Avalara Exemption Certificate Management Pro Drives Compliance Automation with Next-Generation Technology
16 Mai 2022 - 12:03PM
Business Wire
Avalara, Inc. (NYSE: AVLR), a leading provider of cloud-based
tax compliance automation for businesses of all sizes, today
announced Avalara Exemption Certificate Management Pro, a new
product that helps small-to-medium businesses (SMBs) simplify
exemption certificate collection and compliance management. This
new solution leverages AI and optical character recognition (OCR),
expanding Avalara's existing exemption certificate management
offerings for certificate review and validation.
Certain businesses and entities are exempt from paying sales tax
on select taxable purchases, but are required to provide an
exemption certificate to the vendor at the time of transaction. In
our digital-first world, more tax-exempt sales are happening online
and across multiple channels, requiring vendors to collect and
validate exemption certificates quickly. However, for many
businesses, the process of collecting, validating, and storing
exemption certificates remains a manual, time-consuming, and
error-prone process that can lead to costly audits.
The industry’s first AI-powered automation tool for exemption
certificate management
Avalara Exemption Certificate Management (ECM) Pro is a new
solution that helps businesses automate the creation, collection,
completion, usage, and storage of exemption certificates and other
sales tax compliance documents. ECM Pro delivers new and innovative
capabilities for Avalara customers, with:
- An automated document validation tool that leverages AI and OCR
to automatically scan compliance documents for data entry and
certificate validation, leading to increased accuracy, as well as
time and cost savings
- A reimagined user experience based on simplicity and
customization that provides businesses with an easy-to-use
dashboard for visibility into the status of exemption
certificates
- Access to more than 35 integrations into billing, ecommerce,
and ERP systems, as well as a robust open API architecture for
additional integration development, supporting best-of-breed
integration solutions and key tasks from within leading ERPs
- A powerful integration that enables businesses to automatically
request exemption certificates from customers at checkout,
streamlining the certificate collection process
- New tools for businesses to automate renewal requests for
expiring certificates to help maintain ongoing compliance
“Until recently, tax-exempt transactions have usually taken
place in person through paper-based processes. As more B2B sales
happen online, the need for automated compliance document solutions
has grown,” said Sanjay Parthasarathy, chief product officer at
Avalara. “With Avalara Exemption Certificate Management Pro,
businesses can use our AI-powered automation to manage larger
numbers of exemption certificates with improved accuracy and
efficiency, while also improving the customer experience across
digital and in-person channels.”
Avalara acquired Tax Technology Services (TTS) in 2013 and
Transaction Tax Resources, Inc. (TTR) in 2020 to create an
industry-leading exemption certificate management product family,
including Avalara CertCapture and TTR Exemption Certificate
Management System (ECMS). With the introduction of ECM Essentials
for small businesses in 2021, the launch of ECM Pro for SMBs, and
future innovation for enterprise organizations, including Fortune
100 businesses, Avalara continues to add to its portfolio of
compliance document management solutions for businesses of all
sizes.
For additional information about Avalara Exemption Certificate
Management Pro, please click here. Avalara will unveil ECM Pro at
Avalara CRUSH Global. Register to attend here.
About Avalara
Avalara helps businesses of all sizes get tax compliance right.
In partnership with leading ERP, accounting, ecommerce, and other
financial management system providers, Avalara delivers cloud-based
compliance solutions for various transaction taxes, including sales
and use, VAT, GST, excise, communications, lodging, and other
indirect tax types. Headquartered in Seattle, Avalara has offices
across the U.S. and around the world in Brazil, Europe, and India.
More information at avalara.com.
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Media Contact Tommy Morgan media@avalara.com
540-448-7551
Investor Contact Jennifer Gianola
jennifer.gianola@avalara.com 650-499-9837
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