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Vertex Inc   (VERX)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology

Vertex Inc 's

Competitiveness


 

VERX Sales vs. its Competitors Q3 2024







Revenue Growth Comparisons




Net Income Comparison




<<  VERX Stock Performance Comparisons


Vertex Inc 's Comment on Competition and Industry Peers


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.



*Market share is calculated based on total revenue.

  News about Vertex Inc Contracts

Recognizing Women in Tech: Vertex, Inc. Leaders Make CRN's 2024 Women of the Channel List as Company Expands Technological Frontiers

May 13, 2024
Vertex, Inc. (NASDAQ:VERX), a leading provider of tax technology solutions, recently announced the esteemed recognition of four of its female leadership members in CRN's 2024 Women of the Channel list. Sarah Bourne, Bianca Fleischman, Marion Hurn, and Kayla Sanderson were among this year's honorees for their transformative influence and pioneering leadership within the tech industry.CRN, a brand of The Channel Company, presents its Women of the Channel list annually with the aim of celebrating the accomplishments of women from vendor, distributor, and solution provider organizations. The list spotlights those leaders whose creativity, vision, and business acumen have contributed substantial advancements with...

Vertex Inc. Achieves Certified Integration with Mirakl Marketplace, Enhancing Global Indirect Tax Automation for Online Marketplaces

December 18, 2023
Vertex Achieves Certified Integration with Mirakl Marketplace for Global Indirect Tax Automation
In today's rapidly evolving business landscape, online marketplaces have become pivotal for retailers to reach a broader customer base and drive their sales growth. However, managing the complex web of global indirect taxes can be a daunting task, one that often requires significant time, effort, and resources. Understanding this challenge, Vertex Inc., a leading provider of tax technology solutions, has partnered with Mirakl, the renowned online marketplace platform, to offer an integrated solution that enables enterprise-class global indirect tax automation for Mirakl customers operating online marketplaces...





Publicly Traded Peers of Vertex Inc




Avalara Inc.
Share Performance



+0.95%
30 Days



Avalara Inc.
Profile

is a leading provider of tax compliance automation for businesses of all sizes

More about Avalara Inc.'s Market Share

Market Cap. Revenues TTM Net Income TTM
$ 8,225.212 mill. $ 789.432 mill. $ -166.385 mill.




Sources: Vertex Inc and all companies mentioned above in this report


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