Clara Launches Invoice Recovery and Aims to Help Companies Reach 99% Expense Deduction

With this tool, Clara aims to help its entire client base achieve full deductibility of expenses while optimizing time across their teams.

Clara, Latin America’s leading solution for companies to manage and make their payments, announces the launch of its new advanced Invoice Recovery solution. The tool aims to eliminate non-deductible expenses by ensuring every business expense has an electronic invoice automatically, while saving time for the company’s entire operations and accounting team.

The solution was created so that, through partnerships with acquirers or from a single photo of a corporate expense receipt, Clara obtains the CFDI (Comprobante Fiscal Digital por Internet) and links it to the corresponding transaction in each company’s Clara Platform, all in a matter of moments. This is possible thanks to the integration between Clara, the SAT and the use of artificial intelligence for invoice recovery. As a result, companies can meet their tax obligations efficiently and ensure greater tax compliance across all expenses.

The feature can be activated by any Clara Mexico client. With the new technology, employees and finance teams no longer need to spend time recovering CFDIs to submit expenses and let the company close its accounting books correctly. In addition, with the guarantee that 100% of recovered CFDIs are accessible on the Clara Platform, companies can maximize expense deductions, reducing taxes by up to 30% and ensuring tax compliance.

“At every month-end close, companies are required to obtain and reconcile the CFDIs for each transaction with the SAT to ensure their expenses are deductible. Before Clara, the process was tedious and manual. Business travelers, operators and accounting teams diverted their focus from their core work to capture and reconcile every document. We want to give that time back to people and help companies meet their tax obligations,” explains Gerry Giacomán Colyer, CEO and co-founder of Clara.

A key tool within Clara’s payments and management ecosystem

The Invoice Recovery solution is integrated into Clara’s comprehensive invoice management ecosystem and includes:

• Direct connection to the SAT to download and view all of the company’s invoices at no cost.
• Automatic linking of each invoice to its payment on Clara’s platform, using an AI model.
• Continuous monitoring of invoice validity and blacklists.
• The automated invoice generation described above at merchants such as restaurants or supermarkets, using only a photo of the receipt.

Clara’s complete solution includes the ability to make and manage all payments efficiently and securely. The platform is integrated with corporate credit cards, SPEI transfers with a credit line and international payments, which can leverage the credit line Clara provides to each client to give them greater liquidity. All of this sits within a comprehensive management platform that also offers “Insights,” financial intelligence that helps companies identify savings opportunities and make smarter decisions quickly.

“With this new solution, companies have one more reason to start using Clara’s entire payments ecosystem, since no other company offers as many integrations, simplified payment options and such a high level of visibility and intelligence,” explains Gerry. “For many of our clients, we are proud that Clara represents a turning point in how they manage their finances.”

About Clara

Clara is the leading Latin American solution for companies to make and manage all their payments. Clara’s platform includes corporate credit card issuance, bill payments and international transactions, and proprietary real-time expense management software. Founded in 2020, it operates in Brazil, Colombia and Mexico. As a Latin American multinational, Clara has secured investments from some of the region’s most strategic capital funds, including Monashees, Kaszek and Canary, as well as global investors such as Notable Capital, Coatue, DST Global Partners, ICONIQ Growth, General Catalyst and Goldman Sachs.

Clara’s mission is to empower companies to operate with agility and clarity, helping them become more efficient and less bureaucratic through a platform that supports multiple payment methods integrated into its innovative expense management solution.