SOURCE: Sabrix, Inc.

June 18, 2008 08:00 ET

New Release of Sabrix Application Delivers End-User Benefits to Tax Professionals as Well as Integration to Oracle E-Business Suite Release 12

Sabrix Continues to Bolster Its Lead as the Trusted Tax Platform for Transaction Tax by Being First-To-Market With Support for Oracle E-Business Suite Release 12

SAN RAMON, CA--(Marketwire - June 18, 2008) - Sabrix®, Inc., the leading provider of transaction tax management applications for companies of all sizes, announced its newest release of the Sabrix Application Suite, including full support for Oracle E-Business Suite Release 12. The latest release of the Sabrix Application Suite provides tax professionals with user interface (UI) and performance improvements that enable them to work more efficiently, enhanced reporting capabilities that improve the speed and quality of decision making, and support for Oracle's E-Business Suite Release 12, which is designed to ensure that companies compete effectively in the worldwide marketplace.

The newest release of the Sabrix Application Suite includes a new user interface that makes the application even easier to use and tasks simpler to complete with fewer clicks. Substantial performance enhancements, in conjunction with the simplified and streamlined UI, mean that tax professionals not only have a tool that is easier to use, they can also work more efficiently to lower the total cost of tax compliance. In addition to these UI changes, Sabrix announced support for the latest release of web browsers, Internet Explorer 7.0 and Firefox 2.0.

The latest release of the Sabrix Application Suite also includes standard and customer-specific reporting capabilities that drive better and timelier tax decisions by ensuring consistent and streamlined period-end processing and financial reporting across legal entities. The new release focuses on improving report generation by transforming data in the Sabrix Transaction Database into standard reports. The new release also drives global alignment, visibility, and control by providing standard reports for the European Community, the Middle East and Africa, Asia Pacific, and Latin America. In addition to an expanded list of standard reports, this latest release enables professionals to easily create company-specific reports that address unique business requirements.

The new release of the Sabrix Application Suite also integrates with the new tax module in Oracle E-Business Suite Release 12. The new Sabrix Integration for Oracle 12 provides a direct, point-to-point integration with Oracle E-Business Suite Release 12, eliminating the need for a separate application server or middleware, lowering maintenance costs and simplifying the IT environment. IT and tax professionals no longer have to configure and maintain tax requirements in Oracle, speeding deployment, minimizing risks to the overall ERP project, and shortening time-to-value. And, consistent with the benefits of the Oracle E-Business Suite Release 12, the new Sabrix integration centralizes tax functions to enable businesses to think, work, and manage globally and to deliver consistent financial reporting while meeting local requirements.

"Our partnership with Sabrix has enabled us to provide our joint customers with a solution that allows them to improve transaction tax management efficiencies and compliance through one consolidated approach. We are pleased to work with Sabrix to help customers align their tax strategies with their company's business objectives. Sabrix's continuous investment in product enhancements enables us to assist companies of all sizes in simplifying and realizing the full benefits of transactional tax automation," said Kevin Ondracek, Tax Technology Director, DuCharme, McMillen & Associates, Inc.

"Delivering world-class solutions has been the focus and commitment of Sabrix since we began serving the market long ago," said Eric Ruud, SVP and general manager of the Sabrix Enterprise business unit. "We have now worked with tax and IT professionals in 4 out of 5 of the world's largest companies in the Fortune Global 500 as well as with similar professionals in companies of all sizes in a variety of industries. This latest release is testament to our continuing commitment to those tax and IT professionals who must deal with the challenges of growth, change, and complexity in their businesses, a commitment that is reflected in our being the first to deliver support for Oracle 12 and in the enhancements that will improve the speed and quality of tax decisions."

"Sabrix has proven to be a trusted partner of finance and tax departments across the globe," said Stephen James, Principal and International Tax Technology Practice Leader at Ryan. "Their commitment to the latest technology, to high-quality global tax research, and to unparalleled customer service has been extremely beneficial to our mutual Global 2000 customers, ensuring outstanding returns on their investment in international tax technology."

Sabrix will be showcasing the Sabrix Application Suite including all its latest major product enhancements during next weeks Association for Computer and Taxation (ACT) Annual Conference taking place in Las Vegas, NV, June 23-25 in booth #21 and the Institute for Professionals in Taxation (IPT) 32nd Annual Conference taking place in Atlanta, Georgia, June 22-25 in booth #7.

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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