Complyt
About Complyt
Complyt is a sales tax automation platform that integrates with ERP and billing systems to monitor nexus thresholds and automate reporting, filing, and remittance processes. This technology minimizes the time and resources businesses allocate to tax compliance, ensuring accurate and timely submissions.
```xml <problem> Businesses face significant challenges in managing sales tax compliance across multiple jurisdictions due to varying nexus thresholds, tax rates, and regulations. This complexity leads to increased administrative burden, potential errors in calculations and filings, and the risk of costly penalties. </problem> <solution> Complyt is a sales tax automation platform that streamlines the entire compliance process, from monitoring nexus obligations to automating filing and remittance. The platform integrates with existing ERP, billing, and accounting systems to track economic and physical nexus in real-time. Complyt's tax engine calculates sales tax based on specific location and product classification, ensuring accurate tax collection. The system automates the filing frequency and facilitates direct payments to tax authorities, reducing the risk of missed deadlines and penalties. </solution> <features> - Real-time nexus tracking for economic and physical presence in all U.S. states - Automated sales tax calculation based on location and product type, drawing from a database of over 12,000 jurisdictions - Automated filing and remittance to tax authorities - Centralized management and storage of reports, certifications, and exemptions for audit readiness - Integration with ERP, billing platforms, accounting software, and payment gateways via API - Subscription-based pricing with no hidden fees - Access to sales tax specialists </features> <target_audience> Complyt is designed for SaaS, e-commerce, retail, and professional services companies that require a comprehensive solution for managing U.S. sales tax compliance. </target_audience> ```
What does Complyt do?
Complyt is a sales tax automation platform that integrates with ERP and billing systems to monitor nexus thresholds and automate reporting, filing, and remittance processes. This technology minimizes the time and resources businesses allocate to tax compliance, ensuring accurate and timely submissions.
Where is Complyt located?
Complyt is based in Tel Aviv, Israel.
When was Complyt founded?
Complyt was founded in 2023.
How much funding has Complyt raised?
Complyt has raised 5000000.
Who founded Complyt?
Complyt was founded by Alexander Tilkin.
- Alexander Tilkin - Founder
- Location
- Tel Aviv, Israel
- Founded
- 2023
- Funding
- 5000000
- Employees
- 29 employees