Funding
Funding not disclosed
Founders
Product
Problem
Finance teams often manage sales tax payable by manually consolidating data from multiple sources such as tax engines, general ledger exports, and compliance filings. This manual process is time‑consuming, error‑prone, and creates audit risk because discrepancies are difficult to track and resolve.
Solution
Avex Rec automates the reconciliation of sales‑tax data across tax engines, general ledger postings, and compliance filings. The platform ingests reports from all sources, normalizes the data, and applies AI‑assisted exception handling to identify mismatches. It then generates audit‑ready reconciliation reports and the necessary journal entries, enabling a faster, auditable tie‑out of sales‑tax payable. Users can replace spreadsheet‑based workflows with a single, configurable engine that scales with the number of states and taxpayers. The solution also offers managed reconciliation services for organizations that prefer a fully outsourced monthly process.
Target Audience
Primary customers are corporate finance and tax departments—controllers, tax directors, and accounting teams—that need to reconcile sales‑tax payable across multiple systems and demonstrate compliance to auditors.
Features
- Multi‑source import capability for tax engine outputs, GL extracts, and compliance filing reports
- Data normalization engine that aligns disparate formats and tax jurisdictions
- AI‑driven exception detection and rule‑based handling to resolve mismatches automatically
- Generation of audit‑ready reconciliation reports and corresponding journal entries
- Tiered pricing models (Core, Pro, Enterprise) that adjust to footprint size and process complexity
- Optional managed reconciliation service where Avex Rec performs the monthly tie‑out on behalf of the client