Anrok
Anrok automates sales tax compliance for SaaS companies, offering a comprehensive global solution integrated with various financial systems.
Anrok Services
Anrok offers a comprehensive platform that automates sales tax compliance for SaaS companies. The platform includes features for sales tax calculation, filing, and remittance. Additionally, Anrok supports both US sales tax and global VAT and GST compliance. Clients benefit from real-time tax calculation, automated compliance, exposure monitoring, and a transparent pricing model tailored to the needs of businesses of different sizes.
Sales Tax Solutions for SaaS Companies
Anrok's platform is specifically designed to address the complexities of sales tax for SaaS companies. The platform handles the nuances of software billing models and remote teams, offering features like VAT ID validation for international transactions and tools for tracking how remote employees impact compliance and physical nexus exposure. Anrok provides a global solution with integrated tools for sales tax reconciliation, built-in remittance, and monitoring of economic and physical nexus in real-time.
Anrok Financing Rounds
Anrok has successfully raised substantial funding to expand its operations and enhance its offerings. The company secured $4.3 million in seed funding to solve sales tax issues for SaaS companies. This was followed by a $20 million Series A round, co-led by Index Ventures and Sequoia. More recently, Anrok raised $30 million in a Series B funding round led by Khosla Ventures. These investments underline the confidence of investors in Anrok's potential to revolutionize sales tax compliance.
Anrok Integrations
Anrok's platform integrates seamlessly with a variety of billing, payment, and HR systems, providing a hassle-free experience for users. Popular SaaS finance tools such as NetSuite, QuickBooks, and Stripe can be integrated with no coding required. This flexibility simplifies the process of managing sales tax compliance across different software stacks, ensuring accuracy and efficiency in tax related activities.
Anrok Platform Features
Anrok's platform boasts an array of features designed to optimize sales tax compliance. These include real-time tax calculation, automated compliance, and exposure monitoring. The platform supports real-time monitoring of economic and physical nexus, VAT ID validation, and automates the collection of sales tax on invoices. Additional tools for sales tax reconciliation, exposure modeling, and exporting detailed logs for audit purposes are also included, making the platform a robust solution for complex sales tax needs.