STOCK TITAN

DAVO Partners with Lightspeed to Fully Manage Sales Tax for Restaurants and Retailers in the U.S.

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

DAVO Technologies has launched its automated sales tax service on Lightspeed's Restaurant and Retail platforms in the United States. This service offers Lightspeed customers a hassle-free solution for managing sales tax, setting aside funds daily and filing payments monthly or quarterly. The service costs $39.99 per month per location. Lightspeed aims to enhance operational efficiency for small and medium-sized businesses, providing them the ability to focus on growth rather than tax management.

Positive
  • Launch of automated sales tax service enhances operational efficiency for Lightspeed customers.
  • Service provides protection against late payment fines from the state.
  • Affordable pricing at $39.99 monthly per location.
Negative
  • None.

WESTBROOK, Maine, Nov. 18, 2020 /PRNewswire/ -- DAVO Technologies now offers its automated sales tax service on Lightspeed's Restaurant and Retail platforms in the United States.

Lightspeed customers can now enjoy a fully automated, hands-off sales tax management solution, freeing up valuable time while also being protected from large late payment fines from the state. DAVO Sales Tax sets aside their sales tax funds daily, then files and pays them to the state when due every month or every quarter.

"Managing sales tax requires detail and time," says Peter Dougherty, Lightspeed's Vice President of Partnerships. "We are excited to partner with DAVO to give Lightspeed merchants the ability to put the sales tax management hassle behind them and to spend that time on what matters: growing their business."

"Restaurants and retailers need every advantage they can get these days," says Peter Murray, CEO of DAVO. "We really like what Lightspeed is doing to help their customers automate back office tasks and DAVO Sales Tax is a great addition to further build out this wonderful platform."

DAVO Sales Tax is available on Lightspeed Restaurant and Lightspeed Retail for $39.99 per month per location. More information can be found at davosalestax.com/lightspeed.

ABOUT DAVO TECHNOLOGIES

DAVO puts sales tax on autopilot by using sales data from retailer POS systems to set aside the exact amount of sales tax collected daily and then filing it and paying it when it's due. Founded in 2015, DAVO's automated sales tax service is available through direct integrations with many popular POS platforms and only takes a few minutes to set up.

For more information, please visit: www.davosalestax.com 
On social media: LinkedIn, Facebook, Instagram, YouTube, and Twitter

ABOUT LIGHTSPEED

Lightspeed (NYSE and TSX: LSPD) powers complex small and medium-sized businesses with its cloud-based, omnichannel commerce platforms in over 100 countries. With smart, scalable and dependable point of sale systems, Lightspeed provides all-in-one solutions that drive innovation and digital transformation within the retail, hospitality and golf industries. Its product suite enables SMBs to sell across channels, manage operations, engage with consumers, accept payments and ultimately grow their business.

Headquartered in Montreal, Canada, Lightspeed is trusted by favorite local businesses worldwide, where communities go to shop and dine. Lightspeed has staff located in Canada, USA, Europe, and Australia.

For more information, please visit: www.lightspeedhq.com 
On social media: LinkedIn, Facebook, Instagram, YouTube, and Twitter  

Contact:
Don Petersen, Director of Business Development
Direct: 888-659-8432
press@davosalestax.com

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/davo-partners-with-lightspeed-to-fully-manage-sales-tax-for-restaurants-and-retailers-in-the-us-301175251.html

SOURCE DAVO Technologies

FAQ

What is the new offering from DAVO Technologies with Lightspeed?

DAVO Technologies has launched an automated sales tax service for Lightspeed's Restaurant and Retail platforms.

How much does the DAVO Sales Tax service cost with Lightspeed?

The DAVO Sales Tax service costs $39.99 per month per location.

When was the DAVO Sales Tax service launched for Lightspeed?

The service was launched on November 18, 2020.

What benefits does the DAVO Sales Tax service provide?

The service helps manage sales tax automatically and protects customers from large late payment fines.

What platforms are supported by the new DAVO sales tax service?

The service is available on Lightspeed's Restaurant and Retail platforms.

Lightspeed Commerce Inc.

NYSE:LSPD

LSPD Rankings

LSPD Latest News

LSPD Stock Data

2.68B
136.79M
9.92%
61.02%
3.19%
Software - Application
Technology
Link
United States of America
Montreal