SOURCE: Sabrix, Inc.

September 29, 2008 11:20 ET

Iron Mountain Data Products Outsources Sales and Use Tax Compliance to Sabrix Tax Experts

Company Stays Nimble and Focused on Growth With Outsourced Back-Office Strategy, Including Sabrix Managed Tax Service

SAN RAMON, CA--(Marketwire - September 29, 2008) - Sabrix, Inc., a leading provider of transaction tax management for companies of all sizes, announced today that Iron Mountain Data Products, a spin-off of Iron Mountain Incorporated, has implemented the Sabrix Managed Tax Service™ (Sabrix MTS) to outsource its sales and use tax compliance to Sabrix tax experts. With the outsourced Sabrix service, the company estimates it will eliminate the need to hire an additional employee and also allow it to focus on more growth-oriented objectives and service to its customers.

Iron Mountain's hiring strategy is to focus on the positions that are critical to its customer relationships, and meanwhile, outsource back-office processes to trusted partners when the ROI is clear. "Sales and use tax is a perfect example of an activity that can only be a distraction to our business," said Derek Siler, General Manager for Iron Mountain Data Products. "Relying on Sabrix's team of tax professionals and on-demand tax platform enables us to have confidence in our compliance while not spending any time thinking about it. We reviewed all the solutions in the marketplace and Sabrix MTS was the only one that truly took this concern off our plate."

Sabrix was also selected for its trusted tax platform, the same engine that supports the transaction tax needs of the Global 2000. For a simple subscription price, Iron Mountain enjoys the performance, reliability, and security of an enterprise-grade solution delivered on-demand. Sabrix MTS eliminates the need for Iron Mountain IT staff to support and manage the systems critical to tax compliance. The tax platform also provides the deepest coverage of tax rates, rules, and jurisdictions and can support their unique tax requirements now and in the future. "With Sabrix MTS, we are excited to have a tax partner that can scale to meet our needs. We won't have to revisit our tax strategy to enable future growth," said Derek Siler.

Sabrix MTS allows companies to outsource their sales and use tax compliance process to highly skilled tax experts using a trusted tax platform that currently powers over $1.7 trillion in transaction taxes for companies of all sizes, including many Global 2000 leaders. Acting as an extension of a company's finance department, Sabrix MTS' tax experts, proven software, and best practices minimize the hassle, reduce the costs, and limit audit exposure of sales tax compliance. The service addresses the complete tax management process, including address validation, tax rate maintenance, determination and calculation, signature-ready return preparation as well as audit research and documentation.

Sabrix MTS is available as a subscription service, allowing companies to pay based on their usage. Integrations to multiple ERP and eCommerce systems are available. More customer case studies and other information are available online: http://www.sabrix.com/smb/solutions/

About Iron Mountain Data Products

Iron Mountain Data Products is a spin-off of Iron Mountain Incorporated, a leading specialist in information protection and storage. Now an independent reseller of IT accessories and supplies, Iron Mountain Data Products functions as a virtual warehouse, unencumbered by inventory, logistics or a costly back-office infrastructure, as it serves customers across North America via direct sales and third party representatives.

About Sabrix

Sabrix, Inc. is a leading provider of transaction tax management for companies of all sizes, enabling finance, tax, and IT professionals to achieve accurate, timely, and cost-effective compliance for sales tax, use tax, Value Added Tax (VAT), excise tax and industry-specific taxes and fees. The Sabrix Application Suite serves global enterprises such as Amazon.com, BASF, Cisco, DTE Energy, IBM, QUALCOMM, Sportsman's Warehouse, and York International. The Sabrix Application Suite seamlessly connects to all financial applications requiring the determination, calculation, and recording of transaction taxes. The company also offers the Sabrix Managed Tax Service™ (MTS), an outsourced transaction tax compliance service that helps finance departments of small-and-medium-sized businesses eliminate the hassle, control their audit exposure, and reduce the total cost of sales tax, use tax, and VAT compliance. Sabrix MTS seamlessly integrates with a company's existing accounting and e-commerce systems, and, similar to outsourced payroll services, operates as a trusted extension of a company's finance department to address tax compliance from start to finish: address validation, tax rate maintenance, tax determination and calculation, returns preparation and filing as well as audit research and documentation. For more information, please visit www.sabrix.com.

Sabrix, Sabrix Managed Tax Service, and Consolidated Transaction Tax Management are trademarks of Sabrix, Inc. All other company and product names are trademarks or registered trademarks of their respective holders.

Contact Information

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