From our humble beginnings supplying tax reference manuals in 1978 to our latest web-based innovations with Vertex® Indirect Tax O Series® for and Vertex® Provision for direct tax, Vertex has spent 30 years evolving tax process automation.
1978 |
Ray Westphal purchases Vertex, a rate directory business, from Sorbus. Vertex opens shop in rented space in the ANRO building in Wayne, Pennsylvania. Antoinette Westphal joins Vertex as its first employee. |
1982 |
Products include Sale Tax Magnetic Tape Service Rate Directory, Rate File, Reporter Programs, National Property Tax manuals, and the GeoCode list. |
1987 |
Vertex rolls out its National Sales Tax manuals, which include all general jurisdiction and products rules and regulations. Vertex moves into Cassford Corporate Center in Berwyn. |
1988 |
Three Westphal children – Stefanie, Jeff, and Amanda join the business. Vertex employs 20 people. |
1989 |
PC-based returns preparation systems, Sales Tax PC Returns and Sales Tax Exemption manager, are introduced; core tax areas in place. Vertex changes its name to Vertex Inc. |
1990 |
Vertex shifts to partnering relationships with Big 5 consulting and ERP (Enterprise Resource Planning) companies. Companies begin to change the way they buy and use software, modifying it to interact with specific information systems, hosted on a mainframe or mini-computer. All three Westphal children are now on the Board of Directors. |
1995 |
Microsoft Windows interface begins to dominate. Vertex introduces Quantum family of products – Quantum for Sales and Use Tax, Quantum Returns, Quantum for Property Tax, and Quantum for Payroll Tax. |
1996 |
Jeff Westphal succeeds his father Ray as President of Vertex Inc. and utilizes the Corporate Leadership Team, his executive management group, for business growth, customer intimacy, and operational excellence initiatives. |
1999 |
Opportunity to provide standard interface between Vertex products and ERP systems is realized with the emergence of packaged ERP software systems; 70% of all new sales revenue result of ERP-interface channels. |
2000 |
Vertex begins to offer customers the opportunity to download monthly data files from its website vertexinc.com. Business Case for O Series, a web-based product, introduced. |
2001 |
After 23 years of service, Ray and Antoinette Westphal retire. Jeff Westphal becomes President and CEO of Vertex Inc. |
2001 |
Vertex named as Best Place to Work in Pennsylvania in the large-sized company category. |
2002 |
Vertex purchases Andersen Income Tax Software Group - the Arthur Andersen Tax Technology Enterprise; 197 new employees are offered employment contracts. Vertex undergoes major rebranding effort and tagline becomes, "Welcome to a world where taxation meets innovation." O Series unveiled at Vertex Exchange. VOS (Vertex Operating System), integrating culture, business processes, information management, structures and roles, introduced as the way work will be accomplished at Vertex. |
2004 |
Oracle application project goes live at Vertex, upgrading and unifying Vertex systems. Advent of Sarbanes-Oxley creates significant changes in tax industry. |
2005 |
O Series begins to gain traction in the market and by year's end, 100 customers are in various stages of implementation. |
2006 |
Companies with assets of $50 million or more that file 250 or more tax returns, are required to file tax returns electronically – Sarasota implements e-file - Income Tax – Domestic and Income Tax – International. |
2007 |
Vertex opens first International office in London, United Kingdom. |
2008 |
Vertex acquires Levyti Consulting LLC's Global Tax Office (GTO) tax accounting system. Returns Processing Center opens in Chicago. First Exchange Europe held in Brussels, Belgium and over 50 global indirect taxation clients attend. |
2008 |
Vertex hosts industry's first global indirect taxation conference, Vertex Exchange Europe. |
2009 |
Product support achieves 10th consecutive Support Capabilities and Performance (SCP) certification for 2009. Vertex is the only company in the tax software industry to achieve SCP certification and Vertex has achieved this goal consistently for 10 years. |
2010 |
Vertex establishes Brazilian operations, Vertex Global Solutions Brasil Ltda. |
2010 |
Vertex introduces Vertex Enterprise, a new standard for tax operations excellence, at the 2010 Exchange Customer Conference in Orlando. Vertex Enterprise is an end-to-end solution that integrates all tax processes with host ERP and BI systems on a single platform. |
2011 |
Vertex introduces two key building blocks of Vertex® Enterprise: Vertex® Tax Data Warehouse, the first commercially available tax data warehouse, and Vertex® Tax Accounting, an innovative solution for global provisioning. |