Anrok provides a global sales tax solution designed for modern commerce operations. The platform automates sales tax calculation, filing, and remittance across various jurisdictions, including US sales tax and international VAT/GST. This service helps growing companies maintain tax compliance while monitoring nexus exposure and integrating with existing financial stacks.
Funding
$51.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+1Founders
Product
Problem
Managing sales tax and VAT compliance across multiple jurisdictions is complex and costly for businesses, especially with the increasing number of jurisdictions taxing SaaS and the rise of remote hiring triggering physical nexus. Non-compliance can result in significant financial losses, with the average SaaS business losing a substantial percentage of revenue due to errors and missed obligations.
Solution
Anrok provides a sales tax and VAT automation platform designed to streamline compliance for modern, global companies. The platform integrates with existing financial systems to monitor nexus, calculate taxes in real-time, and automate filing and remittance processes. By connecting to billing, payment, and HR systems, Anrok offers a comprehensive view of tax liabilities across various jurisdictions. This automation ensures accurate tax collection, reduces compliance risks, and minimizes operational costs associated with manual tax management.
Target Audience
Anrok is designed for fast-growing SaaS companies and other modern businesses that require automated sales tax and VAT compliance across multiple jurisdictions.
Features
- Automated nexus monitoring to identify when and where a company has tax obligations
- Real-time sales tax and VAT calculation using accurate, up-to-date rules for SaaS and other businesses
- Automated filing, remittance, and reconciliation processes to simplify reporting
- Integration with popular financial systems, including NetSuite, QuickBooks, Stripe, and others
- Global VAT and GST support for businesses operating internationally
- Exposure monitoring to track how growing sales affect tax liability