Avalara Managed Tax Category Classification Simplifies Product Classifications and Taxability Determinations for Businesses
Avalara, Inc. (AVLR)
Last avalara, inc. earnings: 2/12 04:10 pm
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Source: Business Wire
SEATTLE--(BUSINESS WIRE)--Avalara, Inc. (NYSE: AVLR), a leading provider of cloud-based tax compliance automation for businesses of all sizes, today announced Avalara Managed Tax Category Classification, an artificial intelligence-based, self-service tool paired with assisted classification services to allow businesses to efficiently classify their products and services to tax categories — regardless of the size of their product catalogs. Avalara Managed Tax Category Classification will generate classification decisions and aid in state and local taxability determinations for businesses’ U.S. product catalogs.“Today, the classification of product catalogs to correct tax codes can be an onerous and time-consuming process — especially for businesses with large catalogs,” said Kevin Permenter, research manager at IDC. “By applying AI and machine learning to the classification process, businesses stand to save time and money, while also improving the accuracy of their determinations.”
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