#United States #Durham #Tax Compliance #Avalara #Haltec Corporation

Haltec Corporation's Transformative Journey with Avalara

Haltec Corporation, a notable player in tire valve systems and torque technology, is at the forefront of innovation in its industry. Founded in 1970, this North Carolina-based manufacturer has seen tremendous growth, evolving from a family-run enterprise into a significant organization with 250 employees servicing over 130 countries. However, as it expanded across diverse markets in the U.S., Haltec faced increasing complexities in sales tax compliance.

The rise in complexity stemmed from shifting state regulations, fluctuating tax rates, and mounting requirements for exemption certificates. This scenario presented a significant challenge for Haltec, leading to the decision to modernize its tax operations through Avalara's advanced suite of tax compliance solutions.

By implementing Avalara's AvaTax, Returns, and Exemption Certificate Management, Haltec integrated these solutions seamlessly with its long-term ERP partner, SYSPRO. The results were profound — tasks that previously took weeks to execute were now completed in just hours. For example, the tax return process, which was consuming two to three weeks each month, is now streamlined to mere hours. This efficiency translates into hundreds of hours saved annually, allowing Haltec to avoid hiring two additional full-time staff members to manage tax compliance tasks.

Brooks Bezon, CFO of Haltec Corporation, remarks on the significant transformation: "Before Avalara, our tax processes were not only time-consuming but also prone to errors. Now, with automated returns and simple certificate uploads from our customers, we can trust the accuracy of our billing processes."

The partnership with Avalara has enabled Haltec to reclaim valuable time and resources, which can now be redirected towards product innovation and fostering new global partnerships. Liz Armbruester, Avalara's EVP of Customer and Compliance Operations, expressed pride in their collaboration with Haltec. "Their commitment to saving time and reducing manual compliance burdens showcases the transformative power of automation in business operations."

This initiative not only improves operational efficiency but also positions Haltec favorably in its sector, allowing it to maintain agility and compliance in an evolving market landscape. As Haltec continues on its growth trajectory, its collaboration with Avalara stands as a testament to the crucial role technology plays in shaping modern business practices.

The significance of this partnership underscores a broader trend within the industry, where automation and advanced technologies streamline traditional practices, paving the way for future advancements. As Haltec grows, the focus on maintaining compliance with efficiency will remain paramount, ensuring their competitive edge in the global market.

In summary, Haltec's transformative journey with Avalara exemplifies how businesses can enhance their operational capabilities through modern solutions. As they chart their future course, the integration of such technologies will undoubtedly enable Haltec to navigate the complexities of tax compliance with confidence and agility.