This company provides an AI-native tax engine for end-to-end automation of global sales tax, VAT, and GST compliance. The platform integrates with billing systems to automate tax calculation, registration, filing, and remittance across over 100 tax authorities. It offers finance teams scalable infrastructure to manage cross-border compliance and reduce tax-related administrative burdens.
Funding
$4.3M 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.
+2Founders
Product
Problem
Global businesses face significant challenges in managing indirect taxes like sales tax, VAT, and GST due to varying regulations, nexus thresholds, and compliance requirements across different jurisdictions. Manually tracking these obligations and filing returns is time-consuming, error-prone, and can lead to penalties for non-compliance.
Solution
Sphere offers a fully managed, automated solution for global indirect tax compliance, streamlining the entire process from monitoring nexus thresholds to filing and remitting taxes. The platform integrates with existing payment systems and directly connects with local tax authorities worldwide, ensuring businesses accurately calculate and remit the correct amount of tax in each jurisdiction. By automating registration, calculation, filing, and remittance, Sphere eliminates the complexity of indirect tax management, freeing up resources and minimizing the risk of errors or penalties. The system provides real-time monitoring of tax regulations and automates the registration process when nexus thresholds are met.
Target Audience
Sphere primarily targets global software and SaaS businesses that need to manage indirect tax compliance across multiple jurisdictions.
Features
- Automated nexus monitoring to identify when and where businesses need to register for indirect tax.
- One-click registration process that handles government portals and submissions.
- Integration with existing payment systems for real-time tax calculation at the point of purchase.
- Automated filing and remittance of indirect taxes to the relevant authorities.
- Global coverage, monitoring tax regulations and integrating with local tax authorities worldwide.
- Developer-friendly API for seamless integration with existing systems.