Mike Sanders
CEO
CereTax
The startup offers a tax automation platform that accurately calculates and remits sales taxes, ensuring compliance and minimizing the risk of underpayment or overpayment. By providing real-time analytics and audit-ready reporting, the platform enables businesses to streamline their tax processes and support growth.
- Enterprise Software
- Financial Technology
- Software Only
Updated 21 months ago
Funding
Raised to date
$19MRaised 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.
Funding rounds are not available yet.
Founders
Brent Reeves
Co-Founder & CCO
Product
Problem
Many businesses face challenges in accurately calculating and remitting sales taxes, leading to potential compliance issues, overpayments, or underpayments. Managing exemption certificates and purchase-side use tax further complicates the process, increasing the risk of audits and financial penalties.
Solution
CereTax offers a suite of cloud-based sales tax automation solutions designed for complex industries and enterprise-level challenges. The platform automates sales tax calculations, remittance, and reporting, ensuring compliance and minimizing tax-related risks. CereTax also provides tools for managing exemption certificates and automating the discovery of use tax variances on purchases. By integrating with existing accounting, billing, and e-commerce systems, CereTax streamlines tax processes, provides actionable analytics, and reduces the burden on IT teams.
Target Audience
CereTax primarily serves businesses in complex industries such as communications, SaaS, manufacturing, retail, e-commerce, and digital goods that require robust sales tax automation and compliance solutions.
Features
- Sales Tax Automation Platform: Automates sales tax calculations and remittance across multiple jurisdictions.
- Purchase Side Platform (P2P): Identifies use tax variances on purchases to prevent overpayments and underpayments.
- SmartExempt: Manages exemption certificates, including collection, validation, and storage, with automated expiration alerts.
- Real-time, lightning-fast API: Supports thousands of simultaneous API requests without timeouts.
- GIS Method: Pinpoint accuracy for tax calculations, even for remote locations.
- Rules Engine: Handles custom data management, tax determinations, overrides, and custom tables.
- Integrations: Seamlessly integrates with accounting, billing, e-commerce, and analytics platforms like NetSuite, Microsoft Dynamics 365, BigCommerce, and more.
- Reporting and Analytics: Provides detailed, transaction-level reporting for internal use and audit support.
- Security: Employs state-of-the-art security measures, including encryption in transit and at rest, to protect customer data.