SaaS-based sales tax automation service provider Avalara has released the latest version of its AvaTax service, which includes features for calculating, collecting, reporting and remitting sales taxes in multiple jurisdictions.
The latest version of AvaTax includes Avalara’s new geo-location engine, which determines the exact location within a sales tax jurisdiction and allows for end-to-end control of tax region data. The new AvaTax also addresses an accuracy gap in current sales tax calculation technology—the fact that a zip code or even a U.S. postal address is often not enough information to make an accurate sales tax jurisdiction assessment. The AvaTax geo-location engine uses latitude and longitude coordinates passed into a mapping engine that includes more than 11,000 taxing jurisdictions nationwide.
Avalara’s geo-location engine technology also supports a new range of use cases where an address is not available, such as construction sites or wherever an address has not yet been established.
“Avalara is proud to release this latest version of AvaTax to our valued customers, and to continue to develop and deploy next-generation technologies like the new geo-location engine,” said Avalara chief executive Scott McFarlane. “We will continue to blow past existing performance standards across every mission-critical aspect of transactional tax compliance and provide businesses of all kinds with the ability to calculate, file, and remit sales tax in any environment with the highest level of confidence.”
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