SOURCE: Sabrix

September 21, 2006 08:36 ET

Sabrix User Conference Yields Insights Into Transaction Tax Compliance From Industry Tax Leaders

Corporate Transaction Tax Focus Shifts From Operational Excellence to Strategic Planning

SAN RAMON, CA -- (MARKET WIRE) -- September 21, 2006 -- Sabrix, Inc., the leading provider in Consolidated Transaction Tax Management™ applications, kicked off its international user conference this week. The event, well attended by transaction tax industry leaders in Sabrix's customer base, which includes 50 percent of the Fortune Global 10, yielded significant insights into trends in sales tax, use tax, and VAT compliance. Discussions this week indicated that companies worldwide are evolving transaction tax management from an operational to a strategic business planning function.

The 2006 Sabrix User Conference served as a forum for corporate tax strategists and sales tax, use tax and VAT experts to share experiences, best practices, and lessons learned in transaction tax management. With changing business systems and evolving corporate governance requirements, transaction tax professionals are increasingly being called upon to influence business decisions, creating demand for greater visibility into, and control over, global transaction taxes and their impact.

"Sabrix customers represent the most forward-thinking companies in the area of transaction tax management," adds Steve L. Adams, president and CEO of Sabrix. "Our user conference is an ideal forum for the entire Sabrix community of customers, partners, and employees to meet and share ideas, insights and innovative best practices. A gathering of this much talent in a single location always yields valuable insight into current and future transaction tax directions, and is one of the ways Sabrix ensures that we deliver the highest quality products and services to support even the most complex transaction tax requirements."

This year's event delivered strategic and technical educational sessions featuring Sabrix tax and technology experts, partners, and customers. The presentations and break-out sessions covered tax trends, products and services, technical, and strategic business process topics. A number of Sabrix customers presented at the event, including DTE Energy and Sportsman's Warehouse, as well as leading companies in consumer products, oil & gas, retail, and technology.

About Sabrix

Sabrix is the leading provider of Consolidated Transaction Tax Management software and services, enabling tax and IT professionals to manage sales, use and VAT with consistent accuracy, control, and efficiency. Sabrix's Transaction Services-Oriented Architecture™ provides a consistent way to determine, calculate and record any transaction-related tax to manage compliance and optimize cash flows, for a single application or on a global scale. The company's customers include Amazon.com, BASF, Cisco, DTE Energy, IBM, QUALCOMM, Sportsman's Warehouse and York International. Founded in 2000, Sabrix is based in California, with operations in North America and Europe. For more information, go to www.sabrix.com.

Sabrix, Consolidated Transaction Tax Management and Transaction Services-Oriented Architecture are trademarks of Sabrix, Inc. All other company and product names are trademarks or registered trademarks of their respective holders.

Contact Information