Alexander Tilkin
Founder
C
Complyt
This company provides comprehensive US sales tax compliance services, covering monitoring, registration, calculation, filing, and remittance across all 50 states. They automate compliance for businesses operating in numerous jurisdictions while offering dedicated human support for complex needs. The service ensures clients maintain audit-ready records through integrated technology and expert management.
- Enterprise Software
- Financial Technology
- Software Only
Updated 6 months ago
Funding
Raised to date
$5MRaised 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
Product
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.
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.
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.
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