#United States #IDC MarketScape #Durham, N.C. #Tax Automation #Avalara

Avalara's Leadership in Tax Automation

Avalara, Inc., a premier name in tax compliance automation software, has recently solidified its status as a leader in the tax automation sector. This recognition comes from three consecutive IDC MarketScape reports that evaluate tax automation solutions for small and medium-sized businesses (SMBs), enterprises, and value-added tax (VAT) systems. This achievement not only highlights Avalara's continued effort toward innovation, but it also showcases a strong commitment to easing the compliance challenges faced by businesses around the globe.

Jayme Fishman, Avalara's Chief Strategy and Product Officer, expressed the company's pride in this accolade. He stated, “Avalara has solidified its position as a global leader in cloud compliance, built on more than 20 years of innovation and investment.” Such a robust track record underpins Avalara's dedication to eliminating hurdles in tax compliance, allowing its customers to focus on their business growth.

In the IDC MarketScape reports, Avalara was positioned in the Leaders Category for the following:

• - Worldwide SaaS and Cloud-Enabled Sales and Use Tax Automation Software for Small and Midmarket Businesses 2024.
• - Worldwide SaaS and Cloud-Enabled Sales and Use Tax Automation Software for Enterprise 2024.
• - Worldwide Value-Added Tax Management Applications 2024.

As global tax regulations continue to become more complex and dynamic, businesses face the daunting task of maintaining compliance. Kevin Permenter, Senior Research Director at IDC, emphasized this challenge, noting that organizations risk stagnation without embracing digital transformation within their tax functions. He pointed out that Avalara's solutions offer a simplified approach to navigating the intricate world of tax compliance.

Whether companies are embarking on digital transformation projects, venturing into omnichannel sales, or expanding their product offerings, Avalara provides the tools necessary for effective tax compliance management. This includes accurate tax calculation based on geolocation, current legislation, and industry-specific requirements, spanning sales and use tax, VAT, and goods and services tax (GST).

The recent acknowledgment follows Avalara's previous successes earlier in the year, where it was placed in the Leaders Category in another IDC MarketScape report for European Compliant e-Invoicing Solutions. Additionally, Avalara received the same recognition in 2021 for its performance in tax automation solutions targeting SMBs, enterprises, and VAT.

Avalara’s technology is already making waves in more than 75 countries, supporting over 41,000 business and government customers. Leveraging a vast array of partner integrations with leading e-commerce, ERP, and billing systems, Avalara’s software streamlines tax calculations, document management, tax return filing, and ensures access to the latest tax content.

To find out more about how Avalara can optimize your tax compliance journey, you can visit their website at avalara.com.

Conclusion

Avalara's recognition as a leader in three IDC MarketScape reports reiterates its ongoing commitment to innovation in the field of tax compliance. Companies looking to streamline their taxation processes and overcome compliance challenges will find invaluable support from Avalara’s suite of solutions, positioning them for sustainable growth in an increasingly digital economy.