ATLANTA, Nov. 28, 2017 /PRNewswire/ -- SaaSOptics, the only subscription management platform designed specifically for growing B2B SaaS and subscription-based businesses, announced today it has partnered with Avalara, a leading provider of tax compliance automation, to offer Avalara's AvaTax to SaaSOptics customers. The integration alleviates many of the sales tax challenges SaaS businesses face by making it easy to accurately calculate applicable taxes, fees and surcharges for every billing line item, in real-time.
"Although sales tax compliance is extremely complex for SaaS businesses, addressing it early on is critical," said Chris Weber, product manager at SaaSOptics. "As your business grows, so will your tax obligations and mismanagement can have huge implications. Our integration with Avalara takes the pain out of complicated tax compliance by automating tax calculation and estimation directly within the SaaSOptics platform, so you can manage the entire workflow from order to invoice, all in one place."
From automating order-to-cash and renewal processes, revenue recognition and deferred revenue to invoicing, payments, subscription metrics and revenue analytics, SaaSOptics is everything B2B SaaS and subscription-based businesses need to easily manage the entire subscription management lifecycle. SaaSOptics scales with a business, helping accelerate revenue generation and growth as it evolves.
Marshal Kushniruk, executive vice president of global business development at Avalara said, "SaaSOptics understands the unique needs of B2B SaaS businesses and reduces the complexity of managing finance operations with a subscription model. We are proud to offer accurate and efficient tax compliance solutions to our shared customers. SaaSOptics' integration with AvaTax is best-in-class and exceeds our expectations."
About SaaSOptics SaaSOptics is a complete B2B subscription management platform that provides subscription and order management, GAAP revenue recognition, e-invoicing and payments, financial reporting and robust subscription metrics and analytics. SaaSOptics is a cloud-based solution that enables emerging and growth subscription businesses to eliminate their dependency on spreadsheets and streamline their financial operations, reporting and performance metrics.
Unlike most subscription management providers, SaaSOptics is easy to use, very affordable and takes 1-4 weeks to implement. SaaSOptics serves over 360 customers worldwide managing over $2.2B in revenue. For more information, visit www.saasoptics.com.