Tax Compliance Simplified for Property Preservation Specialists Thanks to Verisk, Avalara Integration
August 23 2021 - 8:00AM
Verisk (Nasdaq:VRSK), a leading global provider of predictive
analytics and decision-support solutions, and Avalara (NYSE:
AVLR), a leading provider of tax compliance automation for
businesses of all sizes, today announced an integration that can
significantly streamline tax compliance workflows for property
preservation specialists.
The integration with Avalara’s AvaTax solution allows property
preservation professionals to calculate sales and use tax in real
time within Property Pres Wizard, a robust work order management
solution developed by Verisk’s Xactware business. With this
enhanced capability, property preservation specialists will be able
to calculate sales tax quickly, efficiently and more
accurately.
"Managing sales tax can be an exceptionally time-consuming
task,” Xactware President Mike Fulton said. “Verisk’s Xactware
integration with Avalara is helping our customers spend less time
managing tax compliance and more time focused on growing their
businesses.”
Verisk is now Avalara Certified, which means the
company meets or exceeds a series of criteria developed by Avalara
to ensure the connector's performance and reliability, thereby
helping mutual customers benefit from a seamless experience with
Avalara's tax compliance solutions.
“Verisk understands the needs of its customers, and Property
Pres Wizard helps reduce complexity for their customers in many
ways,” said Greg Chapman, senior vice president of partner
management at Avalara. “We understand that digitization of business
processes is not an option, it is essential; we are proud to offer
fast, accurate, and easy tax compliance solutions to our shared
customers."
Xactware provides computer software solutions for
professionals involved in estimating all phases of building and
repair. Thanks to a longstanding commitment to invest in research
and development, Xactware solutions are used by many of the top
property insurance companies and repair contractors in the United
States and Canada.
To learn more, visit Verisk.com or Avalara.com.
About Verisk
Verisk (Nasdaq:VRSK) provides predictive analytics and decision
support solutions to customers in the insurance, energy and
specialized markets, and financial services industries. More than
70 percent of the FORTUNE 100 relies on the company’s advanced
technologies to manage risks, make better decisions and improve
operating efficiency. The company’s analytic solutions address
insurance underwriting and claims, fraud, regulatory compliance,
natural resources, catastrophes, economic forecasting, geopolitical
risks, as well as environmental, social and governance (ESG)
matters. Celebrating its 50th anniversary, the company continues to
make the world better, safer and stronger, and fosters an inclusive
and diverse culture where all team members feel they belong. With
more than 100 offices in nearly 35 countries, Verisk consistently
earns certification by Great Place to Work. For more: Verisk.com,
LinkedIn, Twitter, Facebook and YouTube.
About Avalara, Inc.
Avalara helps businesses of all sizes get tax compliance right.
In partnership with leading ERP, accounting, ecommerce, and other
financial management system providers, Avalara delivers cloud-based
compliance solutions for various transaction taxes, including sales
and use, VAT, GST, excise, communications, lodging, and other
indirect tax types. Headquartered in Seattle, Avalara has offices
across the U.S. and around the world in Brazil, Europe, and India.
More information at avalara.com.
Media Contact
Michelle Pantina
551-500-7327
michelle.pantina@verisk.com
Verisk Analytics (NASDAQ:VRSK)
Historical Stock Chart
From Aug 2024 to Sep 2024
Verisk Analytics (NASDAQ:VRSK)
Historical Stock Chart
From Sep 2023 to Sep 2024