Not content to help small and medium sized e-commerce merchants cope with the complexities of the sales tax code, Avalara has unveiled a new solution, Avalara LandedCost that helps these same merchants see the costs of their global e-commerce transactions in real-time.
Avalara head of product Webb Stevens said: “As e-merchants expand to meet demand, they encounter significant complexities in managing global compliance in real-time. Now, for the first time, Avalara LandedCost enables small and mid-market e-merchants to calculate taxes and duties in the real-time ‘magic moment’ of e-commerce.”
Pictured: Avalara Senior Manager for Developer Relations, Loke Uei Tan demonstrating Avalara’s cloud-based sales tax automation technology at FinDEVr San Francisco 2015.
Avalara co-founder and CEO Scott McFarlane called Landed Cost a major part of its strategy to “enable commerce without borders” to all e-merchants regardless of size. “We believe Avalara LandedCost will help merchants mitigate international compliance complexity, reduce the risk of tax miscalculations, resulting in fines and penalties, and avoid potential inventory losses or write-offs,” McFarlane said.
Avalara Landed Cost integrates with merchant’s shopping cart software via API, providing automated, cloud-based calculation of duty rates and country-specific tariff codes for any product. The LandedCost homepage also features a free product classification tool, still in beta, that currently provides automated product classification for apparel and footwear in the U.S. and E.U.
Recent headlines for Avalara include the company’s partnership with open source billing and payments platform, Kill Bill, in December, the launch of its “Sales Tax Accuracy Guarantee” in October and, last summer, the integration of its solution with Stripe. Wealthfront named Avalara to its “Career-Launching Companies List,” along with fellow alums App Annie, Credit Karma, and Twilio.
Founded in 2004 and headquartered in Seattle, Avalara presented its transactional sales tax API at FinDEVr San Francisco 2015. The company has offices in London, and Pune, India.