Modern Tax Automation For Unified Retail: Teamwork + Avalara

Modern Tax Automation For Unified Retail: Teamwork + Avalara

While this may seem like an issue central to eCommerce, it will also significantly impact retailers across other channels as well. With the transition into unified commerce, fulfilling orders across multiple channels is an essential aspect of successful retail operations. With tax liability increasing for multi-state sellers, the introduction of the Streamlined Sales Tax program across the country has reduced the obstacles that remote sellers face, creating a unified system that can be leveraged to help ensure compliance. Take this free Sales Tax Risk Assessment to help determine where your sales have created a need to register to collect and remit sales tax due to economic nexus.

The Tax Barrier

Taxation has become increasingly more complex over the past few years. Market intelligence provider International Data Company (IDC) notes that technology providers are moving to provide solutions and leveraging the latest developments to simplify the tax process. AI is already being leveraged to automatically calculate taxation at the point of purchase across the U.S as well as easing the process for tax professionals to forecast and conduct risk analysis around tax issues.

Leveraging Data

Big data & analytics tools are also being used across the industry to provide professionals with insights and offer opportunities to optimize the tax decision process. IDC notes that big data and analytics will be a must have for tax software end users. Combining an existing tax software with deep dive analytics & a range of information around customer purchases.

Cloud Connectivity

The cloud will also be integral to tax trends in 2020, while tax compliance has been outpaced by other developments in cloud computing, IDC expects cloud tax software to be a critical part of business operations in the years to come. With current industry events, and the work of retailers to continue to pivot their business, brands need to be prepared for these changes by proactively investing in effective taxation solutions and utilizing a range of technologies at the point of purchase.

Modern Tax Automation for Unified Retail

Teamwork Commerce has partnered with Avalara, the leader in cloud-based compliance automation, to give you a sales tax solution that is robust and easy to configure. With a pre-built integration to Avalara, you can leverage the work we’ve completed to automate burdensome (and often error-prone) sales tax management, including calculations, certificate management and returns filing. And with over 700 integrations, you can have one tax solution across all of your retail channels and platforms. Avalara is also one of a handful of providers certified in the Streamlined Sales Tax (SST) program, meaning you may be able to qualify for free services in up to 25 states!

Find out if you are eligible for the SST program or to learn more about Avalara and how they can help your business manage the ever-changing sales tax landscape more efficiently.

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Commerce Talks EP9: Teamwork Cares

Commerce Talks EP9: Teamwork Cares

Guest Bio

Alex Goodwin | (Former) Digital Marketing Manager at Teamwork Commerce


The Teamwork Commerce platform is built on a natively integrated framework, this strong foundation enables Teamwork Commerce to provide efficient omnichannel functionality to retailers across industries, with the strong cloud backend, retailers are able to connect a variety of legacy systems, tools and integrations to drive more engaging retail experiences.


What is Teamwork Cares? Alex Goodwin, (Former) Digital Marketing Manager at Teamwork Commerce joins us to discuss. Alex was a part of the Teamwork Commerce family for one year and was a member of the Teamwork Cares committee.

Overview

The Teamwork Cares volunteer initiative stemmed from a June 19, 2020 staff meeting. CEO Michael Mauerer decided to use this meeting as a forum for employees to openly discuss the racial injustice and social inequality happening in the world at that moment, as well as frustration with the second wave of COVID-19. June 19 the was actually an important date to have this meeting, as this is a significant date in US history, commemorating the emancipation of African-American slaves. Teamwork Cares has three pillars of initiatives: 1) community action and local events, 2) educational mentorship for students and 3) adult mentorship. Some local events that Teamwork has participated in include Feeding America/Feeding Tampa Bay, a virtual 5K that raised money for the United Negro Fund and My Stuff back to school drive filling up backpacks for needy school kids. Lunch Pals is a mentor/mentee program that pairs a Teamwork employee with a young student. Adult mentorship includes helping others with business, entrepreneurial and life skills.


A by-product of each of these initiatives has been creating community within Teamwork itself; and by raising awareness of significant issues and the struggles of others, we are bridging the gap on difficult conversations and creating a safe place to have these discussions.

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Commerce Talks EP8: Amber Hovious

Commerce Talks EP8: Amber Hovious

Guest Bio

Amber Hovious | VP of Partnerships & Marketing

The TeamworkCommerce platform is built on a natively integrated framework, this strong foundation enables Teamwork Commerce to provide efficient omnichannel functionality to retailers across industries, with the strong cloud backend, retailers are able to connect a variety of legacy systems, tools and integrations to drive more engaging retail experiences. But what are the challenges of creating this kind of ecosystem? Amber Hovious, VP of marketing & Partnerships at Teamwork Commerce joins us to discuss. Amber has been part of the Teamwork Commerce family for 7 years, building out the marketing strategy, business growth and approach as well as cultivating a wide array of partnership relationships to drive long term success.

Overview

Unified commerce is everything right now as technology has grown and especially with the challenges of Covid-19 and the limitations that result from this in a retail operation perspective. It is more important than ever that there’s flexibility within the retail environment and the different systems working together so unified commerce when done successfully can remove friction and effectively empower seamless retail experiences.

I think one of the unique things that sets teamwork apart is our partnerships.

It’s our relationships, our ability to talk to our partners to get on the phone with them to help troubleshoot together. It’s hard to troubleshoot problems in individual silos, without reconciling the connected pieces. When they are connected it is much quicker to solve those issues. We can troubleshoot together we can plan ways to make even more effective integrations together.

One of the most important things is identifying partners that will be valuable in the long term & a good partner for our clients is their roadmap, what have they got planned and where is their business going, if the system is built around an established architecture we can effectively grow the combined solution to provide more value in the long term and avoid common retail technology challenges that arise from siloed retail.

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Teamwork + SPS: What Is Electronic Data Interchange?

Teamwork + SPS: What Is Electronic Data Interchange?

What is EDI Electronic Data Interchange?

A paper based exchange of business documents has represented the way business has been run for many years. But, it also comes with significant limitations, postal mail takes several days, faxes several minutes and this paper approach is error prone. Electronic data interchange is the computer to computer exchange of business documents in a standard electronic format between internal or partner resources. This electronic approach enables increased flexibility, reduced cost, increased speed and improved communication between operators. This might seem like a lot of jargon, but EDI is essentially a succinct backend process that provides for the seamless relationship between systems.

Why Does EDI Matter For Retailers?

How many retailers want to continue to use manual processes? Or physically track orders? Or keep track of relationships with suppliers?

For retailers EDI can make a significant difference, eliminating the need for basic procedural elements in the retail transaction process. Transactions can be completed with greater speed & accuracy, vital for today’s fast-moving retail landscape. EDI also ensures that systems can work together, allowing systems to communicate effectively.

EDI assisted retailers, whenever you place an order with a supplier an electronic purchase order is created within your system, with an EDI solution behind the scenes an EDI purchase order is created and sent to the supplier. Even though the supplier uses a different system their order system will be able to translate and receive the information automatically, ensuring that systems are synchronized even as requirements or information are tweaked.

After the order is ready to ship, the supplier sends an advanced shipping notice & an invoice which matches the original order. The process is reconciled within a few keystrokes, the process is automated and orders are quickly matched to ensure accuracy, consistency and timeliness within the order.

Improving The Workflow

EDI is a foundational tool for automated order processing and backend workflows. The goal of this software is to streamline and improve the workflow while enhancing supply chain predictability. But, EDI also helps to reduce friction in the operations process:

Data Entry Errors

Each additional keystroke adds time to your business operations, requiring additional resources and the risk of critical errors. EDI eliminates manual data needs.

Slow Processing

A paper-based order can cost $70 or more per transaction. This cost multiplies if a decimal was put in the wrong place. EDI transactions can cost less with the additional benefit of error reduction.

Inaccurate Forecasting

With increased accuracy, comes increased forecasting. Inventory and management decisions can be made to more closely resemble reality.

Visibility Issues

EDI gives you more control over on-hand inventory. It allows for an automated inventory inquiry process to keep you updated on availability across vendors, disruptions are quickly visible allowing for more visibility.

Implementing Electronic Data Interchange

EDI can be outsourced or retailers can choose to invest in their own on premise systems. Both options have their benefits, but, for most retailers outsourced cloud-based EDI is more proficient.

Internal EDI has a high level of initial investment, requiring: Software installation, hardware installation, maintenance support, map development… with outsourced EDI all of these elements are managed externally with the benefits provided to retailers & customers at the endpoint. While creating an external system might seem like creating a silo, it actually helps to break down the walls between existing silos. Cloud based EDI tools allow intercommunication between e-commerce, ERP, WMS, accounting and Point of sale. This inter-communication of tools and software allows for complete visibility of business management and assists retailers in managing the complexities of operations.

A Flexible Solution: Teamwork Commerce + SPS Commerce

SPS commerce can help retailers to integrate with most retail software’s, allowing businesses to achieve multi-system integration through EDI producing a seamless exchange of data across systems. SPS works to connect all retail systems, from legacy to eCommerce their EDI solution can help businesses to create a focused, and efficient backend process that supports retail operations.
www.spscommerce.com

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Commerce Talks EP7: Tori Beal

Commerce Talks EP7: Tori Beal

Guest Bio

Tori Beal | Human Resources Manager

Tori has been a part of the Teamwork Commerce team for a little while, and as a result has a complete understanding of the culture, values and ethos at the core of the Teamwork brand. Through her role she has been essential at establishing a collective company culture that supersedes borders!

Overview

Teamwork Is The Core Value

Tori joined Teamwork because she saw the value of a collective group striving to bring positive change to the retail industry as well as the culture of positivity and collaboration.

“I don’t think at Teamwork you have to check a part of yourself at the door, you can be your full self & embrace your uniqueness.”

Diversity helps you to go beyond yourself, an environment where you can feel welcome and able to experience a variety of different things is so meaningful.

“Our differences, our cultures, that collective & when we all come together is what helps to make Teamwork so dynamic.”

When we celebrate our differences and our uniqueness that enhances the work environment and the experience for every staff member.

When we bring our full self to the table we get the most out of our teams and drive a more cohesive work environment in which everyone can thrive.

Teamwork Is Global

New staff have to be adaptable, we are always improving, striving towards the next goal or development, new staff have to be adaptable and open to growing, pivoting and innovating to drive overall growth.

Positivity is key, staff have to believe in being a part of a team and bring energy to the workplace, company and culture. New staff need to jump in and be engaged, eager to grow and be part of something that is bigger than themselves.

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