New features include exemption certificate handling and global
transaction tax data management
Exemption Certificate Portal (ECP), a customer self-service web portal
that provides automated functionality for certificate collection,
validation and provision of electronic signatures, as well as an
enhanced communications workflow.
Support for Interstate Commerce reporting, required on many States'
sales and use tax returns.
The addition of United Nations Standard Products and Services Code®
(UNSPSC®) support, which includes pre-mapped codes to
specific categories, significantly reducing setup and configuration
Support for Standard Audit File for Tax (SAF-T), an international
standard for the electronic exchange of accounting data from
organizations to tax authorities/auditors, offered in an
XML-structured report format featuring reusable filters for
Additional rates and rules useful to companies in the hospitality
industry, including data for lodging and occupancy taxes.
BERWYN, Pa.--(BUSINESS WIRE)--
Vertex Inc., the leading provider of corporate enterprise tax solutions
and services, announced today the availability of Vertex®
Indirect Tax O Series®Version 7.0.
Vertex O Series provides tax professionals with an enterprise-level
indirect tax management solution that automatically determines
taxability and jurisdictions; maintains accurate tax rates; and
calculates Sales and Use Tax for state and local jurisdictions across
the U.S., and VAT worldwide. In addition, the solution includes a data
repository with flexible reporting capabilities. The latest software
release from Vertex includes new and expanded functionality that enables
automation of a broader range of transaction tax scenarios.
Major enhancements of Vertex O Series 7.0 include:
“We are enhancing our industry leading Vertex O Series software by
offering a web-based portal to streamline exemption certificate
management, significantly increasing the tax research content, and
adding functionality for simplified setup,” said Wendy Gerhart, market
strategy leader at Vertex. “Our goal is to provide the most
comprehensive set of tools in the market to help corporate tax
professionals effectively manage indirect taxes. This enables tax
departments to achieve greater levels of efficiency and focus on
higher-value strategic business initiatives.”
Founded in 1978, Vertex Inc. is the leading provider of corporate
enterprise tax software and services worldwide. Vertex helps
corporations 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
The company’s offerings are showcased by Vertex® 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 800 professionals
across the globe, at its headquarters in the U.S. (Berwyn, Pa.) and
offices in Europe (London), Brazil (SÃo Paulo), Dallas, Fort Collins,
Naperville, Phoenix and Sarasota.
For more information about Vertex, visit www.vertexinc.com
Noelle Lorine, 610-263-8300
Source: Vertex Inc.