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Geotab combines with KPMG Australia to help operators claim FTCs

An ATO Product Ruling will allow Geotab and KPMG Australia to combine to offer operators with the FTC Automator

Global telematics technology company Geotab has announced it has formed a new alliance with KPMG Australia that allows KMPG’s clients to access Geotab technology.

The partnership will allow KMPG to enhance products like its Fuel Tax Credit (FTC) Automator, which analyses vast amounts of data at speed and scale to harness geo-spatial analytics and process the data before feeding it into the tax engine to product FTC entitlement calculations.

The alliance coincides with an Australian Taxation Office (ATO) Product Ruling that ensures certainty over the tax implications of using the FTC Automator.

“This is a direct response to market demand for a product that has undergone ATO review and testing ahead of its release of a formal, publicly available ruling,” KPMG Australia national leader for workforce and innovation, and tax and legal chief technology officer David P Sofrà says.

“The ATO Product Ruling sets out the Fuel Tax Credit consequences for KPMG Australia clients using Geotab to calculate their FTC entitlement using KPMG’s proprietary FTC Automator solution.

“Our ability to provide businesses with access to Geotab’s market‐leading technology means not only are we able to support our clients with a holistic, end‐to‐end fleet technology solution that fulfils their needs, we also have a high degree of confidence in the quality, accuracy and frequency of the data we are able to ingest into the FTC Automator.”

The FTC Automator is also able to surface important insights on safety, carbon emissions, fleet optimisation, as well as how viable it is for some, or all, of an organisation’s fleet to be electrified.

“Our clients are increasingly focused on other aspects of fleet management, such as Environmental, Social & Governance (ESG) concerns, including safety and electrification,” Sofrà says.

“Having access to Geotab’s analytics and insights from over four million connected vehicles that use Geotab technology globally is a real boon for our clients and will support them in making informed decisions that are aligned with their strategic goals.”

Geotab AVP sales of APAC David Brown says the FTC Automator, now backed by an ATO Product Ruling, is a very welcome and timely addition to the Geotab ecosystem.

“We look forward to partnering with KPMG’s tax technology experts to develop additional, new solutions in the ever‐evolving fleet space,” Brown says.

“Beyond tax, the telematics data KPMG is able to harness for its clients using Geotab will enable it to provide sector insights and industry‐peer comparisons on a number of key

metrics such as CO2 emissions, fleet utilisation and various others relating to safety.”

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