SOURCE: Sabrix, Inc.

Sabrix, Inc.

January 20, 2010 09:30 ET

Sabrix Tax Research and Returns Receives SAS 70 Type II Certification

Certifications Validate Solution as Most Comprehensive SAS 70 Type II Outsourced Sales & Use Tax Solution

NEW YORK, NY--(Marketwire - January 20, 2010) - The Tax & Accounting business of Thomson Reuters announced today that it has achieved SAS 70 Type II certification for its Sabrix tax research and returns process for the second consecutive year. Building upon Sabrix's existing SAS 70 Type II certification for hosted operations, Sabrix continues to offer the most comprehensive SAS 70 Type II certification in the industry for outsourced sales and use tax compliance service. Companies of all sizes can achieve compliance with confidence by outsourcing tax compliance processes to Sabrix Managed Tax Service's (MTS) tax experts, proven software, and best practices to minimize the hassle, reduce the costs, and limit audit exposure of sales tax compliance.

"Especially in light of revenue deficits resulting in more complex and aggressive tax burdens from state and local government, companies more than ever need the assurance that our research, technology and processes will deliver the highest degree of compliance and meet SOX requirements," said Carla Yrjanson, Senior Director, Sabrix Tax Services, part of the Tax & Accounting business of Thomson Reuters. "Any business working with outsourced service providers should require these types of validations and controls."

The SAS 70 Type II certification provides Sabrix customers with independent auditor validation of the procedures and controls in place within Sabrix's tax research coverage of 13,253 authorities, its returns preparation and review by tax experts, as well as its hosted operations for the Sabrix tax engine. The certification demonstrates Sabrix's continued commitment to operate as a trusted partner who meets the rigorous operational controls associated with Sarbanes-Oxley compliance.

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 minimizes the hassle, reduces the costs, and limits audit exposure. The service addresses the complete tax management process, including nexus determination, address validation, tax rate maintenance, determination and calculation, signature-ready return preparation as well as audit research and documentation. And, Sabrix MTS is designed to integrate with leading financial systems like Microsoft Dynamics GP, Microsoft Dynamics NAV, SAP R3, SAP All-in-One, SAP Business One, Oracle and ecommerce systems with no disruption to existing business processes.

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

About Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people and operates in over 100 countries. For more information, go to www.thomsonreuters.com.

Tax & Accounting business of Thomson Reuters is the leading provider of technology and information solutions, as well as integrated tax compliance software and services to accounting, tax and corporate finance professionals in accounting firms, corporations, law firms and government. Headquartered in New York, Tax & Accounting has major operations in Dallas, Dexter (Michigan), London, Sydney, and Toronto, and offices in nine countries. For more information, go to http://thomsonreuters.com/products_services/taxacct/.

Sabrix and Sabrix Managed Tax Service are trademarks of Thomson Reuters. All other company and product names are trademarks or registered trademarks of their respective holders.

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