Avalara Analyst Day Virtual

e-Invoicing represents Avalara's next global moat > Paradigm shift in how compliance will operate > Expands our TAM BY 2025: USD $20.5B Global e-invoicing and enablement market 80% Of organizations will be forced either by legislation or important trading partners to exchange invoices just in electronic format 2014 2015 2016 2017 2018 2019 2020 2021 Source: PwC e-invoicing and e-reporting CoE, September 2019 Billentis Report, The e-Invoicing Journey 2019-2025 AVALARA ANALYST DAY VIRTUAL | 12

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