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.
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...
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...
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