Top 10 Tax Technology Solution Companies - 2019
Taxback International: Easy and Smooth VAT Reclaim

Top 10 Tax Technology Solution Companies - 2019

Regardless of the industries, businesses are increasingly affected by tax, legislative, and regulatory developments across the globe. Consequently, it is vital for companies to understand the impact of these developments on business operations and transactions between countries.

When it comes to the tax industry, this means re-evaluating old processes and challenging tax departments to adopt better systems and new technologies, such as robotics process automation (RPA), blockchain, and artificial intelligence (AI). Be it for the online filing of returns or the use of intelligent tax software that functions with AI and predictive analytics, both industry leaders and tax professionals are increasingly embracing the digital pathways.

CFO Tech Outlook has compiled a list of top 10 tax technology solution providers and consulting/services companies, in an attempt to help organizations across industries harness the potential of technology and navigate efficiently through the highly regulated and complex environment.

It is essential to understand just how tax technology is changing the industry right now to adapt. At a time when the evolution in this sector is fast-paced and organizations, regardless of size, need to gear up to match with the industry trends of incorporating tax technology. CFO Tech Outlook’s editorial board has assessed and shortlisted some of the most prominent organizations in the industry such as Rethink Solutions, Revenue Solutions, Taxback International, Kruze Consulting, and VATGlobal.

We present to you CFO Tech Outlook’s “Top 10 Tax Technology Solution Providers - 2019.”

Top Tax Technology Solution Companies

Dynamic Tax Solutions (DTS) is a company of experienced tax professionals with a strong culture of doing the right thing. The company founders have more than 40 years of experience in sales collectively and use tax accounting and auditing. Although the majority of their careers were spent working with the Big 4 accounting firms to conduct reverse audits and implement tax automation, they always believed reverse audits were reactionary, costly, and never really solved their clients’ purchase-side tax issues. DTS was founded in 2009 to finally create a tax solution that would fix this common tax problem

dtstax.com

Longview makes enterprise software that drives competitive advantages for Finance and Tax teams. Hundreds of thousands of business leaders from Global 2000 companies, operating in more than 150 countries, leverage Longview daily to make strategic and immediate business decisions with confidence. The company software drives speed, accuracy, and productivity while delivering critical insights from vast and disparate data points. Longview elevates planning, budgeting, forecasting, tax reporting, analytics, and financial close from data collection and validation to strategic business processes. Delivered out of the box, advantages are realized quickly. Longview is a company headquartered in Toronto, Canada, with offices around the world

www.longview.com

Orbitax is dedicated to providing high value, low-cost tax research, and management and planning solutions. They deliver the extensive international tax practice experience of Orbitax team members and partners through user-friendly software. The company provides tools that are designed to help expert users by reducing time and effort on repetitive, routine tasks and enabling substantial productivity gains. Orbitax also introduces users to each product category through online tools accessible through tax content portals traditionally used by tax professionals. They additionally develop ancillary tools to help users derive better value from the tax content and software they already own

orbitax.com

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

www.rethinksolutions.com

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

taxbackinternational.com

Avalara

Avalara

Avalara is a company having a team of tax experts and technologists that make one solution for the business. With 700 plus prebuilt integrations, the company solutions come ready to connect to today's most widely used ERP, accounting, ecommerce, and other business applications. The company also helps in offering advanced API for the clients. The company calculates tax nonstop, for retailers and manufacturers, on excise and communications transactions, and more. They help to prepare billions of dollars worth every month, relieving customers from the tiresome task. Avalara offers limited guarantees on select products, including Avalara AvaTax and Avalara Returns

Blucora

Blucora

Blucora, Inc is at the forefront of financial technology, pioneering tax-smart financial solutions that empower people’s goals. Blucora operates through two primary businesses, HD Vest, tax-focused broker-dealer, and TaxAct, preparation software by market share. With integrated tax and wealth management, Blucora is uniquely positioned to provide better long-term outcomes for customers with holistic, tax-advantaged solutions. The company’s simplicity and transparency to the tax filing process and enable its customers to leverage their full range of data for tax-advantaged investing. The company focuses on flexibility - their customers can choose the level and nature of support they need for that specific point in their financial lifetime, from do-it-yourself tools to wealth management with a certified professional

Drake Software

Drake Software

Drake Software is a top-tier provider of professional tax preparation software. Drake provides the tools and support tax professionals need to build their businesses and attract new clients. Their customers know they can rely on Drake for overall product excellence and value. More than 59,000 tax professionals nationwide use Drake. Each year, Drake processes more than 33 million federal and state accepted returns. Headquartered in scenic Franklin, North Carolina, Drake Software has developed and provided tax software to preparers since 1977. The company is a rapidly growing company committed to providing quality employment opportunities while participating in community service and advancing technologically through research and development

Revenue Solutions

Revenue Solutions

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

Vertex

Vertex

Vertex connects great people and partners to deliver the most trusted tax solutions in the world for businesses to transact, comply, and grow with confidence. They have pioneered transaction tax technology, and today companies in every industry, irrespective of their sizes, in countries, and around the world, trust Vertex solutions to support their tax obligations with speed, competence, and accuracy. Their goal is to enhance the global transaction flows with less regulatory friction and more visibility, along with enabling strategic insights to empower people and businesses to thrive in the global economy