Modern Tax Automation For Unified Retail: Teamwork + Avalara
The Tax Barrier
Taxation has become increasingly more complex over the past few years. Market intelligence provider International Data Company (IDC) notes that technology providers are moving to provide solutions and leveraging the latest developments to simplify the tax process. AI is already being leveraged to automatically calculate taxation at the point of purchase across the U.S as well as easing the process for tax professionals to forecast and conduct risk analysis around tax issues.
Big data & analytics tools are also being used across the industry to provide professionals with insights and offer opportunities to optimize the tax decision process. IDC notes that big data and analytics will be a must have for tax software end users. Combining an existing tax software with deep dive analytics & a range of information around customer purchases.
The cloud will also be integral to tax trends in 2020, while tax compliance has been outpaced by other developments in cloud computing, IDC expects cloud tax software to be a critical part of business operations in the years to come. With current industry events, and the work of retailers to continue to pivot their business, brands need to be prepared for these changes by proactively investing in effective taxation solutions and utilizing a range of technologies at the point of purchase.
Modern Tax Automation for Unified Retail
Teamwork Commerce has partnered with Avalara, the leader in cloud-based compliance automation, to give you a sales tax solution that is robust and easy to configure. With a pre-built integration to Avalara, you can leverage the work we’ve completed to automate burdensome (and often error-prone) sales tax management, including calculations, certificate management and returns filing. And with over 700 integrations, you can have one tax solution across all of your retail channels and platforms. Avalara is also one of a handful of providers certified in the Streamlined Sales Tax (SST) program, meaning you may be able to qualify for free services in up to 25 states!
Find out if you are eligible for the SST program or to learn more about Avalara and how they can help your business manage the ever-changing sales tax landscape more efficiently.
This article originally appeared in CRM BuyerCustomer relationship management is the foundation of retailers meeting the demands of the ever-changing industry. Both customers and relators have been in a state of flux since 2020, and even prior to with rapid...
Retail companies are always looking for ways to increase sales, and one of the most effective ways to achieve that goal is by adding a Point Of Sale software or improving the one you have in your business. A Point Of Sale software let you manage your stores in an easy...
This article originally appeared in Retail Merchandiser Retailers who didn’t have a reliable online presence were quickly forced to adapt during the Covid-19 pandemic. Left with no option to physically welcome customers, many stores had to begin or enhance...