Simplifies product classification and taxability determinations.
Seattle-based Avalara Inc., a leading provider of cloud-based tax compliance automation for businesses of all sizes, is rolling out an artificial intelligence-based tax classification tool, designed to cut the time spent by Avalara AvaTax users classifying products and taxability.
“The accurate classification of products and services has always been a bottleneck for customers in their tax compliance journey,” said Sanjay Parthasarathy, chief product officer at Avalara. “By harnessing the power of AI and machine learning, we have not only accelerated the classification process by providing a solution that helps users arrive at the right tax classification quickly and efficiently without being a tax expert, but we have also made it more accurate.”
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