Avalara has announced partnership with
BigCommerce to provide solutions to tax compliance needs
India:
Avalara, Inc., which is
a leading cloud-based tax compliance automation provider, announced the
expansion of its partnership with BigCommerce. BigCommerce is an open SaaS
ecommerce platform and as part of the new agreement, Avalara will cater to the
tax compliance needs of BigCommerce customers by offering them a wide array of
solutions.
The expansion of partnership will allow Avalara
to reach out to more customers through BigCommerce and customers can leverage
the technological capabilities of company’s product to automate sales tax
management. Avalara’s end to end tax compliance solutions will also offer the
small business customers of BigCommerce an access to the no-charge sales tax
calculation offers.
The chief commercial officer of BigCommerce said that, “Today’s
consumers expect an easy online shopping experience from start to finish, and
our goal as an ecommerce platform is to ensure retailers have all the tools
necessary to make that happen.” He further added, “With an industry-leading
partner like Avalara automating sales tax calculations, the online checkout
process is simplified, giving consumers the experience they want while
simultaneously freeing up resources so merchants can focus on the all-important
task of growing revenue rather than managing the back-office minutiae of tax
compliance.”
According to TechSci Research, the expansion in this partnership is expected to garner
lucrative results for both, Avalara as well as BigCommerce ecommerce platform.
The two have already been into a partnership since 2012 with the sole motive of
automation of sales tax compliance. This extended partnership is to introduce
new automation offerings to the mutual customers of BigCommerce and Avalara,
which will not only fetch profit but also expand the horizon of business for
both firms.
According to the report published by TechSci Research, “India Accounting Services Market By Type of Services (Tax Preparation
Services, Bookkeeping Services, Payroll Services, Others), By Company, By
Region, Forecast & Opportunities, FY 2026”, India accounting services market is expected to grow at
an impressive rate during the forecast period. The India accounting services
market is driven by supportive government initiatives aimed at creating
employment opportunities in the country.
This has drastically increased the working population in the country.
Additionally, introduction of GST is further expected to create lucrative
opportunities for the market growth. The arrival of GST has made businesses
remodel their supply chains in order to take complete advantage of the new tax
structure. Furthermore, the Government of India is likely to allow
multinational firms to register as auditors, thereby fueling the market growth.
Besides, the Digital India and Make in India initiatives are further expected
to positively influence the market growth over the next few years.
According to another published report by
TechSci Research “India Online Retail Market By Segment (Men, Women, Kids &
Babies, Electronics & Appliances, Home & Furniture, Others), By Region,
Competition, Forecast & Opportunities, 2025”, online retail market in India is expected
to grow at a double-digit CAGR during the forecast period owing to increasing
penetration of internet and smartphones in the country. Majority of online
shoppers are millennials and favorable policy reforms are attracting foreign
companies to invest in the online retail market of India. Additionally,
increasing internet subscribers and affordable data packs, are responsible for
creating growth opportunities for buyers, sellers and users, which is
positively influencing the growth of the retail market in the country.