Tax compliance automation software provider Avalara has extended its partnership with Oracle to develop a swift, effortless, precise, and automated touchless tax compliance experience in Oracle Fusion Cloud enterprise resource planning (ERP).
By embedding Avalara in Oracle Cloud ERP, the parties aim to eliminate manual indirect tax setup, configuration, calculations, and complexities from every transaction.
This will help businesses to save valuable time and reduce their overall risk of calculating taxes incorrectly or filing incorrect returns, said Avalara.
Avalara and Oracle started their collaboration in 2013 to remove the complications of tax compliance as well as to support growing enterprises by automating mandatory regulatory obligations.
Oracle applications development executive vice president Rondy Ng said: “Working closely with Avalara will enable us to remove unnecessary friction and inefficiencies in tax compliance by automating tax processes for our joint customers.
“With Oracle Cloud ERP, organisations can embrace automation and continuous innovation to increase productivity, reduce costs, and improve controls.”
According to Avalara, clients will be able to integrate core parts of the company’s offering within hours with the help of Oracle Cloud ERP, thereby cutting implementation time by weeks.
Besides, a single Oracle Cloud ERP integration offers access to critical compliance capabilities, including tax calculations and reporting.
Customers will have access to additional compliance solutions such as exemption certificate management, cross-border compliance, e-invoicing, business licensing, and others.
Furthermore, the Oracle Cloud ERP integration provides clients with seamless access to Avalara’s artificial intelligence (AI)-driven compliance solutions to improve the product experience and optimise tax management.
Avalara indirect tax executive vice president and general manager Jayme Fishman said: “Avalara aspires to be part of every transaction in the world with our global compliance platform.
”We’re getting there more rapidly thanks to collaborators like Oracle who are integrating our solutions to simplify the most complex processes of every sale or purchase transaction — calculating taxes and filing the returns.”
