SOURCE: Sabrix, Inc.

June 25, 2008 11:54 ET

Sabrix Launches Newest Release of Managed Tax Service

Summer '08 Release Adds Support for Canadian Taxes, Enabling Companies to Outsource Sales and Use Tax Compliance for All North American Operations

SAN RAMON, CA--(Marketwire - June 25, 2008) - Sabrix®, Inc., the leading provider of transaction tax management for companies of all sizes, announced the availability of its latest release of the Sabrix Managed Tax Service (MTS), an outsourced sales and use tax service managed by highly skilled tax experts. The Summer '08 Release now includes support for Canadian taxes, enabling finance executives to outsource their tax compliance processes for all North American operations.

Now, in addition to support for U.S. sales and use tax, this newest release of Sabrix MTS addresses the compliance requirements of companies doing business in Canada that must comply with tax laws regarding GST, HST, PST, QST and RST. As with previous releases, this newest release of Sabrix MTS integrates with standard ERP applications such as SAP R/3, SAP All-in-One, SAP Business One, Oracle, Microsoft Dynamics GP and Microsoft Dynamics NAV as well as eCommerce and legacy systems. Acting as an extension of a company's finance department, Sabrix MTS' tax experts utilize proven software and best practices to outsource tax rate maintenance, tax determination and calculation, signature-ready returns preparation, audit research and documentation support. Finance executives responsible for compliance for all North American operations can eliminate the hassle, reduce the costs, and limit the audit exposure for their U.S. and Canadian tax compliance.

"As a quickly growing company launching new offerings into Canada and the U.S., we could not invest the time or money required to build internal tax expertise," says Boris Katsman, CFO of arvato systems N.A. "Yet as a subsidiary of Bertelsmann AG, we could not risk any tax exposure. We successfully engaged Sabrix MTS to achieve compliance in the U.S. and have now extended our service to cover Canada. As a CFO, I can trust Sabrix MTS and do not have to make compromises when it comes to transaction tax compliance."

"Small and mid-market companies are looking for more than technology to automate their sales and use tax compliance," said Pam Kostka, SVP of Marketing, Sabrix. "They need tax experts to help them navigate the complexities of the compliance process as they grow geographically. In response to market demand, we have now extended Sabrix MTS to cover Canada, offering the same comprehensive outsourced service as we have in the U.S. This is yet another step in our commitment to continuous innovation to better serve our growing global customer base."

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.

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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