About Prinova
Prinova is one of the largest distributors of ingredients in the global food industry, and also supplies nutrient premixes and particle management services. The company runs 35 strategic stock locations, six manufacturing bases and fifteen regional sales offices, supplying more than 2,000 ingredients — from amino acids, vitamins and botanical extracts to sweeteners, proteins and preserving agents — with more than a thousand employees worldwide.
Taxually works with Prinova Europe Ltd and Prinova Benelux and France — the latter a Belgium-based company with a VAT registration in the Netherlands.
The challenge
Prinova files directly in five jurisdictions: the Netherlands (the largest and most complex), the UK, Germany, Spain and Italy, with monthly and quarterly submissions and an extensive supply chain bringing invoices from many other locations. Its previous provider left the team doing multiple manual checks — cross-referencing one invoice against another to confirm where goods shipped from and to, and whether VAT had been applied correctly. Prinova wanted those interventions substantially reduced.
Why Taxually
From the first demonstration, Taxually showed what an advanced compliance platform does differently. What resonated was the ability to put operationally specific rules and warnings in place, and to flag potential issues and errors automatically. The team also valued the depth of Taxually’s tax knowledge as their own operations developed.
What changed
After just two rounds of returns Prinova was already seeing the benefit. Automated flagging and built-in rules cut the time spent across the whole compliance process, and streamlined processes reduced out-costs against the previous supplier — savings company executives estimate at as much as 50%. Prinova is now considering where else Taxually can support the business.
“Taxually are a breath of fresh air. They are simplifying our processes and making a large cost saving. From my point of view as Head of Finance, this is exactly what making a difference really means and it aligns perfectly with our goals to make efficiencies within the system and to be compliant. I am very happy.”
Bukky Osobe · Director of Finance, Prinova Europe Limited
Frequently asked questions
How much did Prinova save by switching to Taxually?
Company executives estimate savings of as much as 50% against the previous supplier, from automated flagging, built-in rules and streamlined compliance processes.
In which countries does Taxually file VAT for Prinova?
Prinova files directly in five jurisdictions: the Netherlands, the UK, Germany, Spain and Italy, with monthly and quarterly submissions.
How quickly did Prinova see results with Taxually?
After just two rounds of returns. Operationally specific rules and warnings flag potential issues and errors automatically, which cut the manual cross-checking between invoices.
