SOURCE: Sabrix, Inc.

May 06, 2008 08:07 ET

Esker, Inc. Leverages Sabrix Managed Tax Service Integrated With SAP to Achieve Compliance With Confidence

Esker Improves Tax Accuracy and Recoups Four Days per Month

SAN RAMON, CA--(Marketwire - May 6, 2008) - Sabrix®, Inc., a leading provider of transaction tax management for companies of all sizes, announced today that Esker, Inc., a leader in document process automation solutions, is using the Sabrix Managed Tax Service™ (Sabrix MTS), an outsourced sales and use tax service managed by highly skilled tax experts, to address its transaction tax compliance needs. By relying on Sabrix's multi-disciplinary tax experts, SAS 70 certified best practices, and industry trusted tax platform, fast-growing Esker has improved its tax accuracy and recouped four days of accounting personnel effort each month.

Previously, Esker relied on manual processes, including a team of three people keying in sales invoices, checking tax tables and manually applying sales tax. These time consuming, error-prone processes frequently resulted in inaccurate tax charged to customers, considerable adjustments to invoices, having to pay uncollected taxes out of its own pocket, and increased risk of audit exposure.

After an exhaustive evaluation of tax management solutions, Esker selected Sabrix MTS as it was the only solution that freed Esker's finance team to focus on their business by allowing them to entrust their compliance process to Sabrix's highly skilled tax experts operating on a trusted tax platform. "Sabrix has saved us at least a full annual headcount, freed up four work days a month, and eliminated the need for us to be tax experts. Now we operate without the hassles and are confident with our compliance," said Joyce Zeasman, Controller at Esker.

Sabrix MTS' tax on-boarding process and seamless integration with SAP were also critical to Esker's selection. Without deep in-house tax expertise, Esker needed a provider that could bring more than automation to the table. Operating as an extension of Esker's finance department, Sabrix MTS' multi-disciplinary professionals in tax law, tax policy, research and audit support, reviewed and configured Esker's tax policy to make sure they had a solid foundation on which to start and maintain compliance as the company grows. And by using the Sabrix MTS standard integration with SAP, Esker was operational within a few weeks with no disruption to existing business processes. "We didn't have to write anything to make the integration happen, nor did we have to worry about configuring our tax policy correctly in the system," said Zeasman. "As a result, we were able to go live very quickly and our employees were amazed that getting the right tax on an invoice had become so effortless."

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 the transaction tax needs for over $1.7 trillion in revenue 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.

Sabrix MTS is available as a subscription service, allowing companies to pay based on their usage. Integrations to multiple ERP and e-commerce systems are available. More customer case studies and other information are available online: http://www.sabrix.com/smb/solutions.

About Esker

Esker is a recognized leader in helping organizations eliminate manual processes, gain process visibility and control, and reduce the use of paper by automating the flow of documents into, within and out of the organization. With patented document delivery automation software and hosted document delivery services, Esker offers a total solution to automate every phase and every type of business information exchange. Customers achieve significant and immediate operational efficiencies, cost savings and measurable ROI in as little as three to six months. Founded in 1985, Esker operates globally with more than 80,000 customers and millions of licensed users worldwide. Esker has global headquarters in Lyon, France and U.S. headquarters in Madison, Wisconsin. For more information, visit www.esker.com.

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

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