SOURCE: Sabrix, Inc.

July 14, 2008 08:15 ET

Alma Lasers Maintains Laser Focus on Growing Business by Entrusting Sales and Use Tax Compliance to Skilled Sabrix Tax Experts

Seamless Integration of SAP Business One With Sabrix Managed Tax Service Provides Greater Accuracy, Eliminates Manual Processes and Frees up Alma Laser Staff

SAN RAMON, CA--(Marketwire - July 14, 2008) - Sabrix, Inc., a leading provider of transaction tax management for companies of all sizes, announced today that Alma Lasers, Inc. has entrusted their sales and use tax compliance to Sabrix Managed Tax Service (MTS), an outsourced sales and use tax compliance service managed by skilled tax experts. Integrated with SAP Business One, Sabrix MTS has helped Alma Lasers achieve a higher degree of accuracy while freeing up an accounting person previously dedicated to sales and use tax.

Alma Lasers, Inc., a U.S. subsidiary of an Israeli global manufacturer and provider of laser, light-based and radiofrequency devices, previously relied on a combination of time-consuming manual methods and tax research to manage their sales and use tax obligation. With plans to double the number of states in which they were doing business, Alma Lasers knew they would have to hire additional staff to support their expanding operations. It was becoming evident that the company was spending too much time manually doing tax.

Sabrix MTS integrates with the entire family of SAP financial applications, including their small business offering, SAP Business One. Sabrix MTS' pre-built plug-in delivers SAS 70 certified accurate tax rates for 13,253 authorities as well as real-time tax determination and calculation, eliminating the manual processes of rate research and maintenance previously required. In addition, Sabrix MTS provides signature-ready returns preparation by a multi-disciplinary team of trusted tax experts that allows Alma Lasers to have compliance with confidence. "Sabrix MTS is helping us expand quickly without expanding finance headcount," said Jim Bishopp, Project Manager for Alma Lasers. "With Sabrix, we can run a lot leaner in the tax management area than before, and can keep it that way indefinitely."

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. And, Sabrix MTS is designed to integrate with SAP Business One, with no disruption to existing business processes.

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 Alma Lasers

Alma Lasers™ is a global developer, manufacturer and provider of laser, light-based and radiofrequency devices for aesthetic and medical applications. Alma Lasers' expertise lies in the winning combination of an ability to innovate bringing unique new technologies to the global aesthetic market, balanced by a strategic depth of clinical knowledge and industry experience. Each day, thousands of plastic surgeons, dermatologists, obstetricians, gynecologists and general physicians in 45 countries depend on Alma Lasers to deliver visible results that improve lives.

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

  • For press inquiries:
    Kurt Foeller
    Foeller Communications
    415-578-3251
    Email Contact