Indirect tax and payments leaders announce strategic partnership
Bainbridge Island, WA and London, UK – November 12, 2014– Avalara, Inc. and GlobalCollect have announced a strategic partnership to provide industry-leading payment and indirect tax compliance services to ecommerce companies looking to trade cross-border. GlobalCollect, an Ingenico Group company, processes international ecommerce payments for the world’s most recognised ecommerce brands, while Avalara delivers compliance solutions related to sales tax, VAT and other transactional taxes.
The partnership will help ecommerce businesses ensure they can offer robust, reliable and localised payment solutions to customers around the world, without discarding local culture, while ensuring they remain fully compliant with transactional tax regulations.
Kevin Boland, VP Business Development, EMEA at Avalara said: “GlobalCollect represents a key strategic partnership for us in the payments world as we continue facilitating international growth for ecommerce companies of all sizes. Working together, we are excited to join with GlobalCollect to help merchants successfully manage more transactions internationally.”
Avalara and GlobalCollect both provide fully-managed global solutions, with Avalara supporting automated tax calculation in over 100 countries and GlobalCollect securely accepting payments from more than 170 countries in more than 150 currencies, using in excess of 150 local payment methods. Avalara’s technology combines its vast proprietary database with address validation and geolocation, applying the correct taxability rules and rates and handling filing and remittance. GlobalCollect customers can use a single web-enabled interface to manage localised payment methods and increase customer conversion rates.
Matthijs Pronk, Vice President of Business Development at GlobalCollect, added: “Enterprise level merchants who expand across territories encounter many new challenges. Working together, GlobalCollect and Avalara are helping to relieve merchants’ burdens on international contracts, currency conversions, reconciliation, VAT calculation and management. Supporting them with payment products driven by deep knowledge of local payment culture means that merchants can focus on what they do best: offering great products and services online, internationally, knowing that complex payment and tax related challenges are being handled by the specialists.”
Boland concluded: “Handling sales tax, VAT and other transactional taxes can be extremely difficult for businesses expanding abroad. Avalara removes these complexities by automating and simplifying the process in a fast, easy and cost-effective way, freeing up vital business resources.”
Avalara is a leading provider of cloud-based software that helps businesses of all sizes achieve compliance with sales tax, excise tax, and other transactional tax requirements by delivering comprehensive, automated, cloud-based solutions that are fast, accurate, and easy to use. Avalara’s end-to-end suite of solutions are designed to effectively manage complicated and burdensome tax compliance obligations imposed by state, local, and other taxing authorities in the United States and internationally.
Avalara offers hundreds of pre-built connectors into leading accounting, ERP, ecommerce and other business applications. The company processes millions of tax transactions for customers and free users every day, files hundreds of thousands of transactional tax returns per year, and manages millions of exemption certificates and other compliance related documents. Founded in 2004 and privately-held, Avalara’s venture capital investors include Battery Ventures, Sageview Capital, Arthur Ventures, and other institutional and individual investors. Avalara employs more than 750 people at its headquarters on Bainbridge Island, WA and in offices across the U.S. and in London, England and Pune, India. More information at: www.avalara.com
GlobalCollect is the most knowledgeable global Payment Service Provider in the world, processing international eCommerce payments for more than 600 of the world’s most recognized eCommerce brands in the digital goods and services, travel, retail and video gaming industries, among many others.
With two decades of payments experience, we enable our clients to efficiently and securely accept payments from more than 170 countries in more than 150 currencies. We offer in excess of 150 local payment methods, including all major credit cards, debit cards and alternative payment methods, giving unparalleled coverage throughout all global regions. Our robust and redundant systems guarantee our customers high availability and reliability. GlobalCollect’s business intelligence tools, Managed Fraud Services and more than 400 payments experts help our clients elevate their payment strategies to become a strategic asset to their companies.
Headquartered in Amsterdam, GlobalCollect has regional offices in North America, Asia Pacific, South America and the EU focused on bringing local presence with global reach and services to our clients.
For more information please visit: http://www.globalcollect.com