Avalara Recognized as a Leader in First IDC MarketScape Report on Global Tax Automation

SEATTLE–(BUSINESS WIRE)–Avalara,
Inc
. (NYSE:AVLR), a leading provider of tax compliance automation
software for businesses of all sizes, has been named as a Leader in the
IDC MarketScape: Worldwide SAAS and Cloud-Enabled Sales Tax and VAT
Automation Applications 2019 Vendor Assessment (doc #US43263718, January
2019). The report highlights an increase in business interest and need
for a tax automation solution to mitigate new compliance risks resulting
from a rapidly expanding global digital economy, new legislation across
the globe to capture new revenue from this digital transformation, and
enhanced indirect tax enforcement tactics.

The IDC MarketScape report is a guidance tool for businesses seeking to
digitize their tax compliance processes. The report suggests considering
Avalara when “your business is growing and encountering indirect tax
management challenges, such as navigating regulatory change, beginning
an omni-channel ecommerce strategy, facing new product expansion, or
selling in new geographic areas.”

The IDC MarketScape noted Avalara has “significant tax determination
coverage in 30 countries, with expanding coverage in 100+ others,”
bolstered by over 1,600 employees globally, with locations in North
America, Europe, South America, and Asia.

Meeting complexity with superior technology and data management

The new report cites the complexity of sales and use tax, and growth in
the digital economy as key factors for businesses seeking to automate
tax compliance processes. Avalara is a preeminent tax technology
provider delivering cloud-based solutions to automatically determine
taxability, identify applicable tax rates, calculate taxes, prepare and
file returns, remit taxes, and manage tax documents like exemption
certificates.

The IDC MarketScape analysts also noted the significant investments
Avalara continues to make in acquiring and ingesting industry-specific
content into its cloud-based tax engine, including the product
classification, rates, boundaries, and a host of other rules governing
the application of tax in thousands of jurisdictions.

Leveraging a 700+ partner ecosystem to deliver fully integrated
solutions to customers

The IDC MarketScape report emphasizes the power of partnership to
effectively deliver the right solutions to customers of all sizes, and
recognized the strategy undertaken by Avalara to rapidly build out its
ecosystem to more than 700 unique integrations into hundreds of business
systems, including accounting, ERP, ecommerce, point of sale, and
customer relationship management.

The IDC MarketScape noted, “Avalara has always understood that success
in the tax management software market is dependent on building
partnerships with publishers of all types of business applications.
Avalara has been aggressive about building out its ecosystem to include
key players within the enterprise resource planning, accounting, digital
commerce, point of sale, and customer relationship management markets.”

The impact of digital transformation and globalization on businesses is
an over-arching theme in our MarketScape report, and it’s driving a
shift in technology strategy and selection,” said Kevin Permenter,
senior analyst at IDC. “Avalara has spent years proactively bolstering
its tax compliance solution set in anticipation of the changing needs of
businesses today, whether it’s a home-based Amazon seller who wants to
sell globally, a mid-sized retailer selling online and in
brick-and-mortar stores, or a multinational enterprise with complex
global compliance needs. Our expectation is that Avalara will continue
to innovate, add new content to serve additional industries, and
leverage new partnerships to further international expansion.”

About Avalara

Avalara helps businesses of all sizes get tax compliance right. 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,
excise, communications, and other indirect tax types. Headquartered in
Seattle, Avalara has offices across the U.S. and around the world in the
U.K., Belgium, Brazil, and India. More information at avalara.com.

About IDC MarketScape

The IDC MarketScape vendor analysis model is designed to provide an
overview of the competitive fitness of ICT (information and
communications technology) suppliers in a given market. The research
methodology utilizes a rigorous scoring methodology based on both
qualitative and quantitative criteria that results in a single graphical
illustration of each vendor’s position within a given market. IDC
MarketScape provides a clear framework in which the product and service
offerings, capabilities and strategies, and current and future market
success factors of IT and telecommunications vendors can be meaningfully
compared. The framework also provides technology buyers with a
360-degree assessment of the strengths and weaknesses of current and
prospective vendors.

Contacts

Media
Jesse Hamlin
[email protected].com
518-281-0631

Investors
Kevin Faulkner
ICR, LLC
[email protected]
206-641-2425

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