SOURCE: Taxcient, Inc.

July 08, 2008 08:53 ET

Taxcient™ Inc. Launches Retail Industry's First In-Store Exemption Certificate Solution for Real-Time Access and Collection

New vCERT Allows Retailers to Instantly Locate or Collect Customers' Exemption Certificates, Improving Sales Tax Compliance and Customer Experience

SAN DIEGO, CA--(Marketwire - July 8, 2008) - Taxcient™ Inc., a provider of online solutions and services for sales and use tax compliance, today introduced a new innovation for vCERT Retail: the first-of-its-kind, in-store exemption certificate management system for locating, collecting and renewing tax exemption certificates in a retail store. The new system connects tax departments to retail locations, allowing retailers to instantly locate their customers' exemption certificate or to rapidly collect or update new ones at the time of sale. vCERT improves compliance and the customer experience because the customer's information is instantly available at the place of purchase. vCERT's unique, easy-to-use Wizard ensures correct forms are completed, and use of an optimal signature pad makes most certificates fully electronic. The result is a significant reduction in paperwork and costs, dramatic compliance improvements, and a better overall experience for customers and clerks.

"Historically, the process of collecting, organizing, and managing exemption certificates at retail locations has been inefficient, complicated and costly," said Larry Wolfe, Taxcient CEO. "Now with vCERT's retail-specific features, retail locations and tax departments are digitally connected, making it easy for companies to increase exemption certificate compliance and complete sales, all while improving the customer experience in terms of speed and hassle."

Using state-of-the-art technology, vCERT is built on the experience of Taxcient's team of former state sales tax auditors and is used by Fortune 1000 companies in the manufacturing and wholesale, healthcare, technology and software industries to simplify the collection and management of exemption certificates. Now with the cost-effective in-store features just for retail, companies will find it even easier to implement and manage a highly compliant and easy-to-use exemption certificate process.

Any business with simple Internet access can be up and running in just days, with this easy-to-use solution. vCERT's software-as-a-service (SaaS) minimizes the strain on IT departments while connecting retail locations and tax departments via the Web. vCERT significantly reduces costs associated with charge backs, delayed sales, non-compliant transactions, paper handling and storage costs and unnecessary audit assessments.

"At Taxcient, we are dedicated to leveraging our tax and audit know-how to improve the experience of our clients and their customers," said Wolfe. "With our latest offering, we've created one more way to lessen the burden of paperwork so our clients can stay focused on their business."

vCERT's new retail features are available beginning July 21, 2008. For more information, please visit www.taxcient.com.

About Taxcient, Inc.

Taxcient, Inc. (www.taxcient.com) is a provider of online solutions and services for sales and use tax compliance. Led by the former CEOs of TurboTax® and PayPal®, Taxcient solutions join together a team of former state tax auditors with 80 years experience and the most advanced technology available in the market. The result is a set of cost-effective, easy-to-use solutions for sales and use tax compliance that improve workflow and efficiency, while reducing audit compliance risk. Taxcient is used by some of the leading Fortune 1000 companies.

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