SOURCE: Thomson Reuters

Thomson Reuters

March 09, 2010 09:30 ET

Thomson Reuters Helps Companies Respond to Rising Costs of Sales & Use Tax Requirements

Heckler & Koch and Planar Systems, Inc. Turn to Sabrix Outsourced Managed Services Model

SAN RAMON, CA--(Marketwire - March 9, 2010) -  The Tax & Accounting business of Thomson Reuters announced today that Heckler & Koch and Planar Systems are among the companies migrating from their on-premise software solution, the Sabrix Application Suite, to Sabrix Managed Tax Service™ (MTS), the company's outsourced managed services solution.

Sabrix MTS combines an on-demand version of the same trusted tax platform used by leading global companies, combined with service from a multidisciplinary team of tax experts and SAS 70 certified processes. Customers of Sabrix MTS benefit from the millions of dollars invested in technology, security, tax content and industry proven best practices for a simple subscription price. 

"Revenue deficits are resulting in more complex and aggressive tax burdens from state and local governments. Yet companies are still expected to remain in compliance and balance their need to limit audit liabilities and preserve cash flow," said Mark Montgomery, director of Tax & Treasury for Planar Systems, Inc. "By moving from Sabrix's on-premise solution to their outsourced service, we have reduced IT costs and can now free up our staff by relying on their tax experts."

Acting as an extension of a company's finance department, Sabrix MTS minimizes the hassle, reduces the costs, and limits audit exposure of sales tax compliance. The service addresses the complete transaction tax management process, including nexus studies, address validation, tax rate maintenance, determination and calculation, signature-ready return preparation, filing and remittance, as well as audit research and documentation. 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 Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people and operates in over 100 countries. For more information, go to www.thomsonreuters.com.

The Tax & Accounting business of Thomson Reuters is the leading provider of technology and information solutions, as well as integrated tax compliance software and services to accounting, tax and corporate finance professionals in accounting firms, corporations, law firms and government. Headquartered in New York, Tax & Accounting has major operations in Dallas, Ann Arbor (Michigan), London, Sydney, and Toronto, and offices in nine countries. For more information, go to http://thomsonreuters.com/products_services/taxacct/.

Sabrix and Sabrix Managed Tax Service are trademarks of Thomson Reuters. All other company and product names are trademarks or registered trademarks of their respective holders.

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