Vertex Inc., the leading provider of corporate tax solutions, announced today the launch of a new Software-as-a Service (SaaS) option for the company's leading payroll solution.
The new Vertex Payroll Tax Q Series On-Demand software features minimal up-front costs, reduced implementation time and greatly reduced IT maintenance requirements relative to the traditional on-premise implementation of Vertex Payroll Tax. The on-demand model eliminates the need for companies to take delivery and implement onsite software, manage additional servers, and adhere to a strict monthly update schedule. All monthly updates, as well as new tools, applications and functionality are immediately available to SaaS users.
This new version of the solution also includes a never-before-offered address cleansing solution specifically designed for Payroll Tax On-Demand. Address cleansing provides a higher degree of precision for jurisdiction assignments, and enables clients to convert a street-level address to a single Vertex GeoCode, PSD (Political Sub-Division) Code, and School District Code.
“With Payroll Tax On-Demand, Vertex clients can reduce total cost of ownership and spend less time maintaining and updating technology, allowing them to focus more time on their core business,” said Wendy Gerhart, Market Strategy Leader at Vertex. “Payroll Tax On-Demand is especially appealing to small service providers due to the fact that we offer flexible, consumption-based pricing, allowing businesses to minimize upfront investment costs and completely operationalize the fees associated with use of their payroll tax calculation engine.”
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.