Avalara's TEI Study Shows Businesses Achieve High ROI with Compliance Automation
A new Total Economic Impact™ (TEI) study by Forrester Consulting, commissioned by Avalara, Inc., found that a composite customer achieved a 322% return on investment over three years. The organization realized $1.2 million in benefits and $881,000 in net present value during this period, with the payback occurring within six months of implementation. The study highlights how Avalara's compliance automation solutions helped businesses reduce manual processes related to tax calculation, filing, exemptions, 1099/W-9 forms, and VAT reporting. These improvements led to greater accuracy, reduced labor costs, fewer audit risks, and significant savings in third-party service fees. The findings underscore the growing need for automated systems as regulatory complexity increases. Avalara's AI-driven platform integrates with existing ERP systems, enabling businesses to manage compliance more efficiently while scaling operations. Jayme Fishman, Chief Strategy and Product Officer at Avalara, emphasized that these results demonstrate a strong financial advantage of adopting automation in tax and compliance processes.
Topics: compliance automation ROI tax technology