TMCnet News
Vertex Receives European Tax Innovator AwardLONDON & BERWYN, Pa. --(Business Wire)-- Vertex Inc., the leading provider of corporate enterprise tax solutions, was named European Tax Innovator of the Year at International Tax Review's (ITR) seventh annual European Tax Awards, held May 16 at the Dorchester Hotel in London. Vertex (News - Alert) is the first winner in the inaugural year of the award, which recognizes companies whose products or processes have done the most to help taxpayers manage their affairs more efficiently. Vertex was selected from a field of eight other technology and service providers based on the implementation of the company's software solution, Vertex® Indirect Tax O Series®, by Starbucks Coffee Company. Starbucks utilized O Series for the automation and consistent treatment of tax data to ensure accurate calculation and reporting of taxes across multiple countries, including several European Union (EU) member states. The software is currently implemented for the United Kingdom, Germany, the Netherlands, and Ireland, as well as the U.S. and Canada. Due to the scalability of the software, Starbucks plans to implement for additional EU and non-EU countries in the future. "Vertex's core mission is to unleash the strategic potential of corporat tax for companies worldwide," said Jeff Westphal, Chief Executive Officer and President of Vertex Inc. "This award recognizes that mission and its importance to global, multi-national corporations." "This is the first year of the award for tax innovation and I think we have found a worthy winner," said Ralph Cunningham, Managing Editor, International Tax Review. "It was clear that Vertex delivered the most value in what was a hotly-contested category." Nominees for the 2012 European Tax Awards were determined by International Tax Review's team of journalists based on submissions from tax advisers and lawyers, and interviews with international tax executives. The winners were selected following further consultation with international tax executives. Established in 1990, International Tax Review is a monthly magazine dedicated to international tax strategy. Each issue includes comprehensive international news and analysis, unique guides to the most recent international deals, in-depth features, surveys, international updates and profiles. About Vertex Founded in 1978, Vertex Inc. is the leading provider of corporate enterprise tax software and services worldwide. Vertex helps companies realize the full financial and strategic potential of corporate tax, offering a variety of solutions that streamline, integrate and automate corporate tax processes. Vertex solutions serve multinational corporations in every major line of business tax including; income, sales, consumer use, value added, communications and payroll. The company's offerings are showcased by Vertex® Enterprise, a data-driven, open-architecture approach to tax technology that integrates all direct and indirect tax processes and technologies with host financial system applications on a single platform. The result is increased efficiency, control, transparency and strategic decision making for Tax and Finance departments. Vertex is a privately held company that employs over 700 professionals across the globe, at its headquarters in the U.S. (Berwyn, Pa.) and offices in Europe (London), Brazil (São Paulo), Dallas, Fort Collins, Naperville, Phoenix and Sarasota.
For more information about Vertex, visit www.vertexinc.com
|
