Sales Tax Calculation Systems

Corporate tax departments are faced with the overwhelming task of achieving compliance even as the complexities and dynamics of indirect taxes continually increase.

Vertex has assisted over 10,000 companies in this effort by providing tax automation solutions that have resulted in greater compliance and substantially reduced the costs associated with achieving this higher level of compliance.

Benefits

• Greater Accuracy and Compliance, in a Fraction of the Time: Vertex tax solutions automate most of the procedures required to achieve compliance; which allows tax department staff to focus on higher-value tasks
• Solutions for Any IT Infrastructure: Vertex offers a tax automation solution for legacy/mainframe and client/server environments as well as web-services and Service-Oriented architectures
• Easy Integration with your ERP: Vertex solutions integrate with all leading ERP systems including SAP, Oracle, PeopleSoft, JD Edwards and others to yield faster, less costly implementation, and easier maintenance
• Brand and Reputation Protection: Monthly updates of tax rates and rules, provided by Vertex protect your reputation with customers and vendors by ensuring the correct tax is applied to invoices throughout your various sales channels
• Sarbanes-Oxley Compliance: SAS 70 compliant research and processes provide assurance that your SOX compliance needs are met
• Audit Defense:  Advanced reporting and security logs provide the necessary documentation to minimize audit assessments

Vertex^® Sales Tax O Series^®

Vertex O Series is our premier Service Oriented Architecture (SOA) indirect tax management solution for sales tax, consumer use tax and value added tax compliance. Vertex O Series also provides industry specific functionality for those in the leasing and retail industries.

Al lines of tax mentioned above are managed on a common Integrated Platform called the Transaction Processing System (TPS). TPS was designed using broadly adopted, open, web-oriented technologies (e.g. J2EE, JSP, HTML, XML, SOAP) providing tremendous flexibility for integration with ERP/financial software, depending on your specific business needs. Options include Direct Call (Java-to-Java), Proxy Client (via HTTP), and Web Services (SOAP, XML messages).

Vertex^® Sales Tax Q Series^®

Vertex Sales Tax Q Series blends the most accurate and timely state and local tax research in the industry with advanced open systems and Windows® technology to take you to a whole new level of tax compliance confidence. This client/server solution offers many of the same features as our Vertex O Series product including enhanced jurisdiction identification and interoperability with Vertex Returns solutions.

Vertex^® Sales Tax L Series^®

For organizations still working inside legacy mainframe environments, Vertex Sales Tax L Series offers many of the same features as Vertex O Series and Vertex Q Series.

Features

• Up-to-Date Tax Rates and Rules are included with the system and provide coverage for over 8,000 taxing jurisdictions (including county, city, and district US jurisdictions). To keep your system current on continually changing tax rates and other important tax information, updates are provided each month by Vertex's accredited tax research professionals.
• Accurate Jurisdiction Identification through the TaxGIS component of the system identifies the appropriate taxing jurisdiction boundaries on an address.
• Exceptions to Ordinary Tax Rules such as maximum tax, tiered tax and rounding are easily handled within Vertex O Series.
• Security and Audit Log offers controlled access through role based security, to assure your tax management processes are in compliance with Sarbanes-Oxley requirements.
• Taxability Manager is a Web-browser based tool used for the efficient and effective management of the taxability applied to the transactions processed by the system.
• Transaction Tester allows you to validate the results that will be returned to the financial system during production processing.
• The Centralized Architecture of Vertex O Series can be deployed in a remote call or direct call model and supports multiple ERP, CRM or Purchasing/ Procurement systems, eCommerce applications or any system that has a need for an accurate sales, consumer use, or value added tax calculation.
• Rate Lookup Utility queries the Vertex O Series rate and rule database using input address information and returns the jurisdictions and their standard tax rates for the location and provides additional special information such as jurisdiction overrides, or maximum tax limits.
• Vertex O Series reporting database, the historical accumulation of all transaction result data produced by the calculation engine, supports business critical tax compliance processes. This feature also can be used directly with Vertex Sales Tax Returns solution to automatically fill out and submit sales tax returns.
  

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Learn more about Vertex Sales Tax O Series or contact us today.