Funding
Funding not disclosed
Founders
Product
Problem
Businesses face increasing complexity in managing global tax compliance due to constantly changing regulations, diverse tax types (sales & use, VAT, etc.), and the need to integrate with various ERP, e-commerce, and POS systems. Inaccurate tax calculations, manual reporting processes, and lack of real-time insights can lead to errors, audits, and financial losses.
Solution
Vertex provides a suite of tax technology solutions designed to automate and streamline tax compliance across various business sizes and industries. The platform offers end-to-end capabilities, including tax determination, data & insight, compliance & reporting, and document management. By integrating with existing systems, Vertex enables businesses to accurately calculate taxes, manage filings, and gain real-time visibility into their tax positions, reducing risk and improving operational efficiency.
Target Audience
Vertex primarily serves mid-size to enterprise-level businesses across various industries, including communications, hospitality, leasing, oil & gas, medical, and retail/e-commerce, that require comprehensive tax compliance solutions.
Features
- Global tax determination engine (TaxCalc) for accurate calculations across jurisdictions and tax types
- Automated compliance and reporting tools (TaxCompliance) to streamline filings and cross-border commerce
- Data analytics and insights (TaxInsight) to proactively identify and manage tax-related risks
- E-invoicing solution to automate real-time reporting and e-invoicing management
- Integrations with ERP, e-commerce, procurement, POS, and subscription billing systems
- Support for various tax types, including sales & use tax, VAT, consumer use tax, and communications services tax
- Managed services for outsourcing administrative tasks related to indirect tax and exemption certificate management