Every manufacturer knows that managing tax compliance can be a headache—especially when you’re dealing with multiple states, countries, and ever-changing regulations. Add in managing exemption certificates, and it’s enough to slow down your business.
There’s an easy button to push here. Integrating Avalara with your Infor ERP takes the hassle out of sales tax calculations and keeps you compliant without needing to hire a whole new team. Here’s why it’s worth considering, which tools you’ll use, and where Avalara fits into your Infor ERP system.
Why integrate Avalara with Infor ERP?
Manufacturers who integrate these systems can:
- Simplify tax compliance
Tax compliance is tough, and it only gets tougher as you grow. Manufacturers spend countless hours every month manually calculating sales tax, and the costs add up fast. In fact, a recent study found that manufacturers shell out over $14,000 a month just to keep up with compliance. That’s time and money you could be spending on your employees, equipment, or new opportunities. Avalara automates tax calculations and filings, so you can cut down on errors and stop worrying about keeping up with state laws.
Related: 4 Options for Handling Tax Compliance in Your ERP
- Avoid audit risks
The last thing you want is a surprise audit, but they happen—often when you least expect it. Stay ahead of that stress by automating the most error-prone parts of tax compliance, like calculating taxes across multiple jurisdictions and managing exemption certificates. With automated tracking and real-time data, Avalara minimizes the chances of mistakes, saving you from penalties down the road.
- Prepare for nexus challenges
Economic nexus laws have complicated things for manufacturers. In simple terms, if you’re shipping into states where you don’t have a physical presence but hit a sales threshold, you’re on the hook for collecting and filing taxes in that state. This can become a nightmare if you’re tracking it manually. Avalara tracks your sales in real time and alerts you when you’ve crossed a nexus threshold, so you’re always compliant.
Which Avalara tools integrate with Infor ERP?
Three Avalara tools seamlessly plug into Infor CloudSuite Industrial (SyteLine) and other Infor platforms:
- AvaTax for real-time calculations
One of Avalara’s most powerful tools is AvaTax. This cloud-based solution performs real-time calculations for sales and use taxes, as well as specialty taxes such as VAT, GST, excise tax, lodging tax, communications tax, and more. It covers over 13,000 tax jurisdictions, meaning you’ll never need to manually input or update tax rates again. Everything happens behind the scenes, and you get accurate results every time.
- CertCapture for exemption certificate management
Dealing with tax-exempt sales? Avalara’s CertCapture tool automates exemption certificate management, storing and validating certificates at the point of sale. No more digging through paperwork during an audit. CertCapture keeps track of expirations, renewals, and updates—so you can focus on running your business instead of babysitting tax documents.
- Returns for automated filing across states and countries
Avalara’s Returns tool automates the filing process, consolidating your tax data and ensuring you meet deadlines for every jurisdiction you do business in. It’s fully integrated with Infor, so the system pulls data automatically and files returns for you. No more manual uploads, and Avalara even makes tax payments on your behalf.
Where to implement Avalara in your Infor ERP system
An Avalara integration can enhance and expand your Infor ERP functionality to help your business in several ways:
- Sales and use tax automation
Avalara automates sales tax calculations for all your sales—online, in-store, or across borders. This is especially useful for manufacturers with complex sales channels, allowing you to apply the correct tax rate without sifting through spreadsheets or government websites.
- Nexus tracking and compliance
If you’re shipping products across state lines, you know how tricky nexus laws can be. Avalara tracks where you meet economic nexus thresholds and keeps you compliant by automatically starting the tax collection and filing processes. You don’t have to keep an eye on every state—it’s automatically done for you.
- International sales compliance
If your business is global, Avalara helps you handle cross-border compliance, including VAT, GST, and customs duties. Infor’s integration with Avalara ensures you’re ready to handle international sales and simplifies multi-country sales tax management, so you don’t need a tax expert on staff to stay compliant.
Manage taxes right from your ERP
Tax compliance is a part of doing business, but it doesn’t have to be a drain on your time or money. Integrating Avalara with Infor ERP helps you automate everything from tax calculations to exemption management and filing returns, allowing you to focus on your people and operations. If you’re tired of manually keeping up with tax regulations, Avalara is the tool that will lighten the load and keep you compliant across the board.
For more information, visit Avalara for Infor.