methods, and the results are then presented to our client.

Correction

We liaise with our client accountants to assist in the correction of the deductible Input VAT errors. We advise on the best course of corrective action in each case. The benefits and improved cash flow can be realised in as little as 30 days after we receive the required information.

Invoice/ Payment

When the correction is applied and the client has received monetary benefit, we invoice our client on the agreed upon once-off fee. The fee is based on a percentage of direct monetary benefit to our client. Vatalot then pays over the 15% of Invoiced fee to de Beers.