Complyt

Automate US sales tax compliance with real-time calculation, nexus tracking, and automated filing.

by Complyt ยท Sales Tax & Indirect Tax

Executive Summary

Complyt is a leading US sales tax automation platform designed to simplify compliance for businesses, particularly those operating globally. It offers a comprehensive solution for managing the complexities of US sales tax, including real-time tax calculation, economic nexus tracking, automated filing, and exemption certificate management. The platform integrates seamlessly with existing ERP and billing systems, streamlining the entire sales tax process from transaction to remittance. Complyt's core functionality revolves around its Sales Tax Calculation API, which automatically determines applicable tax rates based on jurisdiction, product type, and customer details. This ensures accurate tax collection and reduces manual effort. The platform also provides robust tools for monitoring economic nexus thresholds across all US states and keeping up-to-date with evolving sales tax regulations, helping businesses maintain compliance and avoid penalties. Beyond calculation and tracking, Complyt automates the preparation and submission of sales tax returns, simplifying the remittance process. It also offers an API sandbox for developers to easily test integrations and manage transactions. With a focus on security and reliability, Complyt has achieved SOC 2 compliance, covering security, availability, and confidentiality, ensuring data protection for its users.

Use Cases

  • Automating sales tax calculation for e-commerce and retail transactions
  • Tracking economic nexus thresholds across all US states
  • Managing and validating exemption certificates
  • Automating the filing and remittance of sales tax returns
  • Integrating sales tax processes with existing ERP and billing systems

Features

Visibility

  • Real-time Nexus Tracking: Monitors and visualizes economic nexus thresholds and status across all US states.
  • Exemption Certificate Management: Centralized system for managing, storing, and validating customer exemption certificates.
  • Filing Calendar: Tracks upcoming sales tax filing deadlines and statuses for all registered jurisdictions.

Intelligence

  • Automated Tax Calculation: Calculates sales tax in real-time based on current rates, rules, product classifications, and transaction specifics.
  • Jurisdiction Monitoring: Continuously monitors and updates on changes in sales tax laws and rates across all US jurisdictions.
  • Currency Conversion: Simplifies global sales tax compliance by handling currency conversions for international transactions.

Technical Specifications

Architecture
API-driven, cloud-based platform for sales tax automation.
Deployment
SaaS
API Available
Yes

Security & Compliance

Certifications: SOC 2

Encryption: Data is encrypted in transit and at rest to ensure confidentiality, as covered by SOC 2 compliance.

Pricing

Target Customer
Mid-Market,Enterprise
Free Trial
Yes