The Avalara Netsuite partnership has been among the most talked about topics in recent times. This collaboration took place a while back and saw two leading firms join together to offer tax related service. Avalara, a renowned and respected leader when it comes to web based automated tax solutions officially joined NetSuite’s Cloud Developer Network. This basically meant that user’s interested in using the tax solutions offered by Avalara would be able to access the services via the Cloud Network owned by Netsuite. SuiteCloud Developer Network is a multi-layered program that assists independent software developer’s tap into the market.
About SuiteCloud
SuiteCloud is run and managed by NetSuite. This is Cloud computing Software Company that allows commercial and independent software developers to offer their services to the public. NetSuite is among the most used Enterprise Resource planning (ERP) software in the world. It provides a wide range of development tools as well as on-demand products and services. It also allows consumers access the product and services being offered by firms or individuals listed as members. Basically, it can be said to be a cloud based marketplace for developers and consumers. By using the Cloud, software developers are better equipped to penetrate the market particularly new markets.
About Avalara
Avalara evolved from an earlier firm known as Advantage, Inc. This company was founded by Rory Rawlings in 1999. It provided consultancy services on development as well as ERP implementations. Later on, in 2004, Jared Vogt and Scott McFarlane joined with Rory Rawlings and formed Avalara. The firm has offices in US (Seattle, California), Virginia, North Carolina, and India. Its services are also accessible from other regions such as Canada.The firm is well known for offering cloud based solutions to improve tax compliance as well as sales. One of its most popular products is Avatax which is used by more than 10,000 businesses in Canada, United States as well as in other regions globally. Records show that it handles sales tax calculations worth more than 100 Million US dollars annually.
How Does Avalara Netsuite Work?
Avalara is revered for being the pioneer of service based automated tax calculations. Since then, it has continued to be a dominant force in the market. The tax automation is used in Point of Sale (POS) ecommerce, financial as well as mobility applications in small, medium as well as large businesses. The main goal is to simply the indirect and complex tax management. Besides making them simpler, it also ensures that they are compliant with existing tax regulations. This is made possible by taking into account various tax laws that exist in different regions. It also entails seamlessly integrating over 200 businesses and accounting software programs.
Benefits of Avalara Netsuite
Versatility
The software is quite versatile. It will work in many different applications seamlessly. There is no need to modify it to suit a certain task. It works well in filing sales tax, point-of-sale, tax payment, as well as tax reconciliation. This ensures that any tax payments or returns are done on a timely basis hence minimizing the chances of error which may lead to tax penalties. Avalara Netsuite will seamlessly integrate with most of the systems in the market. The multi-tiered application will suite Customer Relationship Management (CRM), Ecommerce, Accounting, ERP, SaaS, POS and much more.
Compliance
One of the major headaches of tax computations is ensuring the calculations are compliant with the stipulated regulations. Unfortunately, the regulations keep on changing from time to time. Use of the wrong code may lead to being penalized. Avatax has taken into account the more than 14,000 tax jurisdictions that exist in the US alone. A team of individuals regularly update the information on the database. This is based on city, county, state, or any special case. A user will therefore rest easy knowing that the tax filing is compliant with the current jurisdiction.
Time and Cost Effectiveness
The combined resources from Netsuite’s SiteCloud and Avalara’s Avatax greatly improve efficiency. NetSuite provides real-time visibility for financial data. On the other hand, Avalara’s tax engine carries out the calculations promptly. This makes certain that all the tax figures will always be available online and in real-time. Furthermore, this concept reduces the cost associated with outsourcing tax services or employing in-house personnel to handle the matter. Therefore, a business stands to gain by lowering the costs as well as increase revenues in both short as well as in the long run.
Accuracy and Reliability
Besides being quite accurate, Avalara Netsuite is also prompt. It will reflect the sales tax on an invoice, sales slip, receipt, online shopping cart, or any other sales document in sub seconds. This process works in the background where it is protected by sophisticated firewalls as well as encrypted internet connections. Furthermore, setting up the program is easy and straightforward. Running it or using it does not require extensive knowledge on sales or taxation.
User-Friendly
AvaTax is quite user-friendly. It does not invade or interfere with the ERP, mCommerce, POS, eCommerce, or any other program. Therefore, the likelihood of interfering with accounting system integrity is minimized. The system also offers a number of solutions to suit the need at hand. AvaTax Returns helps you modify, edit, view or approve tax returns. AvaTax Certs helps a business manage exemption certificates for the customer. This takes place instantly, electronically and online. TrustFile provides an easy, convenient and inexpensive way of automating e-payment and filing of e-sales tax.
Since its inception, quite a number of users have embraced the service. Although it is mainly targeted at small and mid-size companies, fairly large firms are also using the services. Overtime, the tax related solutions have been improving for the better. This is evident from the positive comments furnished by contented customers. In addition, the reviews have also been encouraging. Users have praised the cloud software for offering timely solutions. Other users appreciate the fact that the program has taken into considerations different legal and tax regulations that exist within the region. If the current happenings are anything to by, then we can state that Avalara netsuite program is worth investing in.