Actabl partners with Avalara to revolutionize hotel tax compliance

Saturday, January 20, 2024

Actabl, a leading hospitality software company dedicated to empowering hotels with actionable insights for increased profitability, announced a strategic partnership with Avalara, Inc., a prominent provider of cloud-based tax compliance automation. This collaboration aims to usher in a new era of efficiency, cost savings, and empowerment within the hospitality industry through advanced tax reporting and data management.

Revolutionizing Tax Compliance for Hotels
The Actabl and Avalara partnership consolidates revenue and tax data from diverse business systems, simplifying tax compliance through automation. Handling tax-related activities in the hotel industry involves managing data from various sources, making it a time-consuming and error-prone process. Recognizing the need for automation to address both cost savings and the labor shortage in the hospitality sector, Actabl integrates ProfitSword’s data consolidation with Avalara, automating tax compliance and reconciliation for hotel management companies.

This integration enables hotel businesses to effortlessly compile data, automate tax return preparation, and file returns using monthly transactional data. The partnership introduces technological innovations that streamline tax compliance, freeing up valuable time and resources for hoteliers.

“Automating compliance has taken a load off my shoulders each month – I’m confident that property registrations are being completed properly and monthly reporting is prepared accurately and filed on time,” said Trisha Campbell, Regional Controller at Valor Hospitality Partners. “The Avalara team has been so helpful in setting up our tax profile and has improved our business processes. The integration with ProfitSword further streamlines the process by automating the flow of transactional data for recalculation and reporting by Avalara. The reconciliation has enabled us to make upstream adjustments for an increased level of compliance and reduced audit risk. With ongoing staffing issues, automation lets us effectively utilize existing personnel. Between the finance team and the on-property accountants, we’re saving about 5-6 days per month across our hotel portfolio, reducing risk and setting us up for scale without adding headcount. I’d recommend Avalara with ProfitSword by Actabl to hotel management companies looking to streamline their compliance.”

Oliver Hoare, General Manager of Lodging at Avalara, expresses enthusiasm about the collaboration, saying, “Tax compliance is one of the most onerous factors impacting hotel management groups and their ability to operate and scale efficiently. Avalara’s partnership with Actabl allows hotel management groups to divert their aggregated data via ProfitSword to Avalara. It’s a win, win, win – an enhanced feature for Actabl, increased speed to market for Avalara, and it gives ProfitSword customers a vastly simplified route to automation”.

“We recognize the challenges that hotel operators and hoteliers face, particularly regarding tax reconciliation and compliance,” said Actabl’s Chief Revenue Officer, Jason Luo. “Our groundbreaking partnership aims to address our customers’ needs by providing a comprehensive, user-friendly platform for enterprise-wide monthly tax reconciliation and compliance filings and substantial time savings for our customers’ accounting and finance teams. We are pleased to add another valuable tool to drive value and operational excellence in the hospitality industry.”

Advancing Tax Efficiency and Accuracy
Navigating the complex world of hotel industry tax compliance involves manual tasks prone to errors and audit risks. Integration with Avalara for Hospitality allows hotel businesses to access accurate real-time tax calculations, updated tax content repositories, and comprehensive compliance visibility through advanced reporting tools. This automated process reduces the risk of audits, effectively manages tax-related notices, and provides a centralized online portal for seamless compliance management with heightened transparency.

Strategic Vision for 2024
As part of Actabl’s strategic vision for 2024, the partnership with Avalara aligns with the goal of expanding offerings to current customers, providing comprehensive solutions to navigate the evolving landscape of the hospitality industry. Actabl and Avalara invite hotels to embrace this integrated solution as a digital-first approach to automating and streamlining processes, positioning hotel businesses for future growth while enhancing productivity and efficiency.

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