Top 10 Tax Tech Solution Companies - 2020

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Introducing Technology to Manage Increasing Tax Compliance

Top 10 Tax Tech Solution Companies - 2020

In the last couple of years, waves of digitalization and technological infusion have altered the entire financial services realm, primarily the taxation domain. Sophisticated technologies like AI, ML, cloud, blockchain, and others have eradicated manual processes, making taxation procedures operationally efficient and cost-effective. Today, the incorporation of software services for accounting and taxation allows for digital entries and record-keeping in real-time. Besides, automating the taxation records removes redundancies, repetitive errors, and eradicates the need for unnecessary human intervention. Furthermore, several organizations are using big data, machine learning, and AI to properly analyze the colossal volumes of data gathered across multiple parameters. It also helps industry leaders to scrutinize static input data and enables them to assess dynamic taxation information. In addition, the use of cloud-based tools is improving transparency of processes, investments, and strategies and thereby paving the way for real-time collaboration among organizations and their clients.

Keeping in mind such drastic transitions, we have compiled this issue of CFOTechOutlook in order to assist organizations in the task of finding accomplished solution providers and consulting/services companies to help them navigate the tax techrealm. In this edition, we have listed top 10 tax tech solution providers 2020 and top 10 tax tech consulting/service companies 2020 to highlight the enterprises that can escalate the chances of your growth. Equipped with innovative technological capabilities, these enlisted solution providers and consulting/services companies are transforming the tax techparadigm at the cloverleaf of various disruptive technologies. Besides, the magazine comprises insights from subject-matter experts, CIOs, and CXOs in the tax tech on the latest industry trends, best practices, recent innovations, and highlights their expertise. We hope this issue of CFO Tech Outlook helps you build the partnership you and your organization need to foster an environment driven by robust and efficient technology.

We present to you CFO Tech Outlook’s “Top 10 Tax Tech Solution Providers - 2020.”

Top 10 Tax Tech Solution Companies - 2020 Top 10 Tax Tech Consulting/Service Companies - 2020

Top Tax Tech Solution Companies

Aatrix Software

Aatrix Software

Provides eFiling solutions that empower citizens to carry out payroll reporting functions with ease

Dynamic Tax Solutions

Dynamic Tax Solutions

Dynamic Tax Solutions offers a unique service that enables mid to large sized companies to regularly identify and correct purchase-side transaction tax errors. Enrolled companies virtually eliminate the need for future reverse audits, streamline their monthly compliance, and/or stop paying large amounts of audit interest and penalties. Furthermore, each company is provided a private and secure data warehouse that automatically stores information for audit and compliance purposes. Every company struggles with the same two challenges – the lack of proper visibility into the details that drive accurate tax decisions, and the lack of an efficient process to enable the sheer volume of transactions to be reviewed and corrected as necessary. DTS built TaxView, a unique combination of smart technology and smart services, which overcomes these challenges

Orbitax

Orbitax

Orbitax is committed to providing high value, low cost tax research, management, and planning solutions by combining technology with tax expertise to deliver optimal international tax solutions. It delivers the extensive international tax practice experience of Orbitax team members and partners through easy-to-use software. The company's tools are designed to help expert users by reducing time/effort on repetitive, routine tasks, carry out exhaustive research, use templates of tried and tested tax strategies and explore scenarios, enabling large productivity gains. Orbitax introduces users to each product category through online tools accessible through tax content portals traditionally used by tax professionals. Orbitax also develops ancillary tools to help users derive better value from the tax content and software they already own

PTX Tech

PTX Tech

The property tax process is paper-based and heavily relies on time consuming, clerical tasks. PTX helps overcome the property tax paper problem by eliminating those inefficiencies. It's products turn property tax into a value-driver for your company by digitizing the property tax process and alleviating bottlenecks in your system. It has developed and evolved a suite of products to capture and utilize that data and fuel your property tax process throughout the year—from appealing assessments and avoiding penalties to budgeting and forecasting for the year ahead. It provides full assessment or tax rolls for a given jurisdiction to enhance your property tax process and ensure values are up to date throughout the year

Rethink Solutions

Rethink Solutions

Rethink Solutions Inc. (RSI) is an industry leading developer and vendor of web based, real estate asset management solutions in the areas of property tax and assessment, occupancy cost, and insurance. RSI has been proudly serving clients since 2001 and continues to be a market leader with a client base that includes many of the Fortune 500. Their continued success is derived from their long term cooperation with the world’s leading businesses. They work closely with their clients and their unique portfolios in order to offer a proactive partnership which assists us with future development, new system features, reports, integrations and flexible customization options to create solutions tailored specifically for their clients

Revenue Solutions, Inc

Revenue Solutions, Inc

RSI’s corporate mission is to streamline government operations and improve citizen services through the delivery of transformative technologies. RSI partners with clients on IT initiatives to improve customer service, increase operational efficiency and maximize compliance. With a dedicated team of full-time business and information systems consultants and a suite of software solutions, RSI is one of the largest organizations of its kind dedicated exclusively to Revenue, Labor and Child Support agencies. RSI goal is to provide unparalleled IT consulting services to clients, employees environment operate in a dynamic, small company where creative thinking and entrepreneurship are highly valued

Taxamo

Taxamo

Taxamo is a technology company revolutionizing tax management for businesses selling online. It's solutions cover VAT, GST, and US sales tax, and are tailored to individual business needs. The experts are dedicated to resolving the complex issues of global VAT/GST compliance on digital service sales for enterprise-level businesses. Taxamo takes the liability for digital businesses’ international VAT/GST obligations in global markets so businesses do not have to collect, register, file, and settle VAT/GST in various countries. It is through a partnership approach that Taxamo can offer a unique service whereby businesses’ global VAT/GST liabilities are entrusted to Taxamo to be settled in each jurisdiction in their local currencies. The Taxamo commercial model saves the clients up to 40% of their global VAT/GST compliance costs when compared to managing the process in-house

Taxback International

Taxback International

Taxback International provides VAT Recovery services on T&E expenses (corporate travel). The company has developed industry leading technology combined with expert VAT knowledge to provide best-in-class solutions to corporate businesses of all sizes at a global level. Global VAT expert’s are committed to providing their clients with quality of service in smarter VAT solutions since 1996. It offers simple solutions aiming to make life easier for clients. Provides secure cutting edge technology that ensures fast account setup, simple transfer of receipts and an easy overview of your VAT returns, leaving more time for you to take care of business

TaxJar

TaxJar

TaxJar is the leading technology solution for busy eCommerce sellers to manage sales tax and is trusted by more than 20,000 businesses and developers. It helps eCommerce merchants spend less time on sales tax and more time growing the businesses they love. It is passionate about creating simple solutions and leveraging technology to solve complicated sales tax issues. It has built a team based on trust, that endeavors to maximize our team members’ individual talents so our workplace creates a sense of meaning and belonging for everyone. It specializes in sales Tax, eCommerce, accounting, and API

TaxSlayer Pro

TaxSlayer Pro

TaxSlayer makes life simpler and less stressful for millions of Americans with exceptional, easy-to-use technology. TaxSlayer saves business owners, tax professionals and individual consumers time and money with high-quality, high-value financial products. In addition to offering the top-rated tax preparation software, support, and tools, TaxSlayer's products are radically transforming the legal, bookkeeping, and HR/payroll arenas, helping small business owners better serve their customers. TaxSlayer offers its employees a comprehensive benefits package to include healthcare, dental and vision care, and 401(k). TaxSlayer Pro has been used by tax preparers across the United States to complete millions of returns in more than two decades