Avalara Introduces New Capabilities to Help Businesses of All Sizes Manage Vendor Tax Exemptions

▤ Summary

Even though such entities are relieved from paying sales tax, in most states, they’re required to submit a valid exemption certificate to the vendor they’re purchasing from. To avoid tax and audit liability, and to reduce the risk of orders being delayed, tax-exempt businesses must provide valid exemption documentation before or at the time of purchase. Leverage centralized storage for vendor exemption certificates across the business for improved reporting and analysis. “Businesses can improve compliance and minimize order delays on tax-exempt transactions by automating exemption certificate management across transactions while also saving time spent on manually creating and providing documentation to vendors.” Avalara Vendor Exemption Management works with Avalara CertCapture to give businesses the ability to manage incoming and outgoing tax exemption documents with a single, integrated application. 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.

▦ Linked Companies

Avalara

$500M to $1B