SOURCE: Sabrix, Inc.

November 19, 2008 08:00 ET

E-commerce Companies Embrace Outsourced Sales and Use Tax Compliance Service to Stay Focused on Growth

New Clients Bluefly, iN DEMAND, VetSource, and Bag, Borrow or Steal Achieve Compliance With Confidence With Sabrix Managed Tax Service

SAN RAMON, CA--(Marketwire - November 19, 2008) - Sabrix, Inc., a leading provider of transaction tax management for companies of all sizes, announced that multiple leading E-commerce companies rely on Sabrix Managed Tax Service (MTS), an outsourced sales and use tax service managed by skilled tax experts. By outsourcing transaction tax compliance to Sabrix' trusted team of tax experts, fast growth E-commerce companies including Bluefly, iN DEMAND, VetSource, and Bag, Borrow or Steal are able to focus on not only growing their business, but also achieving compliance with confidence at a lower cost.

E-commerce companies face complex sales and use tax challenges, but often lack in-house skilled tax experts to interpret tax laws and manage routine tax processes. These challenges include tracking nexus liabilities as business activity changes, interpreting the product taxability of a broad set of products, and ensuring the highest degree of tax accuracy at the shopping cart level without negatively impacting site performance and the customer experience, all while keeping the total cost of compliance down in order to preserve profits.

"In today's tight economy it's important that our organization is as lean as possible," said Cathy Kemnitz, Controller for VetSource. "By relying on Sabrix tax experts we have access to on-demand tax expertise at a fraction of what it would cost to manage it in-house. Our business is growing exponentially and we are confident knowing Sabrix can cost-effectively scale to support us."

Sabrix MTS seamlessly integrates with E-commerce platforms to support the entire transaction tax lifecycle -- providing real-time address validation and tax determination and calculation at the shopping cart level through the delivery of signature ready returns prepared by Sabrix' team of tax professionals. Sabrix MTS delivers an on-demand version of the same trusted tax engine and tax rate content used by leading global E-commerce companies.

"We have coupled our proven technology with our SAS 70 certified best processes and service from tax experts to deliver E-commerce companies exactly what they need," said Pam Kostka, SVP of Corporate Marketing for Sabrix. "With Sabrix MTS, E-commerce companies have confidence that they can achieve compliance and stay compliant, even in the face of changing regulations like the state of New York's 'Amazon Tax' passed earlier this year. Our tax experts are constantly monitoring tax law and ensuring clients the highest degree of accuracy and confidence without having to invest a fortune to get it."

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/smb/solutions/

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.

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