SOURCE: Sabrix, Inc.

September 09, 2009 08:00 ET

Sabrix Announces New Sabrix Managed Tax Service™ (MTS) Customers in Business Services, Manufacturing, Medical, Retail and Technology

Companies of All Sizes Continue to Turn to Sabrix to Achieve Compliance With Confidence

SAN RAMON, CA--(Marketwire - September 9, 2009) - Sabrix, Inc., a leading provider of transaction tax management for companies of all sizes, today announced new Sabrix MTS™ customers in business services, manufacturing, medical, retail and technology.

Sabrix MTS is an outsourced sales and use tax service managed by Sabrix tax experts that acts as an extension of a company's finance department to address transaction tax compliance obligations. New customers that have opted to outsource with Sabrix MTS range from small companies to large enterprises doing billions of dollars in revenue across a variety of industries including:

--  Technology: Callidus Software (www.callidussoftware.com),  SMC3
    (www.smc3.com) and Harris Computer Systems (www.harriscomputer.com)
--  Retail/Ecommerce:  Belk Inc. (www.belk.com) and AllSaints Spitalfields
    (www.allsaints.com)
--  Medical Device: Zeltiq Aesthetics (www.zeltiq.com) and Gambro Renal
    Products (www.gambro.com)
--  Business Services: Avendra Replenishment Group (www.avendra.com)
--  Distributor:  Winn-Marion (www.winn-marion.com)
    

"While these latest customer additions represent a variety of industries and companies of all sizes, they share a common desire to lower the total cost of compliance and eliminate the need to balance compliance cost against audit risks," said Pam Kostka, SVP of Corporate Marketing, Sabrix. "With 517 tax rate and tax jurisdiction changes in the first half of 2009 alone, and increasingly aggressive auditing from state tax authorities, the cost of achieving compliance continues to rise. For many companies, it just makes sense to outsource to not only save money, but also to achieve a higher degree of compliance."

The company's outsourced service, Sabrix MTS, combines an on-demand version of the same trusted tax platform used by leading global companies, combined with service from a multidisciplinary team of tax experts and SAS 70 certified processes. Customers of Sabrix MTS benefit from the millions of dollars invested in technology, security, tax content and industry proven best practices for a simple subscription price. More customer case studies and other information are available online: http://www.sabrix.com/managedtaxservice.

About Sabrix, Inc.

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 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 http://www.sabrix.com.

Sabrix, Sabrix Application Suite, Sabrix Managed Tax Service and Sabrix MTS 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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