As the complexity and scrutiny of corporate indirect taxes has increased, so have the needs for companies to automate and better manage the audit process.
To help companies address these needs regardless of location or time, Vertex Inc.
, a provider of corporate enterprise tax solutions, now offers the company's industry leading software solutions, Vertex® Indirect Tax O Series and Vertex® Sales & Use Tax Returns, as on-demand, software as a service (SaaS) solutions for customers. The option of on demand provides anytime/anywhere access to sales and use tax and returns processing without the requirement of on-premise installation.
Companies can now 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.
"Offering O Series and Sales & Use Tax Returns helps companies unlock their strategic potential of tax, with a flexible IT-ready solution," said David Pelton, product line leader, Transaction Tax for Vertex. "Tax departments get a cost effective, easily deployed solution that better aligns them with the corporate IT shift toward SaaS deployments. More importantly, they get a solution backed by comprehensive and accurate sales and use tax data content that's updated monthly."
These remote hosted, web-enabled solutions offer centralized access to O Series and Returns and include customer on-boarding and access to the fully featured software, providing hosting hardware, customer support, and operational maintenance of the hosting environment. More importantly, they are backed by Vertex's full-time staff of tax researchers that provide the most robust, comprehensive tax data content available, updated monthly for fast implementation of business and tax changes.
With over thirty years of experience, Vertex is a trusted tax technology leader offering and hosting on-demand solutions. Unlike other SaaS options, this solution is maintained and supported by in-house tax technology experts.
"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," said Pelton.