Avalara, a leader in modern compliance automation software, has officially announced the launch of Avalara Property Tax Managed Services (AvaMPT), which would be a service built atop agentic AI technology to significantly simplify, and at the same time, digitalize property tax compliance for businesses.
According to certain reports, the stated technology will leverage, at launch, Avalara’s proprietary Agentic AI Foundry to automate and simplify the complex, manual processes behind property tax management, thus conceiving scale, speed, and intelligence finance teams have historically lacked.Â
More on the same would reveal how Avalara’s latest brainchild takes inspiration from prior-year filings and current customer data to generate actionable insights and create data-driven compliance plans that, on their part, can identify potential overpayments, penalties, and other risks.Â
“As a recent carve out, Avalara was asked to support Intellirent’s finance and accounting function which required implementing efficient processes and systems under tight deadlines,” said Alexander Van Tuyn, Interim CFO of Intellirent. “We identified that property tax filings would require hundreds of returns, which needed to be tracked and submitted each year. The Avalara team delivered a unique product and service which allows us to manage property tax requirements with speed, accuracy, and confidence.”
Talk about the whole value proposition on a slightly deeper, we begin from AvaMPT’s promise of preparing and delivering signature-ready property tax returns.
Next up, there is a feature focused on automating payment processes through a strategic partnership with Anybill, ensuring more timely and accurate property tax payments.Â
Another detail worth a mention relates to how the given technology can seamlessly conduct automated assessment reviews, simplify appeals, and provide continuous monitoring to prevent penalties.
The technology also delivers tailored asset classification to ensure precise compliance, as well as significantly reduce customer workloads related to asset management and depreciation rules.
Avalara’s technology further provides comprehensive document procurement services to achieve complete visibility into property tax compliance status through customized reporting and secure software access. Alongside that, it bestows upon customers direct access and complete transparency of their property tax compliance data, documents, and reporting, through the Avalara Property Tax software.
Hold on, we still have a few bits left to unpack, considering we haven’t yet touched upon the prospect of automated data management. This translates to how the given solution can seamlessly replace cumbersome in-house manual data entry processes for their heavily paper-based property tax compliance.
Joining that would be a focus on scaling compliance accuracy. You see, the underlying technology can identify missing notices and documents, while simultaneously providing diligent deadline tracking, along with reduced overpayment costly penalties.
Rounding up highlights would be a feature revolving around making staffing changes absolutely redundant. Basically, having expert automation and AI-backed processes should really go the distance to smartly handle compliance tasks, freeing internal resources to focus on core business goals.
In case that wasn’t enough, companies also have the option to use AvaMPT as an interim solution when key staff are on leave, or as an ongoing partner in their optimized property tax compliance.
Founded in 2004, Avalara’s rise up the ranks stems from offering the most advanced tax and compliance platform powered by AI. The company runs, markedly enough, one of the most expansive libraries of tax content and integrations in the industry.
Avalara’s excellence in what it does can also be understood once you consider it supports, at the moment, more than 43,000 businesses and government entities across more than 75 countries.Â
“Companies face extraordinary complexity in property tax compliance, which historically has been cumbersome, subjective, and highly manual,” said Carl Hoemke, VP & GM of Property Tax at Avalara. “Property tax compliance is entirely data driven. AvaMPT leverages a host of intelligent technology innovations, leading with agentic AI, to harness that data and simplify processes dramatically, We’re pleased to deliver this latest option. The new advancements in AvaMPT will benefit customers at any phase of their property tax journey, whether they are looking for a fully managed service, co-sourced, or prefer to manage in-house.”
, a leader in modern compliance automation software, has officially announced the launch of Avalara Property Tax Managed Services (AvaMPT), which would be a service built atop agentic AI technology to significantly simplify, and at the same time, digitalize property tax compliance for businesses.
According to certain reports, the stated technology will leverage, at launch, Avalara’s proprietary Agentic AI Foundry to automate and simplify the complex, manual processes behind property tax management, thus conceiving scale, speed, and intelligence finance teams have historically lacked.Â
More on the same would reveal how Avalara’s latest brainchild takes inspiration from prior-year filings and current customer data to generate actionable insights and create data-driven compliance plans that, on their part, can identify potential overpayments, penalties, and other risks.Â
“As a recent carve out, Avalara was asked to support Intellirent’s finance and accounting function which required implementing efficient processes and systems under tight deadlines,” said Alexander Van Tuyn, Interim CFO of Intellirent. “We identified that property tax filings would require hundreds of returns, which needed to be tracked and submitted each year. The Avalara team delivered a unique product and service which allows us to manage property tax requirements with speed, accuracy, and confidence.”
Talk about the whole value proposition on a slightly deeper, we begin from AvaMPT’s promise of preparing and delivering signature-ready property tax returns.
Next up, there is a feature focused on automating payment processes through a strategic partnership with Anybill, ensuring more timely and accurate property tax payments.Â
Another detail worth a mention relates to how the given technology can seamlessly conduct automated assessment reviews, simplify appeals, and provide continuous monitoring to prevent penalties.
The technology also delivers tailored asset classification to ensure precise compliance, as well as significantly reduce customer workloads related to asset management and depreciation rules.
Avalara’s technology further provides comprehensive document procurement services to achieve complete visibility into property tax compliance status through customized reporting and secure software access. Alongside that, it bestows upon customers direct access and complete transparency of their property tax compliance data, documents, and reporting, through the Avalara Property Tax software.
Hold on, we still have a few bits left to unpack, considering we haven’t yet touched upon the prospect of automated data management. This translates to how the given solution can seamlessly replace cumbersome in-house manual data entry processes for their heavily paper-based property tax compliance.
Joining that would be a focus on scaling compliance accuracy. You see, the underlying technology can identify missing notices and documents, while simultaneously providing diligent deadline tracking, along with reduced overpayment costly penalties.
Rounding up highlights would be a feature revolving around making staffing changes absolutely redundant. Basically, having expert automation and AI-backed processes should really go the distance to smartly handle compliance tasks, freeing internal resources to focus on core business goals.
In case that wasn’t enough, companies also have the option to use AvaMPT as an interim solution when key staff are on leave, or as an ongoing partner in their optimized property tax compliance.
Founded in 2004, Avalara’s rise up the ranks stems from offering the most advanced tax and compliance platform powered by AI. The company runs, markedly enough, one of the most expansive libraries of tax content and integrations in the industry.
Avalara’s excellence in what it does can also be understood once you consider it supports, at the moment, more than 43,000 businesses and government entities across more than 75 countries.Â
“Companies face extraordinary complexity in property tax compliance, which historically has been cumbersome, subjective, and highly manual,” said Carl Hoemke, VP & GM of Property Tax at Avalara. “Property tax compliance is entirely data driven. AvaMPT leverages a host of intelligent technology innovations, leading with agentic AI, to harness that data and simplify processes dramatically, We’re pleased to deliver this latest option. The new advancements in AvaMPT will benefit customers at any phase of their property tax journey, whether they are looking for a fully managed service, co-sourced, or prefer to manage in-house.”
