Financial applications are evolving rapidly as vendors invest in bolstering, augmenting, and redesigning their sale tax automation applications. It’s important for end users to understand how vendors and solutions are positioned now and in the future.
This 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 e-commerce strategy, facing new product expansion, or selling in new geographic areas.”