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INTERNET | Internet Software & Services / Accounting & Finance
avalara.com

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Founded Year

2004

Stage

IPO | IPO

Total Raised

$253.02M

Date of IPO

6/15/2018

Market Cap

11.36B

Stock Price

188.98

Revenue

$0000 

About Avalara

Avalara (NYSE: AVLR) helps businesses of all sizes achieve compliance with transactional taxes, including sales and use, VAT, excise, communications, and other tax types. The company delivers automated, cloud-based solutions that are designed to be fast, accurate, and easy to use. Avalara's platform helps customers manage complicated and burdensome tax compliance obligations imposed by state, local, and other taxing authorities throughout the world. Avalara offers more than 550 pre-built connectors into accounting, ERP, ecommerce and other business applications, making the integration of tax and compliance solutions easy for customers. Each year, the company processes billions of indirect tax transactions for customers and users, files more than a million tax returns and manages millions of tax exemption certificates and other compliance documents.

Avalara Headquarter Location

110 2nd Ave

Seattle, Washington, 98101,

United States

206-641-2560

Latest Avalara News

Avalara for Hospitality Debuts Tax Compliance Software for Hotels

Sep 20, 2021

Solution automates onerous and time-consuming aspects of tax compliance, including calculation and filing of sales and lodging tax returns. Senior Editor (Hotels) Avalara, Inc. , a provider of cloud-based tax compliance automation for businesses of all sizes, today announced the availability of Avalara for Hospitality, a solution for hotel chains, resorts, online travel agencies, property management groups, and short-term rental operators that automates the most onerous and time-consuming aspects of tax compliance, including calculation and filing of sales and lodging tax returns. “Today’s announcement coincides with businesses in this sector emerging from shutdowns and curtailed operations, and developing a path forward to growth and profitability,” said Sanjay Parthasarathy, chief product officer at Avalara. “Many hospitality businesses have used the enforced downtime to implement new technologies that modernize operations, streamline processes via automation, gain efficiencies, and reduce the risk of audits and fines for noncompliance of tax and other obligations. Avalara for Hospitality helps these businesses manage the full breadth of their tax compliance commitments, and deal with the many changes in rates, rules, and new tax types added by jurisdictions.”  Avalara for Hospitality provides the following benefits to businesses: Improve compliance. Maintaining accurate tax rates and rules is a labor-intensive process, whether a business is managing a single property or a chain of hotels. Getting rates wrong or not understanding total obligations can result in overpaying or underpaying taxes. Tax experts at Avalara track lodging and related tax rates at the city, county, and state level, and Avalara for Hospitality automates these tax calculations. Avalara also helps determine which taxes are owed and remits your funds to the jurisdiction on a regular cadence, facilitating compliance. Streamline reporting. Manually consolidating data to determine tax obligations for online travel agencies, property management groups, and hotel chains via their back-end systems is a time-consuming process, prone to human error. Avalara for Hospitality can integrate with your existing hospitality marketplace, ERP, PMS, point-of-sale, or accounting platforms, delivering consistent rates and reporting across sales channels and internal systems. Improve process efficiency. Preparing, filing, and remitting reports for city, county, and state jurisdictions requires significant manual effort, with even greater complexity if a business is operating properties in multiple jurisdictions or renting through multiple channels. Customers can offload returns preparation, filing, and remitting to Avalara. Avalara for Hospitality also allows businesses to write a single remittance check, and Avalara distributes the funds based on what is owed to each jurisdiction, helping to reduce costs and increase efficiency and compliance. Reduce audit risk, improve customer experience. Streamline processes to create a simple, reliable booking experience that includes tax rates to show exact charges up front. In addition, improve pricing transparency while mitigating audit risk. Avalara integrates with booking platforms to provide a consistent rate, no matter how your customers make their reservation. “Avalara for Hospitality provides businesses with a technology solution to solve for an ongoing, complex, time-consuming compliance burden that diverts resources away from business-building activities,” said Oliver Hoare, general manager for Lodging at Avalara. “As hotels and resorts begin a return to full capacity, streamlining a host of back-office operations including the calculation, filing, and remittance of lodging, sales, and other taxes is essential to remaining competitive, mitigating current and future risk, and maintaining a laser focus on growth.” Avalara will continue to add new capabilities and functionality, including additional hospitality tax types, to upcoming releases of the Avalara for Hospitality solution. For additional information on Avalara for Hospitality, please click here .

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Research containing Avalara

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Avalara in 1 CB Insights research brief, most recently on Apr 29, 2021.

Expert Collections containing Avalara

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Avalara is included in 6 Expert Collections, including Smart Money VCs (2017-2019).

S

Smart Money VCs (2017-2019)

6,297 items

We crunched the data to identify the 24 VC firms with the best combination of portfolio valuations and investment outcomes.

R

Regtech

1,342 items

Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements in FIs. Regulatory technology helps FIs and regulators address challenges ranging from traditional compliance and risk management to data reporting and transmission.

F

Fintech 250

248 items

E

Enterprise SaaS

2,452 items

Software-as-a-service (SaaS) – internet based software offered as a subscription – continues to become the de facto standard for software distribution and consumption. Enterprise SaaS continues to show particular promise, emerging as one of the most well-funded categories. Startu

S

SMB Fintech

1,122 items

U

US-based SMB Fintech Companies

354 items

Avalara Patents

Avalara has filed 4 patents.

The 3 most popular patent topics include:

  • Banking technology
  • Business law
  • Certification marks
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Avalara Web Traffic

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