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Stock impact report

CereTax Secures $9 Million to Drive Innovation and Expand the Team [Yahoo! Finance]

BigCommerce Holdings, Inc. - Series 1 (BIGC) 
Company Research Source: Yahoo! Finance
CereTax revolutionizes sales and use tax automation by combining the modernization of a true cloud solution with a relationship-first team of indirect tax experts. Unlike older tax systems plagued by long implementations, inflexibility, and scalability limits, CereTax provides a modern solution that meets the high demands of today's businesses with ease. This year, CereTax's revenue has more than tripled year-over-year while enabling 20+ channel partners. "Sales and use tax determination and compliance is complex and burdensome," said Aaron Perman , Partner at S3 Ventures. "The legacy solutions used by the vast majority of enterprises struggle to handle the complexity and scale of modern business, and errors can result in significant tax liabilities and penalties. We are excited to partner with CereTax for the long haul as they build the first new enterprise SaaS platform for indirect tax in twenty years." "With CereTax Sales Tax, we've seen a dramatic reduction in time spent on Show less Read more
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