Vertex Inc., the leading provider of corporate tax solutions, announced today the launch of Vertex Indirect Tax Returns for value added tax (VAT). Now, Vertex delivers a tool that automates VAT compliance for corporations operating globally, dramatically improving efficiency and accuracy.
Vertex Indirect Tax Returns includes signature-ready VAT returns forms (in English or local country languages) that are automatically populated with data from Vertex's market leading indirect tax automation solution, Vertex Indirect Tax O Series. This end-to-end solution encompassing rules and rates, calculation, and compliance, replaces costly manual processes that many corporate tax departments currently use for managing global indirect taxes.
"U.S. state and local tax authorities, as well as federal governments across the globe, continue to increase indirect tax requirements and audit pressure," said Wendy Gerhart, Market Strategy Leader at Vertex Inc. “At the same time, companies have fewer resources available to keep pace with the increasing demands for tax compliance. Vertex now offers signature-ready VAT returns on a completely proven platform to further automate the full indirect tax lifecycle."
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.
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Tricia Schafer-Petrecz, Vertex Inc.