Numeral
About Numeral
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.
```xml <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. </problem> <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. </solution> <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 </features> <target_audience> Numeral primarily targets CFOs, founders, and operators of online businesses who seek to automate and simplify their sales tax compliance processes. </target_audience> <revenue_model> Numeral generates revenue through monthly or annual subscription fees, with pricing dependent on the features used and the volume of transactions processed. </revenue_model> ```
What does Numeral do?
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.
Where is Numeral located?
Numeral is based in San Francisco, United States.
When was Numeral founded?
Numeral was founded in 2022.
How much funding has Numeral raised?
Numeral has raised 500000.
Who founded Numeral?
Numeral was founded by Sam Ross and Kevin Liu.
- Sam Ross - Co-Founder/CEO
- Kevin Liu - Co-Founder
- Location
- San Francisco, United States
- Founded
- 2022
- Funding
- 500000
- Employees
- 35 employees
- Major Investors
- Y Combinator, FundersClub, Contrarian Thinking Capital, Codie Sanchez