Compliance management Fintech News

Avalara to Deliver Fully Embedded, Automated Sales Tax Compliance Tool to Small Businesses Within the Clover Platform

Avalara to Deliver Fully Embedded, Automated Sales Tax Compliance Tool to Small Businesses Within the Clover Platform

New integration brings seamless access to daily tax set-aside, real-time tracking, and guaranteed filing and remittance

Avalara, Inc., the agentic tax and compliance leader, announced a new embedded integration with Clover, the all-in-one commerce solution from Fiserv, a leading global provider of payments and financial services technology. The new integration will deliver a fully automated sales tax compliance tool directly within the Clover platform, simplifying one of the most complex and time-consuming aspects of running a small business.

Powered by DAVO by Avalara, the solution will embed sales tax automation natively into Clover’s POS system. Merchants can automatically set aside sales tax daily, track their obligations in real time, and have returns filed, and taxes remitted on their behalf, all within the system they already use to run their business.

“Avalara’s goal is to make tax compliance as seamless and invisible as possible for merchants,” said Evan Wright, GM of ATR, AI Content Solutions, and DAVO by Avalara. “By embedding our technology directly into Clover, we’re helping businesses more easily manage complex tax requirements so they can focus on other areas of their business.”

Merchants will also be able to automatically update sales tax rates within Clover using Avalara’s trusted tax content, ensuring accuracy as rates and rules change while reducing manual effort and the risk of costly errors.

Read More on Fintech : Global Fintech Interview with Baran Ozkan, co-founder & CEO of Flagright

“Together with Avalara, we’re simplifying sales tax compliance for Clover merchants, delivering automated sales tax compliance, reducing complexity and administrative work,” said Will Karczewski, Senior Vice President and Global General Manager for Clover at Fiserv. “By easing this burden, we’re helping small business owners spend more time on their customers and growing their business.”

A key differentiator of the integration is automated daily sales tax set-aside. By separating tax funds from operating revenue, the solution eliminates the risk of mixing sales tax dollars with working capital and helps protect merchant cash flow. Funds are held securely in DAVO’s holding account, and when taxes are due, DAVO files and remits on the merchant’s behalf on time and in full, guaranteed.

This new embedded tax offering will launch later this year, and Avalara and Clover will continue to collaborate in future phases to include additional compliance capabilities, such as business license guidance and filing services.

Catch more Fintech Insights : Real-Time Payments and the Redefinition Of Global Liquidity

[To share your insights with us, please write to psen@itechseries.com ]

Related posts

DeFi Technologies Announces Launch of Solana Validator Node to Participate in Network Governance and Staking

Fintech News Desk

BankUnited Hires General Counsel

Fintech News Desk

Dequency Executes First-Ever Music Synchronization License Smart Contract on the Algorand Blockchain

Fintech News Desk
1