Shopify, Avalara Expand Partnership To Enable Global Tax Compliance For Merchants
Portfolio Pulse from Benzinga Newsdesk
Avalara, Inc. has expanded its partnership with Shopify Inc. to join the Shopify Tax Platform, enabling global tax compliance automation for Shopify merchants of any size.
May 13, 2024 | 1:04 pm
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POSITIVE IMPACT
Avalara's expanded partnership with Shopify, by joining the Shopify Tax Platform, could lead to increased usage of Avalara's tax compliance solutions among Shopify's extensive merchant base.
The partnership with Shopify provides Avalara access to a larger pool of potential clients, which could increase demand for its services and positively impact its revenue growth.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Shopify's expanded partnership with Avalara to join the Shopify Tax Platform enhances its e-commerce ecosystem, potentially increasing its attractiveness to merchants worldwide.
By integrating Avalara's tax compliance solutions, Shopify can offer more comprehensive services to its merchants, potentially increasing platform usage and attracting new merchants seeking simplified tax solutions.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90