SOURCE: Sabrix, Inc.

June 04, 2009 08:00 ET

Sabrix Managed Tax Service™ to Deliver Best-of-Breed, On-Demand Reporting Powered by SAP® BusinessObjects™ Solutions

Enterprise-Class Transaction Tax Reporting and Analysis Supports Achieving Compliance With Confidence

SAN RAMON, CA--(Marketwire - June 4, 2009) - Sabrix, Inc., a leading provider of transaction tax management for companies of all sizes, today announced that through an OEM agreement with SAP, Sabrix Managed Tax Service™ (MTS), an outsourced transaction tax compliance service, will deliver best-of-breed, on-demand reports powered by SAP® BusinessObjects™ business intelligence (BI) and information management (IM) solutions.

This cooperation builds on Sabrix's existing relationship with SAP as a software solution partner participating in the SAP PartnerEdge™ program. Now finance and tax professionals from companies of all sizes will benefit from Sabrix MTS combined with SAP BusinessObjects BI and IM solutions. SAP BusinessObjects BI and IM solutions offer customers flexible reporting and data visualization options, based on a foundation of consistent, accurate data. Sabrix MTS integrated with SAP BusinessObjects BI and IM solutions will provide enterprise-class transaction tax reporting and analysis capabilities, including the option to create custom reports. In addition, users will have the ability to delve into audit and return data for a granular view into transaction tax details as well as access analytic tools for improved decision making and increased business intelligence.

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.

"Our new combined offering with Sabrix will help give joint customers the insight they need to know the information in their tax systems is reliable and accurate," said Jonathan D. Becher, senior vice president, Enterprise Solution Marketing, SAP. "Now customers will be able to easily create reports and dashboards -- based on trusted data -- that can be shared amongst colleagues."

"Sabrix is committed to providing our customers access to a robust combination of best-of-breed technology and expert tax services," said Pam Kostka, SVP, Corporate Marketing of Sabrix. "By utilizing SAP BusinessObjects BI and IM solutions to power all Sabrix MTS reporting, our clients will have access to enterprise-class reporting and analytic capabilities via an outsourced model without compromising on scalability, customizability or depth of reporting. This solution supports our company's focus to help companies achieve compliance with confidence."

Features and benefits will include:

--  Standard reports provide easy reconciliation and audit level
    visibility into tax compliance processes with one-click access
--  Accurate and customizable views of data to meet the analytic needs of
    finance and tax professionals
--  Custom reports address the unique reporting and analytic demands of
    companies to achieve compliance with confidence
--  Improved reporting performance makes reconciliation easier and faster
--  Analysis tools to improve the speed and quality of decision making
    

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/managedtaxservice

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, 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 Application Suite, Sabrix Managed Tax Service and Sabrix MTS are trademarks of Sabrix, Inc. SAP and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries. Business Objects, BusinessObjects and the Business Objects logo are trademarks or registered trademarks of Business Objects in the United States and/or other countries. Business Objects is an SAP company. All other company and product names are trademarks or registered trademarks of their respective holders.

SAP Forward-looking Statement

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

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