Vertex recognized as a leader in IDC MarketScape Global Business Tax Automation and Sales Tax reports
Named a Key Player in IDC MarketScape’s “Global Tax Automation for SMBs” category
BOSTON, Massachusetts (USA), Nov. 11, 2021 (GLOBE NEWSWIRE) — Vertex, Inc. (NASDAQ: VERX) (“Vertex” or the “Company”), a global provider of tax technology solutions, announced that it has been named a leader in two IDC MarketScape reports – IDC MarketScape: SaaS and Cloud-Enabled Sales and Use Tax Automation Software for Enterprise 2021 Vendor Assessment (Document No. US47987421, OCTOBER 2021) [Anbieterbewertung im Bereich SaaS- und Cloud-fähige Software zur Umsatz- und Gebrauchssteuerautomatisierung für Unternehmen 2021] und IDC MarketScape: Worldwide SaaS and Cloud Value-Added Tax Software 2021 Vendor Assessment (Dokumentennr. US47987321, October 2021) [Weltweite Anbieterbewertung im Bereich SaaS- und Cloud-Umsatzsteuersoftware 2021].
Vertex wurde auch als Hauptakteur im IDC MarketScape: Worldwide SaaS and Cloud-Enabled Sales and Use Tax Automation Software for Small and Midsize Businesses 2021 Vendor Assessment (Dokumentennr. US47987521, OCTOBER 2021) [Weltweite Anbieterbewertung im Bereich SaaS- und Cloud-fähige Software zur Umsatz- und Gebrauchssteuerautomatisierung für kleine und mittlere Unternehmen] excellent. The IDC MarketScape reports highlight the importance of global tax rates, rules and regulations for businesses seeking to grow in the global economy.
This is the second time Vertex has been recognized as a leader in the rating of indirect tax providers in an IDC MarketScape report (Doc # US43263718, JANUARY 2019).
According to IDC MarketScape Use Tax Automation for Enterprise, “Companies should consider Vertex when dealing with a growing list of global tax investigations and needing reliable tax software in the cloud that supports critical tax compliance and regulatory requirements.”
“Vertex is proud to be recognized for its SaaS-based solutions in IDC MarketScape’s Corporate, SMB and Sales Tax Automation Reports,” said David DeStefano, CEO of Vertex. “This recognition is a testament to our leadership and extensive know-how in the areas of indirect taxation and cloud technology. We are building our capabilities in the mid-market with Taxamo’s e-commerce solutions and our new cloud-based compliance platform VAT continues to expand so we can support global businesses of all sizes wherever they transact throughout the tax administration process. “
Vertex sets itself apart in the industry by offering a global database of tax content for specific industries, digital and physical goods, and addresses the complexities of the broadest range of global companies, trading platforms and marketplaces.
“The global digital and tax transformation means increased tax complexity and creates an urgent need for automated technology,” said Kevin Permenter, IDC Research Director, Financial Applications. “Vertex is a leader in indirect taxation with an enterprise customer base. The recent acquisitions reflect expanded strengths and integrations specifically made to serve all types of businesses dealing with compliance issues in over 19,000 countries around the world.”
Learn more about Vertex.
About IDC MarketScape:
The IDC MarketScape provider evaluation model was developed to provide an overview of the competitiveness of ICT (information and communication technology) providers in a specific market. The research methodology uses a rigorous evaluation methodology based on qualitative and quantitative criteria, resulting in a single graphical representation of each vendor’s position in a given market. IDC MarketScape offers a clear framework in which the product and service offerings, capabilities and strategies as well as the current and future market success factors of IT and telecommunications providers can be meaningfully compared with one another. This framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and potential vendors.
Vertex is a leading global provider of indirect tax software and solutions. The company is committed to providing the most reliable tax technology that enables global companies to transact, comply with regulations, and grow reliably. Vertex offers cloud-based and on-premise solutions that can be tailored to meet the indirect tax needs of key business areas across industries, including sales and consumer use, and value added and payroll. Vertex is headquartered in North America and has offices in South America and Europe. The company employs over 1,200 people and serves companies around the world.
Copyright © 2021 Vertex, Inc. All rights reserved. The information contained here is for informational purposes only, is subject to change at any time and does not constitute legal or tax advice. Code or functions. This information should not be used as a basis for purchase, legal or tax decisions. The development, release and scheduling of features described for Vertex products is at the sole discretion of Vertex, Inc. Any statements in this release that are not historical facts are forward-looking statements under the US Private Securities Litigation Reform Act of 1995. All forward-looking statements Statements are subject to various risks and uncertainties, which are described in Vertex’s filings with the US Securities and Exchange Commission (“SEC”), that could cause actual results to differ materially from expectations. Vertex caution readers not to place undue reliance on these forward-looking statements, which Vertex does not need to update, and which speak only as of the date they are made.
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