Vertex Inc 's

Our industry is highly competitive and fragmented. Businesses employ a mix of approaches to address their indirect tax obligations, including:
in-house practices and spreadsheets that result in custom transaction-specific research, manual determination, static tax tables or rate calculator services, as well as manual filing and remittance activities;
businesses utilizing native Enterprise Resource Planning (?ERP?) capabilities with rudimentary tax determination capabilities, which are typically not designed for complex tax support and lack tax rates, rules and complex calculation functionality and require the user to manually track, input, maintain and update all tax law changes that occur;
outsourced transaction tax compliance services offered by accounting and specialized consulting firms; and
tax-specific solutions from other vendors. We believe customers consider the following factors when selecting indirect tax technologies:
ability to minimize compliance risk exposure associated with inaccurate and/or inconsistent determination and remittance of taxes;
ability to deliver real time tax determinations;
ease of deployment and use;
ease of integration with the customers business applications, across multiple systems;
ability to address multiple transaction tax compliance functions, from initial taxability and tax rate determination through compliance and remittance of funds;
lower total cost of ownership; and
continuously updated tax content applicable to the customers business.