Avalara Launches AI-Powered Intelligent Tax Classification Platform
Avalara has announced the launch of Avalara Intelligent Tax Classification (AITC), an AI-driven platform designed to automate the mapping of product catalogs to tax and compliance codes. The solution utilizes an engine trained on over 3 billion items across 8,000 brands to provide accurate, confidence-scored recommendations for SKU categorization. The platform addresses the labor-intensive nature of indirect tax compliance by offering three delivery modes: a self-service portal, a REST API for automated bulk processing, and managed services utilizing Avalara's human experts. This multi-modal approach aims to reduce manual errors in high-volume catalogs and provide robust audit trails through timestamped review logs. AITC is designed to integrate with existing ERP, ecommerce, and PIM systems via API. While it currently supports Avalara tax codes, the company plans to expand capabilities to include Harmonized System (HS) Codes for cross-border trade, Amazon Product Tax Codes, and other major taxonomies.
Tickers: $AVAL
Topics: Artificial Intelligence Automation SaaS Product Launch Tax Compliance
Read the full article at PR Newswire
Part of the story Livmor Launches Private Preview of AI-Powered Medicare Advantage Market Intelligence Platform (2 articles)