DURHAM, N.C., Sept. 23, 2024 /PRNewswire/ -- Avalara,
Inc., a leading provider of tax compliance automation software for
businesses of all sizes, today announced that after a thorough
evaluation of Avalara's strategies and capabilities, the company
has been positioned in the Leaders Category in the IDC
MarketScape: European Compliant e-Invoicing Solutions 2024 Vendor
Assessment (doc #EUR151806424, September
2024).
"Avalara has an unwavering commitment to help organizations with
their e-invoicing compliance needs today and into the future," said
Jayme Fishman, Chief Strategy and
Product Officer at Avalara. "As the e-invoicing market
grows, we're continuously innovating and investing in solutions
that scale with businesses every step of the way, meeting their
regulatory needs with different modes of e-invoicing, from simple
e-invoice transmission via an open network such as Peppol, to
complex workflows and models, including pre-clearance and real-time
reporting to tax authorities."
Avalara E-Invoicing and Live Reporting (ELR) enables
businesses to leverage a single API to exchange e-invoices and
report data in real-time across various platforms and exchange
networks and comply with country-specific mandates. Avalara ELR
integrates into ERP and accounting software, ecommerce platforms,
and other business systems via a single open API. This allows
businesses to stay in compliance while exchanging invoices
electronically on a regional or global basis.
"The complexity and volatility of e-invoicing regulations
worldwide demand a single, comprehensive solution that can handle
compliance across multiple countries," said Edyta Kosowska, Program Manager at IDC. "By
adopting a solution that has wide coverage and integrates
seamlessly with finance and ERP systems, businesses can not only
stay compliant but also unlock opportunities to automate processes
and improve efficiency. Avalara ELR offers a way for organizations
to reduce the burden of e-invoicing compliance while streamlining
their operations through one unified platform."
This recognition comes after Avalara was named a Leader in
three previous IDC MarketScape reports:
- IDC MarketScape: Worldwide SaaS and Cloud-Enabled Sales and Use
Tax Automation Software for Small and Midsize Businesses 2021
Vendor Assessment (doc #US47987521, October
2021).
- IDC MarketScape: Worldwide SaaS and Cloud-Enabled Sales and Use
Tax Automation Software for Enterprise 2021 Vendor Assessment (doc
#US47987421, October 2021).
- IDC MarketScape: Worldwide SaaS and Cloud Value-Added Tax
Software 2021 Vendor Assessment (doc #US47987321, October 2021).
About Avalara
Avalara makes tax compliance faster,
easier, more accurate, reliable, and valuable for 41,000+ business
and government customers in over 75 countries. Tax compliance
automation software solutions from Avalara leverage 1,200+ signed
partner integrations across leading ecommerce, ERP, and other
billing systems to power tax calculations, document management, tax
return filing, and tax content access.
Visit avalara.com to improve your compliance journey.
About IDC MarketScape
IDC MarketScape vendor
assessment model is designed to provide an overview of the
competitive fitness of technology and service suppliers in a given
market. The research utilizes a rigorous scoring methodology based
on both qualitative and quantitative criteria that results in a
single graphical illustration of each supplier's position within a
given market. IDC MarketScape provides a clear framework in which
the product and service offerings, capabilities and strategies, and
current and future market success factors of technology suppliers
can be meaningfully compared. The framework also provides
technology buyers with a 360-degree assessment of the strengths and
weaknesses of current and prospective suppliers.
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