- Avalara and KPMG have formed a strategic alliance to enhance tax compliance automation.
- The partnership combines Avalara’s technology in indirect tax calculations and compliance with KPMG’s tax advisory and ERP implementation expertise.
- The alliance aims to address the complexities of indirect tax compliance through AI-infused automation and expert consulting.
- The collaboration seeks to support digital transformation, improve operational efficiency, and provide competitive advantages to enterprises.
- The joint effort will help businesses manage tax compliance more effectively, reduce manual processes, and gain valuable insights.
Main AI News:
Avalara, Inc., renowned for its tax compliance automation software, has announced a significant strategic alliance with KPMG LLP, a global leader in audit, tax, and advisory services. This collaboration is designed to provide comprehensive value to enterprises by combining Avalara’s advanced tax compliance technology—including indirect tax calculations, returns management, exemption certificate handling, cross-border compliance, e-invoicing, and registrations—with KPMG’s extensive expertise in tax advisory and ERP implementation.
The alliance addresses the growing complexity and demands of indirect tax compliance, offering clients cutting-edge AI-driven automation solutions alongside KPMG’s expert consulting and modernization services. “As organizations face increasing challenges in indirect tax compliance, our partnership with KPMG brings together state-of-the-art AI-infused technology with top-tier advisory support,” remarked Meg Higgins, SVP of Global Partners at Avalara. This collaboration is set to support businesses in navigating the evolving tax landscape, achieving digital transformation, and gaining a competitive edge.
In light of the escalating demands for efficient tax compliance management, businesses need to partner with leaders capable of delivering agile and cost-effective solutions. Avalara and KPMG are poised to help clients manage change, reduce manual processes, enhance tax calculation accuracy, and gain valuable insights—all while mitigating risks and boosting operational efficiency. Joni Johnson-Powe, Tax Partner and Indirect Tax Technology Leader at KPMG, emphasized the importance of modernization in tax compliance, stating, “Our alliance with Avalara enables clients to benefit from our comprehensive advisory services combined with Avalara’s industry-leading automation technology.”
Conclusion:
The strategic alliance between KPMG and Avalara signifies a notable shift in the tax compliance market, highlighting a growing demand for integrated, AI-driven solutions that enhance efficiency and accuracy. This partnership leverages advanced automation technology and expert advisory services to address the increasing complexity of global tax regulations. As businesses strive to adapt to rapidly changing tax landscapes, this collaboration provides a comprehensive solution that promises to improve operational agility, reduce compliance risks, and support digital transformation initiatives. The move underscores the importance of combining technological innovation with professional expertise to meet the evolving needs of enterprises.
