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Actabl Partners with Avalara to Simplify and Automate Tax Compliance and Data Management for HotelsATLANTA, Jan. 17, 2024 /PRNewswire/ -- Actabl, the leading hospitality software company dedicated to empowering hotels with actionable insights to drive profit, today announced a partnership with Avalara, Inc., a leading provider of cloud-based tax compliance automation for businesses of all sizes, to usher in a new era of efficiency, cost savings, and empowerment within the hospitality industry through tax reporting and data management. Innovative Solutions: Streamlining Tax Compliance for Hotel Businesses The integration allows hotel businesses to seamlessly compile data, automate tax return preparation, and file returns using monthly transactional data. This groundbreaking partnership introduces technological innovations that streamline tax compliance, freeing up valuable time and resources for hoteliers. "Automating compliance has taken a load off my shoulders each month – I'm confident that property registrations are being completed properly and monthly reporting is prepared accurately and filed on time," said Trisha Campbell, Regional Controller at Valor Hospitality Partners. "The Avalara team has been so helpful in setting up our tax profile and has improved our business processes. The integration with ProfitSword further streamlines the process by automating the flow of transactional data for recalculation and reporting by Avalara. The reconciliation has enabled us to make upstream adjustments for an increased level of compliance and reduced audit risk. With ongoing staffing issues, automation lets us effectively utilize existing personnel. Between the finance team and the on-proprty accountants, we're saving about 5-6 days per month across our hotel portfolio, reducing risk and setting us up for scale without adding headcount. I'd recommend Avalara with ProfitSword by Actabl to hotel management companies looking to streamline their compliance." Oliver Hoare, General Manager of Lodging at Avalara, expresses enthusiasm about the collaboration, saying, "Tax compliance is one of the most onerous factors impacting hotel management groups and their ability to operate and scale efficiently. Avalara's partnership with Actabl allows hotel management groups to divert their aggregated data via ProfitSword to Avalara. It's a win, win, win – an enhanced feature for Actabl, increased speed to market for Avalara, and it gives ProfitSword customers a vastly simplified route to automation". "We recognize the challenges that hotel operators and hoteliers face, particularly regarding tax reconciliation and compliance," said Actabl's Chief Revenue Officer, Jason Luo. "Our groundbreaking partnership aims to address our customers' needs by providing a comprehensive, user-friendly platform for enterprise-wide monthly tax reconciliation and compliance filings and substantial time savings for our customers' accounting and finance teams. We are pleased to add another valuable tool to drive value and operational excellence in the hospitality industry." Enhancing Tax Efficiency and Accuracy Through Integration By integrating with Avalara for Hospitality, hotel businesses can access accurate real-time tax calculations, regularly updated tax content repositories, and comprehensive visibility into overall compliance through advanced reporting tools. Tedious tax returns preparation, filing, and remittance processes are automated using Avalara, reducing the risk of audits, effectively managing tax-related jurisdictional notices, and providing a centralized online portal for seamless compliance management with heightened transparency. This integration signals a meaningful advancement in automating tax-related processes for hotel businesses, ensuring enhanced efficiency, reduced manual workload, and minimized risk of human error in tax compliance. Actabl's Focus for 2024: Expanding Offerings with Current Customers As Actabl and Avalara embark on this new partnership, they invite hotels to consider the integrated solution as a digital-first approach to automating and streamlining processes, boosting productivity and efficiency while cutting costs, thereby positioning hotel businesses for future growth. About Actabl About Avalara View original content to download multimedia:https://www.prnewswire.com/news-releases/actabl-partners-with-avalara-to-simplify-and-automate-tax-compliance-and-data-management-for-hotels-302036766.html SOURCE Actabl |