SEATTLE - Avalara, Inc. (NYSE:AVLR), a prominent provider of tax compliance automation software, announced today the promotion of Ross Tennenbaum to President. Tennenbaum, who has been with the company for five years, steps up from his role as Chief Financial Officer, a position he held since 2020. His tenure as CFO saw Avalara surpass $1 billion in revenue in 2023.
In his new capacity, Tennenbaum will helm the majority of Avalara's operations, including its flagship products such as Avalara AvaTax, Avalara Returns, and Avalara Exemption Certificate Management. His oversight will extend to customer and compliance operations, finance, India operations, and legal functions.
Tennenbaum's history with Avalara includes a stint as Executive Vice President of Strategic Initiatives, directly contributing to the company's growth. His broader experience includes a decade in investment banking with Goldman Sachs (NYSE:GS) and Credit Suisse (SIX:CSGN), where he notably led Avalara's initial public offering in 2018.
Scott McFarlane, co-founder and CEO of Avalara, praised Tennenbaum's contributions to the company's growth and efficiency. McFarlane highlighted Avalara's ambitious goal to be integrated into every transaction worldwide and expressed confidence in Tennenbaum's ability to drive company-wide improvements and enhance customer experiences.
Avalara's solutions are designed to streamline tax compliance for more than 41,000 business and government customers across 75 countries. The software integrates with over 1,200 partners in e-commerce, enterprise resource planning, and other billing systems, facilitating tax calculations, document management, tax return filing, and content access.
The information for this news article is based on a press release statement from Avalara.
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