Avalara Sets Industry Standard for Sales Tax Calculation Accuracy with New Release of AvaTax
- Avalara News
- November 30, 2011 | Avalara
BAINBRIDGE ISLAND, Wash.--(EON: Enhanced Online News)--Avalara (www.avalara.com), the leading provider of fully automated, up-to-date sales and use tax compliance solutions, today announced the latest version of AvaTax, the fastest, easiest, most accurate and affordable way for small and mid-sized businesses to manage compulsory sales tax functions, including calculating, collecting, reporting and remitting sales taxes in multiple jurisdictions.
“We will continue to blow past existing performance standards across every mission-critical aspect of transactional tax compliance, and provide businesses of all kinds with the ability to calculate, file and remit sales tax in any environment with the highest level of confidence.”
Avalara customers now have access to the most accurate sales tax calculation service available anywhere. The latest version of AvaTax, which includes Avalara’s new, cutting-edge Geo-Location Engine, determines the exact location within a sales tax jurisdiction, and allows for end-to-end control of tax region data.
The new AvaTax addresses an accuracy gap in current sales tax calculation technology – the fact that a Zip Code, or even a U.S. Postal address, is often not enough information to make an accurate sales tax jurisdiction assessment. The AvaTax Geo-Location Engine uses latitude and longitude coordinates passed into a mapping engine that includes more than 11,000 taxing jurisdictions nationwide. With support in AvaTax for a geospatial tax rate lookup, sales tax calculations are now exponentially faster and more accurate down to the individual address level.
Avalara’s Geo-Location Engine technology also supports a new range of use cases where an address is not available, such as construction sites, or where an address has not yet been established. No other sales tax calculation service is providing levels of accuracy matched by the new version of AvaTax. This increased accuracy gives businesses key advantages, including reduced customer service incidents related to incorrect tax rates, and greater risk mitigation in the event of an audit.
"Avalara is proud to release this latest version of AvaTax to our valued customers, and to continue to develop and deploy next-generation technologies like the new Geo-Location Engine,” said Scott McFarlane, CEO and co-founder of Avalara. "We will continue to blow past existing performance standards across every mission-critical aspect of transactional tax compliance, and provide businesses of all kinds with the ability to calculate, file and remit sales tax in any environment with the highest level of confidence.”
Try it today! Go to www.avataxmaps.com to experience the speed and accuracy of AvaTax’s new Geo-Location Engine.
To learn more about Avalara’s full range of automated compliance solutions, visit www.avalara.com.
Based near Seattle, WA, Avalara, the market leader in web-based sales tax solutions, continues to transform and enhance the sales and use tax compliance process for businesses of all sizes. With point-and-click ease, Avalara provides the fastest, easiest, most accurate and affordable way for companies to address their statutory tax requirements. Avalara is the industry’s most trusted provider of sales and use tax automation solutions, serving more than 40,000 registered users located throughout the U.S., Canada, and abroad, delivering more than 350 million sales tax transactions, and filing and remitting more than $10 billion in sales & use tax collections per year. Avalara is one of America’s fastest growing companies and Microsoft’s SaaS Partner of the Year for 2010. For more information, please visit www.avalara.com.
To set up an interview with Avalara CEO Scott McFarlane, please contact Brian Austin, Director, Accountant & Industry Relations at Avalara, at 707.799.9838, or email firstname.lastname@example.org.
Brian Austin, Director, Accountant & Industry Relations