DURHAM, N.C. (WNCN) – A bold new technology is changing the game when it comes to how small and even large companies handle business.
Avalara processes and files crucial tax documents.
CEO Scott McFarlane said he never wants his company to become too cookie-cutter.
“We like to do things a little bit differently,” McFarlane said.
From Avalara’s bright orange colors to the tiki bar in the office and the view of the Durham Bulls Athletic Park, the company has transformed the mundane office life of taxes into millions of dollars in profits.
“When we had our mind set on coming to the area, we wanted something unique,” said Matt Tormollen, executive vice president and general manager. “We wanted a space that would actually promote the culture of the company.”
Ten years ago, McFarlane and partners designed a program to instantly process taxes at the point of sale. Using the cloud, plus years of research and development, Avalara maintains tax rates and rules on millions of products and services around the world.
The company tracks more than 12,000 taxing jurisdictions and McFarlane said the company makes the right calculation every time, costing a company just pennies per transaction regardless of size.
Company officials say Avalara works with all e-commerce and point of sale solutions – and will do about 5 billion transactions this year.