The best part of AvaTax is that it can be seamlessly integrated into existing NetSuite ERP or ecommerce functions. It provides all the SaaS functionalities that NetSuite users have come to expect.
Over 30,000 organizations around the world have used NetSuite, the world's no.1 cloud business software suite, to integrate their ERP, financials, CRM, and ecommerce business functions on one platform. Yet, although they have streamlined the above elements of their business, when it comes to taxation and tax compliance, several organizations still struggle to make sense of varying sales tax rates, regulation, rules, deadlines, penalties, etc. This lack of clarity can consume large chunks of time and internal resources that could be used more productively elsewhere. Also, it could result in expensive audits and setbacks to the reputation of the company.
To address this problem NetSuite has teamed up with Avalara to present an automated taxation solution that can effortlessly be incorporated into the NetSuite system. AvaTaxis Avalara’s cloud-based sales tax automation softwarewith advanced features and easy usability. Let us take a look at how this partnership between NetSuite and Avalara brings a lot of ease and peace of mind to small and medium business owners.
2. Reduced Risk of Missing Regulatory Rule Changes: With thousands of tax jurisdictions in the US, businesses that have customers in other jurisdictions can find calculating sales tax and keeping track of tax policies, rule changes etc. daunting. Automation of this process with AvaTax takes care of all such changes, reducing time taken as well as chances of miscalculations.
3. Elimination of Manual Processes: Using ZIP codes for figuring out local sales tax rates was the old-fashioned (and error-prone) way. With AvaTax’s modern geo-location technology, it is easy to get precise jurisdictional sales tax rates, thus reducing chances of costly human errors.
4. Diminished Danger of Audit (penalties): During manual filing, it is possible to erroneously club disparate categories of taxes together: e.g. bundling together dissimilar products and services. This could cause complications not only for customers but also with auditors.
5. Simplification of Complex Regulations: There is significant confusion and ambiguity with regard to nexus in different states of the US. The intimidating chore of determining nexus in a state can be eliminated with the help of AvaTax.
For small and medium businesses, the NetSuite users of Avalara’sAvaTax vouch for the peace of mind and security that it provides them. Many users claim to save over 50% of their employees’ time after delegating their tax filing process to AvaTax – time that could be better focused on other jobs. Here are a few of the most common reasons for NetSuite users to love AvaTax:
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