Technology Record - Issue 29: Summer 2023

47 for the compliance of the future. We have cloud-based solutions that are designed to address every step of the compliance journey, including next-generation digital tax policies, like e-invoicing and live reporting. We also use the best of emerging technologies, including artificial intelligence, machine learning, optical character recognition and robotic process automation, to source and maintain up-todate tax rates and rules, which will become even more critical as tax reporting becomes more real time in the future. Using leading technology platforms, like Microsoft Dynamics 365, to power your business in tandem with powerful tax integrations will be critical to success as tax becomes more digital. Our integrations with Microsoft Dynamics help address the growing tax pain for businesses today. The Dynamics 365 framework supports many types of indirect taxes, including sales and use tax, value-added tax, communications tax, and more. For example, we provide enhanced tax determination and calculation capabilities to Dynamics 365 customers to increase the accuracy on every transaction in real-time. We know that our digital economy is pushing us towards real-time compliance. The rise of e-invoicing and other legislative moves to bring tax closer to the transaction are clear evidence of this shift. At Avalara, we’re developing application programming interface-driven tools that make it possible for us to get the right tax data, in the right format, through the right network, to the right tax authority without a business needing to think about how it happens. And, as compliance becomes a digital-first and continuous process, technology that can enable the movement of data and tax funds will no longer be an option, but a requirement. By combining our solutions with Microsoft Dynamics 365, Avalara can provide organisations with a full suite of tax compliance management solutions, enabling them to meet current tax requirements and easily update their systems as these rules evolve in future. Liz Armbruester is executive vice president of customer and compliance operations at Avalara “ Our digital economy is pushing us towards real-time compliance” Photo: iStock/alvarez

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