Vertex, a provider of tax technology and services, has released Vertex Indirect Tax O Series Version 8.0. Expanded functions of the solution address the increasing complexity of global transaction tax management and enhance usability, simplifying taxation and compliance.
“The business world is becoming more globally connected, making tax complexity difficult for companies to navigate on their own. Recognizing this challenge, Vertex O Series Version 8.0’s functionality allows all organizations, particularly those with an international presence, to focus on the business decisions that will impact their bottom line, rather than concerns about compliance,” said Chris Lawrence, solution strategy leader at Vertex. “From VAT enhancements and international adjustments to improved usability, Vertex O Series Version 8.0 makes the otherwise complex tax world simple.”
The intricacies and variety of global fiscal regulations pose tax data management and compliance challenges to multinational companies. Vertex O Series Version 8.0 navigates complex scenarios, provides a necessary level of granularity and ensures accurate processing of VAT withholding taxes. The updated tax solution also improves memory management, error logging and reporting capabilities for all organizations. Additional capabilities include:
Expanded LATAM Capabilities
New Eurozone VAT Features
North America Capabilities Expansion
Additional Technical Improvements