Omnichannel Payment Platform Adds Automated Tax Compliance to Innovative Ecommerce Service
Avalara, Inc., a leading provider of cloud-based software that delivers a broad array of compliance solutions related to VAT, sales tax and other transactional taxes announced that industry-leading payments platform provider Zoozhas joined its community of certified solution partners. Avalara’s solution partners are software publishers that integrate Avalara’s software-as-a-service (SaaS) offering for compliance management directly into their own applications.
As a result of this strategic and technical partnership, Zooz customers can now use Avalara AvaTax™ from within the Zooz payment platform to automatically manage their transaction tax compliance. Avalara’s service allows businesses of all sizes to stay current with constantly changing tax rates and rules, taking the complexity away from merchants using the Zooz payment platform and helping them focus on their core offering.
“Transaction tax compliance can be extremely difficult to manage, especially given the different compliance rules worldwide,” said Nathan Jackson, VP Europe at Zooz. “We are pleased to provide our online merchants with Avalara’s automated tax software for efficient calculations, compliance and reporting.”
WANT TO BUILD A FINANCIAL EMPIRE?
Subscribe to the Global Banking & Finance Review Newsletter for FREE Get Access to Exclusive Reports to Save Time & Money
By using this form you agree with the storage and handling of your data by this website. We Will Not Spam, Rent, or Sell Your Information.
Kevin Boland, VP Global Business Development at Avalara said, “Managing transactional taxes can be a burden on both finances and time. Avalara’s advanced technology and deep stores of statutory tax content will enable Zooz’s merchants to automate indirect tax and compliance processes in a fast, easy and cost effective way. We are pleased to welcome Zooz into our community and are excited about supporting its expanding global presence while removing complexities for its customers.”
Zooz’s payments platform offers merchants the flexibility to connect with multiple financial institutions, seamlessly integrate acquirers, e-wallets and alternative payment methods, and intelligently route transactions between acquirers. Its proprietary algorithms reduce decline rates and lower transaction costs by cutting cross-border fees and currency conversion costs.
Avalara’s indirect tax compliance solutions provide businesses with a single user-friendly platform to manage key governmental compliance obligations, including tax determination, exemption certificate management and tax return preparation, filing and remittance. It serves tens of thousands of businesses globally and supports over 100 countries worldwide.