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E-commerce Companies Embrace Outsourced Sales and Use Tax Compliance Service to Stay Focused on Growth
New Clients Bluefly, iN DEMAND, VetSource, and Bag, Borrow or Steal Achieve Compliance With Confidence With Sabrix Managed Tax Service
SAN RAMON, CA -- (Marketwire) -- 11/19/08 -- Sabrix, Inc., a leading provider oftransaction tax management for companies of all sizes, announced thatmultiple leading E-commerce companies rely on Sabrix Managed Tax Service(MTS), an outsourced sales and use tax service managed by skilled taxexperts. By outsourcing transaction tax compliance to Sabrix' trusted teamof tax experts, fast growth E-commerce companies including Bluefly, iNDEMAND, VetSource, and Bag, Borrow or Steal are able to focus on not onlygrowing their business, but also achieving compliance with confidence at alower cost.
E-commerce companies face complex sales and use tax challenges, but oftenlack in-house skilled tax experts to interpret tax laws and manage routinetax processes. These challenges include tracking nexus liabilities asbusiness activity changes, interpreting the product taxability of a broadset of products, and ensuring the highest degree of tax accuracy at theshopping cart level without negatively impacting site performance and thecustomer experience, all while keeping the total cost of compliance down inorder to preserve profits.
"In today's tight economy it's important that our organization is as leanas possible," said Cathy Kemnitz, Controller for VetSource. "By relying onSabrix tax experts we have access to on-demand tax expertise at a fractionof what it would cost to manage it in-house. Our business is growingexponentially and we are confident knowing Sabrix can cost-effectivelyscale to support us."
Sabrix MTS seamlessly integrates with E-commerce platforms to support theentire transaction tax lifecycle -- providing real-time address validationand tax determination and calculation at the shopping cart level throughthe delivery of signature ready returns prepared by Sabrix' team of taxprofessionals. Sabrix MTS delivers an on-demand version of the sametrusted tax engine and tax rate content used by leading global E-commercecompanies.
"We have coupled our proven technology with our SAS 70 certified bestprocesses and service from tax experts to deliver E-commerce companiesexactly what they need," said Pam Kostka, SVP of Corporate Marketing forSabrix. "With Sabrix MTS, E-commerce companies have confidence that theycan achieve compliance and stay compliant, even in the face of changingregulations like the state of New York's 'Amazon Tax' passed earlier thisyear. Our tax experts are constantly monitoring tax law and ensuringclients the highest degree of accuracy and confidence without having toinvest a fortune to get it."
Sabrix MTS is available as a subscription service, allowing companies topay based on their usage. More customer case studies and other informationare available online: http://www.sabrix.com/smb/solutions/
About Sabrix
Sabrix, Inc. is a leading provider of transaction tax management forcompanies of all sizes, enabling finance, tax, and IT professionals toachieve accurate, timely, and cost-effective compliance for sales tax, usetax, Value Added Tax (VAT), excise tax and industry-specific taxes andfees. The Sabrix Application Suite serves global enterprises such asAmazon.com, BASF, Cisco, DTE Energy, IBM, QUALCOMM, Sportsman's Warehouse,and York International. The Sabrix Application Suite seamlessly connectsto all financial applications requiring the determination, calculation, andrecording of transaction taxes. The company also offers the Sabrix ManagedTax Service(TM) (MTS), an outsourced transaction tax compliance servicethat helps finance departments of small-and-medium-sized businesseseliminate the hassle, control their audit exposure, and reduce the totalcost of sales tax, use tax, and VAT compliance. Sabrix MTS seamlesslyintegrates with a company's existing accounting and e-commerce systems,and, similar to outsourced payroll services, operates as a trustedextension of a company's finance department to address tax compliance fromstart to finish: address validation, tax rate maintenance, taxdetermination and calculation, returns preparation and filing as well asaudit research and documentation. For more information, please visitwww.sabrix.com.
For press inquiries:Aimee QuemuelCodey Communications415-753-9005Email Contact
"In today's tight economy it's important that our organization is as leanas possible," said Cathy Kemnitz, Controller for VetSource. "By relying onSabrix tax experts we have access to on-demand tax expertise at a fractionof what it would cost to manage it in-house. Our business is growingexponentially and we are confident knowing Sabrix can cost-effectivelyscale to support us."
Sabrix MTS seamlessly integrates with E-commerce platforms to support theentire transaction tax lifecycle -- providing real-time address validationand tax determination and calculation at the shopping cart level throughthe delivery of signature ready returns prepared by Sabrix' team of taxprofessionals. Sabrix MTS delivers an on-demand version of the sametrusted tax engine and tax rate content used by leading global E-commercecompanies.
"We have coupled our proven technology with our SAS 70 certified bestprocesses and service from tax experts to deliver E-commerce companiesexactly what they need," said Pam Kostka, SVP of Corporate Marketing forSabrix. "With Sabrix MTS, E-commerce companies have confidence that theycan achieve compliance and stay compliant, even in the face of changingregulations like the state of New York's 'Amazon Tax' passed earlier thisyear. Our tax experts are constantly monitoring tax law and ensuringclients the highest degree of accuracy and confidence without having toinvest a fortune to get it."
Sabrix MTS is available as a subscription service, allowing companies topay based on their usage. More customer case studies and other informationare available online: http://www.sabrix.com/smb/solutions/
About Sabrix
Sabrix, Inc. is a leading provider of transaction tax management forcompanies of all sizes, enabling finance, tax, and IT professionals toachieve accurate, timely, and cost-effective compliance for sales tax, usetax, Value Added Tax (VAT), excise tax and industry-specific taxes andfees. The Sabrix Application Suite serves global enterprises such asAmazon.com, BASF, Cisco, DTE Energy, IBM, QUALCOMM, Sportsman's Warehouse,and York International. The Sabrix Application Suite seamlessly connectsto all financial applications requiring the determination, calculation, andrecording of transaction taxes. The company also offers the Sabrix ManagedTax Service(TM) (MTS), an outsourced transaction tax compliance servicethat helps finance departments of small-and-medium-sized businesseseliminate the hassle, control their audit exposure, and reduce the totalcost of sales tax, use tax, and VAT compliance. Sabrix MTS seamlesslyintegrates with a company's existing accounting and e-commerce systems,and, similar to outsourced payroll services, operates as a trustedextension of a company's finance department to address tax compliance fromstart to finish: address validation, tax rate maintenance, taxdetermination and calculation, returns preparation and filing as well asaudit research and documentation. For more information, please visitwww.sabrix.com.
For press inquiries:Aimee QuemuelCodey Communications415-753-9005Email Contact
For more information, go to www.marketwire.com
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