SOURCE: Sabrix, Inc.

November 12, 2009 08:00 ET

Sabrix Announces Availability of Fall 2009 Version of Sabrix Managed Tax Service™

Outsourced Sales and Use Tax Solution Extends Control and Visibility Into Tax Operations, While Reducing Reconciliation Time and Increasing Accuracy

SAN RAMON, CA--(Marketwire - November 12, 2009) - Sabrix, Inc., a leading provider of transaction tax management for companies of all sizes, today announced the availability of the Fall 2009 version of Sabrix Managed Tax Service (MTS).

Combining an on-demand version of the same trusted tax platform that powers over $1.7 trillion in transaction taxes for companies worldwide, service from a multidisciplinary team of tax experts and SAS 70 certified processes, the latest version of Sabrix MTS™ provides even greater control and accuracy so companies can more easily leverage Sabrix's outsourced services. As a software as a service offering, Sabrix MTS Fall 2009 is automatically available to existing MTS clients at no additional fee.

"Because more and more companies, including the enterprise, are outsourcing the tax function entirely, we added features that provide even more control so our customers can continue to achieve compliance with confidence," said Pam Kostka, Senior Vice President of Corporate Marketing of Sabrix. "This latest version of Sabrix MTS is the culmination of feedback from our users who want more accuracy, insight and control, but without having to manage the cumbersome operational aspects of tax compliance."

Sabrix MTS Fall 2009 feature highlights include:

-- Enhanced reporting capabilities that further minimize time required
   to manage tax compliance operations, while still providing complete
   control and insight:
   -- Period close reconciliation reports to reconcile invoices with the
      period in which they will be processed for returns to their GL.
   -- Returns summary reports that provides a summarization of tax to cash
      for each return.
-- Expanded tax services including:
   -- Tax rate scenario testing, managed by Sabrix's team of tax experts,
      provides the ability to implement and test tax changes for accuracy
      prior to production and with the simple push of a button.
   -- Tax rate changes -- Ongoing updates on new authorities and rate
      changes broken down by state, with 943 changes through October
      2009 alone.

Pricing and Availability

Sabrix MTS is available now. Pricing is on a subscription basis and is based off a company's transaction tax complexity. For more information, visit www.sabrix.com/sabrixmts

About Sabrix MTS

Sabrix MTS combines an on-demand version of the same trusted tax platform that powers over $1.7 trillion in transaction taxes for companies of all sizes, including many Global 2000 leaders, combined with service from a multidisciplinary team of tax experts and SAS 70 certified processes. 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. Customers of Sabrix MTS benefit from the millions of dollars invested in technology, security, tax content and industry proven best practices for a simple subscription price. More customer case studies and other information are available online: www.sabrix.com/sabrixmts.

About Sabrix, Inc.

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 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 http://www.sabrix.com.

Sabrix, Sabrix Application Suite, Sabrix Managed Tax Service and Sabrix MTS are trademarks of Sabrix, Inc. All other company and product names are trademarks or registered trademarks of their respective holders.

Contact Information

  • For press inquiries:
    Aimee Quemuel
    Codey Communications
    415-753-9005
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