SOURCE: Sabrix, Inc.

April 17, 2007 08:00 ET

Sabrix Introduces Sabrix Express™, the Industry's First Rapid Integration Service for Transaction Tax Management and ERP Applications

New Service Guarantees a 5-Day, Fixed Price Integration for SAP and Oracle

SAN RAMON, CA -- (MARKET WIRE) -- April 17, 2007 -- Sabrix®, Inc., the leading provider of Consolidated Transaction Tax Management™ solutions, today announced Sabrix Express, a fixed price service that delivers robust integration between the Sabrix Application Suite and the leading ERP applications, SAP and Oracle, in just 5 days. By dramatically accelerating the integration process, Sabrix Express makes it even easier for its customers to achieve timely and cost-effective compliance for sales and use taxes.

The innovative Sabrix Express service enables businesses to solve complex integration issues with unprecedented speed and simplicity. Delivered by Sabrix's Professional Services organization, the new service combines SabrixConnection™ data transport products with proven best practices, tools and methodologies garnered through multiple, successful SAP and Oracle integrations for Global 2000 and mid-market companies.

"For the past six years, Sabrix's market-changing approach to transaction tax management has enabled businesses to more efficiently and accurately manage their taxes and demonstrate compliance," said Stephen James, director, Tax Technology Services at KPMG. "With the introduction of Sabrix Express, they continue to demonstrate leadership in delivering tax and finance professionals what they've been asking for -- a powerful and innovative tax management solution that delivers an immediate return on investment."

"Sabrix Express is another example of Sabrix's commitment to providing exceptional customer service and delivering innovative solutions that help eliminate the headaches typically associated with tax compliance," said Gary Allen, vice president, Professional Services at Sabrix. "Whether it is a mid-size company undertaking a transaction tax management project or a large multi-national corporation with a complex, multi-phase tax transformation initiative, Sabrix Express streamlines key integration tasks so customers can more efficiently determine, calculate and record global transaction taxes, and manage compliance reporting."

About Sabrix

Sabrix, Inc. is a proven expert in transaction tax management, enabling finance, tax, and IT professionals to achieve accurate, timely, and cost-effective compliance for sales tax, use tax, value-added tax (VAT), and industry-specific taxes and fees. The company's flagship product, the Sabrix Application Suite, empowers Global 2000 companies to manage transaction tax with consistent accuracy, control, and efficiency. The Sabrix Application Suite is an enterprise-class, centralized transaction tax management system that seamlessly connects to all financial applications requiring the determination, calculation, and recording of transaction taxes. With Sabrix, a company has a single transaction tax solution and a single system of record for transaction tax compliance, with distributed management and control for geographically dispersed tax professionals. The Sabrix Application Suite has been implemented at global enterprises across a variety of industries, including Amazon.com, BASF, Cisco, DTE Energy, IBM, QUALCOMM, Sportsman's Warehouse, and York International.

The company also offers the Sabrix Managed Tax Service™ (MTS) to address the transaction tax requirements of companies of all sizes. Sabrix MTS is an outsourced transaction tax compliance service that helps finance departments eliminate 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.

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