Tax management.Vertex Inc., a provider of tax management solutions, has announced that its Vertex O Series line of products for Web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. environments is now integrated with PeopleSoft Enterprise 8.4 and 8.8. The integration will provide PeopleSoft customers with a solution that improves tax management efficiencies for sales and consumer use tax through one centralized system In telecommunications, a centralized system is one in which most communications are routed through one or more major central hubs. Such a system allows certain functions to be concentrated in the system's hubs, freeing up resources in the peripheral units. , the company said in an announcement. Customers "will be able to verify vendor-charged tax, automate accrual of consumer use tax, save time on month-end reconciliation and achieve more accurate sales and consumer use tax processing." The Vertex O Series platform has been designed to support every major tax type, delivering an integrated suite of solutions that share a common user interface. Deployed in a Web services environment, its eXtensible Markup Language See XML. (language, text) Extensible Markup Language - (XML) An initiative from the W3C defining an "extremely simple" dialect of SGML suitable for use on the World-Wide Web. http://w3.org/XML/. (XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. ) interface provides a single integration point to one or more ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. , e-commerce, financial or billing systems, to help customers reduce costs associated with tax processing. The tools provided through the integration improve enterprise-wide tax process visibility, which, in turn, will help companies meet the requirements of Sarbanes-Oxley and its increased emphasis on reporting and corporate accountability, Vertex says. The latest release offers additional flexibility to create unique taxability categories and to define and apply their own tax rules. Search mechanisms have been enhanced to allow for easier retrieval of data, and configuration options provide more flexibility in applying the jurisdiction identification component. Headquartered in Berwyn, Pa., Vertex claims to serve more than 10,000 customers worldwide. Its solutions "automate processes and enhance decision information across every major line of business tax, including income, sales, consumer use, value-added, communications, payroll and property," the announcement noted. It also has relationships with such enterprise software providers as SAP AG (company) SAP AG - (Systeme, Anwendungen, Produkte in der Datenverarbeitung - German for "Systems, Applications and Products in Data Processing") A company from Germany that sells the leading suite of client-server business software. The US branch is called SAP America. , Oracle Corp., IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Corp. and Microsoft Corp. Web: www.vertexinc.com |
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