Vertex Tax Accounting Now Available on SAP Cloud Platform
King of Prussia, PA — Vertex, Inc., a leading provider of tax technology solutions and services, today announced the availability of Vertex Tax Accounting on SAP Cloud Platform.
Vertex Tax Accounting is an enterprise solution designed to help manage the volume, complexity and transparency requirements of the 21st-century tax department. It aligns financial and tax reporting while providing the tax department with a single source of tax-ready data for current and past periods for the end-to-end tax lifecycle. SAP Cloud Platform is an enterprise platform-as-a-service with comprehensive application development services and capabilities to help partners and customers accelerate their digital transformation strategy.
Companies across the globe can now access this enterprise-level tax accounting solution and realize all the benefits of SAP Cloud Platform, including:
- Faster start-up and time-to-value realization
- Reduced IT involvement and expense for tax technology maintenance
- Streamlined accessibility for users worldwide
- Scalability for growing organizations
- Greater flexibility, functionality and optimization
“This represents the next step in our 20-plus-year partnership with SAP. With this offering, Vertex is accelerating the speed of business by utilizing the underlying SAP HANA platform for our tax accounting solution,” said Paul Beirnes, director of strategic partnerships at Vertex. “We’re proud to align our tax technology solutions with SAP HANA and SAP’s cloud strategy. SAP Cloud Platform provides us with a foundation for growth and will enable us to add enhanced tax functionality to the solution faster.”
Vertex Tax Accounting is a global multi-ledger, multi-GAAP, multi-currency and multi-year solution that unifies data management from multiple sources and streamlines provision calculation. While the solution manages data from any source, users of SAP software can notably take advantage of an SAP-certified connector with the SAP Planning and Consolidation application to more efficiently automate two-way data flow between their financial and tax processes.
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.