Avalara has secured a position in the Leaders Category in the latest IDC MarketScape: European Compliant e-Invoicing Solutions 2024 Vendor Assessment. The report, designated as doc #EUR151806424, evaluated Avalara's strategies and capabilities within the e-invoicing market.
Jayme Fishman, Chief Strategy and Product Officer at Avalara, commented, "Avalara has an unwavering commitment to help organisations with their e-invoicing compliance needs today and into the future. As the e-invoicing market grows, we're continuously innovating and investing in solutions that scale with businesses every step of the way, meeting their regulatory needs with different modes of e-invoicing, from simple e-invoice transmission via an open network such as Peppol, to complex workflows and models, including pre-clearance and real-time reporting to tax authorities."
Avalara's E-Invoicing and Live Reporting (ELR) solution enables businesses to utilise a single API to exchange e-invoices and report data in real-time across various platforms and exchange networks, thereby ensuring compliance with country-specific mandates. The ELR integrates into enterprise resource planning (ERP) and accounting software, ecommerce platforms, and other business systems via a single open API, allowing businesses to maintain compliance while exchanging invoices electronically on a regional or global basis.
Edyta Kosowska, Program Manager at IDC, highlighted the importance of a comprehensive e-invoicing solution. "The complexity and volatility of e-invoicing regulations worldwide demand a single, comprehensive solution that can handle compliance across multiple countries. By adopting a solution that has wide coverage and integrates seamlessly with finance and ERP systems, businesses can not only stay compliant but also unlock opportunities to automate processes and improve efficiency. Avalara ELR offers a way for organizations to reduce the burden of e-invoicing compliance while streamlining their operations through one unified platform."
This latest recognition adds to Avalara's history of being acknowledged by IDC MarketScape. The company was previously named a Leader in three 2021 IDC MarketScape reports: Worldwide SaaS and Cloud-Enabled Sales and Use Tax Automation Software for Small and Midsize Businesses, Worldwide SaaS and Cloud-Enabled Sales and Use Tax Automation Software for Enterprise, and Worldwide SaaS and Cloud Value-Added Tax Software.
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market.
The research utilises a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier's position within a given market.
IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of technology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers.
