SOURCE: Sabrix, Inc.

July 17, 2007 12:11 ET

Sabrix® Launches Sales and Use Tax Service for Small- and Mid-Sized Businesses

Customers Say Sabrix Managed Tax Service Eliminates the Hassle, Limits the Audit Exposure, and Lowers the Cost of Tax Compliance

SAN RAMON, CA--(Marketwire - July 17, 2007) - Sabrix, Inc. today launched the Sabrix Managed Tax Service (Sabrix MTS), the industry's first outsourced service that provides a full range of automated and managed tax services from tax determination to returns preparation and audit administration. The new subscription-based service enables companies to outsource transaction tax processes so that they can focus on the core competencies of their company and still meet compliance requirements. They can free up internal resources, improve the bottom line, and be assured that they file timely and accurate tax returns.

For many companies in the small- to mid-market, manual sales and use tax processes are time-consuming and error-prone, and tax automation software is too expensive to deploy due to limited tax and IT resources. In addition, traditional on-demand solutions do not include the services of tax professionals, requiring CFOs to hire expensive, in-house tax expertise. Many CFOs find this investment prohibitive or would prefer to focus resources on their primary business offering.

"My company is in the business of selling sports & fitness equipment, not managing sales and use tax," said Mike Akers, CFO of Power Systems. "Maintaining compliance is a hassle; it requires keeping tax expertise on staff, constantly updating the tax rates, and staying up-to-date on tax laws. With MTS, we outsource the entire tax compliance process -- just like payroll. Sabrix is our trusted partner, assuring that we remain compliant even as our business grows."

With a team of world-class tax professionals administering and monitoring the entire compliance process on behalf of clients, Sabrix addresses the complete transaction tax lifecycle, including address validation, automatic tax rate maintenance, tax determination and calculation, return preparation as well as audit research and documentation. Sabrix MTS integrates seamlessly with popular e-commerce, ERP, and other financial applications to deliver real-time tax calculation for all sales and purchase transactions.

"Small- and mid-market companies face the same tax challenges as larger enterprises, but they struggle to build the in-house expertise and IT infrastructure necessary to manage complex sales and use tax processes," stated Steve Adams, Sabrix president and CEO. "We've combined an on-demand version of our software and tax research, which are deployed by some of the largest corporations in the world, with the services of tax and legal professionals to deliver a complete service. In short, MTS customers are buying tax expertise and peace of mind, enabling us to become a trusted extension of their finance department."

Sabrix's innovative approach to sales and use tax compliance has gained significant momentum in the marketplace, attracting small and mid-sized customers across a variety industries, such as manufacturing, financial services, and e-commerce. Recently signed customers include BankServ, Esker, Metro Door, Power Systems, Stulz Air Technology Systems, and Ultra International.

Sabrix MTS is available via a subscription model allowing companies to pay for usage. More information is 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, 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. Sabrix MTS, an outsourced transaction tax compliance service for small- to medium-size businesses, helps finance departments eliminate the hassle, control their audit exposure, and reduce the total cost of sales tax, use tax, and VAT compliance. For more information, please visit www.sabrix.com.

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