Flexible solutions cover full breadth of tax needs for Oracle ERP Cloud subscribers
Vertex Inc., the leading supplier of corporate tax solutions and Platinum level member of Oracle PartnerNetwork (OPN), announced today the launch of solutions for Oracle ERP Cloud that cover a complete range of tax needs for organizations that use Oracle ERP Cloud. The solutions are scalable to support companies of any size – from the smallest organizations to the largest multinational corporations. The solutions are being introduced in conjunction with the Oracle OpenWorld conference being held in San Francisco.
The cloud tax solutions were developed through a unique joint effort with Oracle. These solutions cover a multitude of critical tax needs, including:
Content (Geographies/Tax Rates/Tax Rules)
Reporting (Tax Returns/Reports)
Calculation/Determination (Application of Transaction Tax Calculation/Exceptions/ Exemptions)
Vertex’s initial solution covers sales tax rate and geography identification as well as an option for product/service taxability rules management. Also available is an outsourced service for automated sales tax returns filing and remittance.
In addition, Vertex and Oracle have developed a cloud-to-cloud tax calculation service that will allow customers with complex tax requirements to pass transactional information between ERP Cloud and the Vertex Indirect Tax O Series solution.
"With strong adoption of Oracle's market leading ERP Cloud, our customers increasingly demand a comprehensive and robust tax management solution that is fully integrated with the core ERP functions,” said Rondy Ng, senior vice president, applications development, Oracle. “Vertex’s tax content and reporting services provide a fast ROI option for mid-market companies adopting Oracle ERP Cloud, while our enterprise level customers can also now leverage the integrated advanced tax calculation services from Vertex O Series."
“In our 20-plus-year relationship with Oracle, we have collaborated on tax integrations for Oracle’s E-Business Suites 11i and R12 and now we are excited to deliver these joint solutions for ERP Cloud,” said John Viglione, Vertex executive vice president. “We look forward to working with Oracle’s ERP Cloud subscribers to provide advanced tax solutions to a full range of businesses and markets.”
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.