Numeral automates sales tax compliance by integrating with your business systems to monitor economic nexus, manage state registrations, and handle tax collection and remittance across 11,000 jurisdictions. This service reduces the time spent on sales tax to under five minutes per month, eliminating the need for direct communication with state agencies.
Funding
$500K 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.
CSCTFounders
Product
Problem
Managing sales tax compliance across multiple jurisdictions is complex and time-consuming, requiring businesses to monitor economic nexus, handle state registrations, and manage tax collection and remittance. This often involves direct communication with state agencies and navigating over 11,000 tax jurisdictions.
Solution
Numeral automates sales tax compliance by integrating with existing business systems to monitor economic nexus in real-time, manage state registrations, and automate tax collection and remittance. The platform handles tax collection settings to ensure accurate rates across all jurisdictions. Numeral also processes state mail, responds to state notices, and provides access to past filings. This comprehensive solution aims to reduce the time spent on sales tax management to under five minutes per month.
Target Audience
Numeral primarily targets CFOs, founders, and operators of online businesses who seek to automate and simplify their sales tax compliance processes.
Features
- 24/7 sales monitoring with notifications when economic nexus is reached
- Automated registration in all states where nexus exists
- Management of tax collection settings to ensure accurate rates across 11,000+ jurisdictions
- Automated monthly, quarterly, and annual remittances
- Virtual mailbox service to scan, read, and respond to all sales tax mail from state and local governments
- Integration with existing business systems via secure connections
- Access to a dashboard providing an overview of the sales tax situation
- Comprehensive filing documentation for review