Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.


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.”

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.