Financial Technology

Financial Technology

July 24, 2012

Vertex Launches On-Demand Platform for Indirect Tax Management

Vertex (News - Alert) Inc., the leading provider of corporate enterprise tax solutions, has started offering Vertex Indirect Tax O Series and Vertex Sales & Use Tax Returns. The solution is being offered as On-Demand, Software-as-a-Service (SaaS (News - Alert)) solutions for customers. The needs for companies to automate and better manage the audit process have witnessed growth, as the complexity and scrutiny of corporate indirect taxes has increased tremendously.

With the On-Demand option, Vertex provides customers with anytime/anywhere access to sales and use tax and returns processing without the need of on-premise installation. Along with automating and manage their indirect tax processes, the users can also access the benefits of a hosted solution. As the solution is web-based, it offers centralized access to O Series and Returns. The solution also addresses customer on-boarding and access to the fully-featured software, providing hosting hardware, customer support and operational maintenance of the hosting environment.

In a press release, David Pelton, Product Line Leader, Transaction Tax for Vertex, said, “Offering O Series and Returns On-Demand help companies unlock their strategic potential of tax, with a flexible, IT ready solution. Tax departments get a cost effective, easily deployed solution that better aligns them with the corporate IT shift towards SaaS deployments. More importantly, they get a solution backed by comprehensive and accurate sales and use tax data content that's updated monthly.”

Pelton added that the result is accurate, reliable solutions that improve efficiency and cost savings as Vertex manages these time consuming processes for the customer and reduces their need for IT support. With over 30-years experience in the industry, Vertex helps companies realize the full financial and strategic potential of corporate tax, offering a variety of solutions that streamline, integrate and automate corporate tax processes.

Vertex Inc. was recently in news when the company was named European Tax Innovator of the Year at International Tax Review's (ITR) seventh annual European Tax Awards. Vertex was selected from a field of eight other technology and service providers based on the implementation of the company's software solution, Vertex Indirect Tax O Series, by Starbucks Coffee Company.

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Edited by Brooke Neuman

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