Despite sluggish economic growth across all the industrial sectors around the world, BillSoft (News - Alert), a provider of indirect taxation solutions, has experienced strong financial results for the fiscal year, ended March 31, 2012.
According to a statement, the company saw an annualized growth of 16 percent, as compared to the prior year, which continues a 15-year trend of continuous growth for Kansas-based BillSoft.
“Since we opened our doors in 1997, we have grown year after year,” said Tim Lopatofsky (News - Alert), CEO of BillSoft. “This past year we grew our business while making the necessary investments for the future of the organization. Our compliance business maintains an accelerated growth rate and we continue to develop new products that provide solutions to the challenges our customers face.”
With such strong year-end financial results, the company grew over 40 percent with new positions in many areas of the business. That growth remains just as strong today, with open positions in sales, software engineering, quality assurance and tax research.
Founded in 1997, the company offers indirect taxation solutions for about750 distinct products, with taxation in 100 countries and approximately 300 detailed tax descriptions built-in. BillSoft offers "Your Total Tax Solution,” which encompasses geo-coding, tax calculation, consulting, and compliance services, all while supporting major platform environments and standard interfaces.
“As we build and strengthen our position in the indirect taxation markets such as, telecom and sales and use,” Lopatofsky says. “We continually look for highly skilled, knowledgeable and experienced individuals to add to our growing team.”
In other company news, TMCnet reported that BillSoft has introduced a new mobile version of its website to meet high demand, with an aim to address the rapidly expanding base of users that browse the Internet via their mobile device.
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Edited by Allison Boccamazzo