SOURCE: Sabrix

March 07, 2006 08:31 ET

SAP Users Can Reduce Transaction Tax Compliance Costs

Sabrix to Present and Exhibit at SAP Financials 2006 Conference

SAN RAMON, CA -- (MARKET WIRE) -- March 7, 2006 -- Sabrix, Inc., the leading provider of Consolidated Transaction Tax Management™ applications, will present at the SAP Financials Conference in Las Vegas later this week. The SAP Financials Conference runs March 8-10, 2006, and offers strategies, best practices, and expert-led instruction for finance teams that rely on SAP software. Sabrix enterprise application integration experts, Stefan Blumer and Mike Swope, will share financial business process best practices that positively impact corporate profitability and transaction tax audits for sales, use and value-added (VAT) tax.

Leading SAP customers use Sabrix applications to manage their global transaction tax needs, including Global 2000 companies in industries such as chemicals, consumer products, energy services, high-tech, and transportation. Only Sabrix offers companies the ability to manage complex sales and use tax and VAT transactions in SAP through clicks, not complex code changes, for consistent accuracy, control and efficiency.

WHAT:   SAP Financials Conference Presentation: "Tips and Tricks on
        Planning and Executing your International Transaction Tax
        Implementation"
WHO:    Stefan Blumer, Senior Manager, SabrixConnection Development, and
        Mike Swope, Sabrix Product Manager
WHEN:   Friday, March 10, 2006 at 8:30 a.m.
WHERE:  SAP Financials Conference
        The Venetian Hotel, Las Vegas
Blumer and Swope will provide insights on the impact of tax planning for initial stages of a SAP implementation, and key steps to ensure tax payment accuracy and compliance. To avoid tax surprises, companies should also include transaction tax determination in all stages of a SAP implementation project plan. The session will review how to set up essential components in SAP to minimize tax return costs and ongoing maintenance of financial data. Several international transaction tax scenarios will be presented, and conference attendees will learn how SAP can be configured to process these transactions using an external tax engine.

In addition to the transaction tax presentation, Sabrix will participate in the "SAP Ask The Experts Forum" on Thursday, March 9, from 5:30-7:30 p.m. Sabrix will also exhibit at the event in booth number 403.

About Sabrix

Sabrix is the leading provider of Consolidated Transaction Tax Management software and services, enabling tax and IT professionals to manage sales, use, value-added (VAT) and industry-specific tax with consistent accuracy, control, and efficiency. Sabrix's Transaction Services-Oriented Architecture™ provides a consistent way to determine, calculate and record any transaction-related tax to manage compliance and optimize cash flows, for a single application or on a global scale. The company's customers include BASF, Cendant, Cisco, DTE Energy, IBM and York International. Founded in 2000, Sabrix is based in California, with operations across North America and in Europe. For more information, go to www.sabrix.com.

Sabrix, Consolidated Transaction Tax Management and Transaction Services-Oriented Architecture are trademarks of Sabrix, Inc. All other names are trademarks or registered trademarks of their respective holders.

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