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Vertex Expands On-Demand Platform to Include VAT Management.

Vertex's Industry Leading VAT Management Software Now Available as Software-as-a-Service

BERWYN, Pa. -- Vertex Inc., the leading provider of corporate enterprise tax solutions, today announced that the company now offers Vertex Indirect Tax O Series for Value Added Tax (VAT) management as an on demand, Software-as-a-Service (SaaS) for U.S.-based multi-national corporations. Tax teams based in the U.S. can now access Vertex's VAT management software in the cloud, allowing them to alleviate the burden and costs associated with maintaining global VAT, GST and other indirect tax rates, rules, and logic, without an on premise installation.

"U.S. multinational businesses are facing an increasingly hyper-regulatory environment in global indirect tax, including challenges in VAT management and global indirect tax risk management," said Dave Pelton, Product Line Leader, Transaction Tax for Vertex. "By enabling these companies to manage and process VAT through a software-as-a-service model, Vertex offers them an IT-ready, easily deployed solution that includes industry leading tax content with global coverage."

The addition of VAT management to Vertex's On-Demand portfolio follows the company's initial SaaS offering of Vertex O Series supporting North American sales and use taxes and Returns. Vertex's On-Demand solutions allows companies to automate and manage their indirect tax processes, while also accessing the benefits of a hosted solution, including the elimination of up-front capital expenditures and customer application support and maintenance, the ability to deploy solutions rapidly, a lower total cost of ownership and a decrease in the time it takes to realize value.

Vertex is recognized as an innovator in global indirect tax management, having recently received software accreditation from the Institute of Chartered Accountants in England and Wales (ICAEW), and was named European Tax Innovator of the Year by International Tax Review magazine.

For more information about Vertex Indirect Tax O Series On-Demand, visit: http://bit.ly/NiVIx2

About Vertex

Founded in 1978, Vertex Inc. is the leading provider of corporate enterprise tax software and services worldwide.

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 solutions serve multinational corporations in every major line of business tax including; income, sales, consumer use, value added, communications and payroll.

The company's offerings are showcased by Vertex[R] Enterprise, a data-driven, open-architecture approach to tax technology that integrates all direct and indirect tax processes and technologies with host financial system applications on a single platform. The result is increased efficiency, control, transparency and strategic decision making for Tax and Finance departments.

Vertex is a privately held company that employs over 700 professionals across the globe, at its headquarters in the U.S. (Berwyn, Pa.) and offices in Europe (London), Brazil (Sao Paulo), Dallas, Fort Collins, Naperville, Phoenix and Sarasota.

For more information about Vertex, visit www.vertexinc.com For more information on Vertex[R] Enterprise visit www.vertexinc.com/enterprise
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Comment:Vertex Expands On-Demand Platform to Include VAT Management.
Publication:Business Wire
Geographic Code:1U3IL
Date:Nov 8, 2012
Words:562
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