Vertex launched a new integration of its Vertex Lease Tax O Series with Alfa Start. Alfa Start, built exclusively for auto leasing operations, is the preconfigured edition of the cloud-based Alfa Systems.
Managing the tax complexity on lease and rental transactions with confidence is critically important for businesses. The constant changes in rates and rules across jurisdictions, states and products creates a need for integrated software to calculate indirect taxes for all lease transactions.
Vertex’s tax technology will enable Alfa Start customers to automate tax for transactions throughout the life of a lease. Alfa clients also will be able to simplify exemption certificate management with Vertex’s O Series, reducing risk, creating a single digital data repository and improving audit performance.
Simon Clark, director of product and delivery in the Americas for Alfa, said: “This new solution from Vertex and Alfa Start provides auto leasing companies with a unified platform tailored to their specific tax needs so they can focus on accelerating growth.”
The integration, combined with Alfa Start, will enable customers to simplify and automate taxation on lease transactions and provide visibility and control across business operations while improving tax accuracy.
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Integrating a Vertex tax engine with your lease management system allows your tax department to effectively control and manage all tax decisions from lease origination to invoicing.
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