Expanded Functionality for Vertex Clients who use SAP
Vertex Inc., the leading provider of corporate enterprise tax solutions and services, today announced the launch of the Vertex Indirect Tax Accelerator for SAP ERP platform. The new Vertex Tax Accelerator works with the SAP ERP Central Component (SAP ECC) to deliver a new level of functionality and process improvements for both domestic and global businesses utilizing SAP tax integration solutions.
Designed specifically for companies running SAP, the Vertex Tax Accelerator is the first result of an expanded partnership with LCR-Dixon to build scalable enterprise solutions for tax and ERP integrations. The Vertex Tax Accelerator for SAP ERP provides SAP clients a simplified solution to address common gaps in the tax determination process, improves the precision of their transaction tax operations and helps to realize a quicker return on their investment with an end-to-end solution. Customers using the Vertex Tax Accelerator with Vertex O Series and SAP ECC can expect a lower cost of ownership through lower IT and consulting involvement in implementing, configuring and managing the entire tax lifecycle.
Direct benefits of the Vertex Tax Accelerator for Vertex and SAP customers include:
Greater control over their SAP and Vertex integration and tax processes;
Improved decision making opportunities through improved visibility into reporting and reconciliation;
Reduced implementation risk by the use of SAP standard interface technology and certified solutions;
Enhanced capability for global tax automation and insight; and
Ability to grow and add future enhancements from an integrated solutions platform.
“The combination of Vertex O Series and the Vertex Tax Accelerator for SAP ERP creates a paradigm shift for clients who integrate with SAP, providing an unparalleled level of visibility and control,” said Paul Beirnes, Director of SAP Solutions Practice at Vertex. “We’ve leveraged the standard SAP interface technology in a way that reduces implementation, operations and support work. Driving costs down and providing greater insight to critical tax processes will provide additional value for our U.S. and multinational clients.”
New SAP customers will receive the Vertex Tax Accelerator as a standard component of the Vertex Indirect Tax O Series solution, which was recently re-certified by SAP. Existing Vertex O Series customers on SAP can also take advantage of the new capabilities by upgrading to the Tax Accelerator and O Series Version 7.0.
Since 1978, Vertex, Inc., has been a leading provider of tax technology and services, enabling companies of all sizes to realize the full strategic potential of the tax function by automating and integrating tax processes, while leveraging advanced and predictive analytics of tax data. Vertex provides cloud-based and on-premise solutions that can be tailored to specific industries for every major line of tax, including income, sales and consumer use, value added and payroll. Headquartered in Pennsylvania, and with offices worldwide, Vertex is a privately held company that employs over 900 professionals and serves companies across the globe.