VERTEX-TAX

Vertex Inc. enterprise tax tech since 1978.

Definition

Vertex product suite: (1) Vertex O Series (on-premises enterprise tax engine, deep SAP + Oracle ECC + Oracle EBS integration via certified connectors). (2) Vertex Cloud (cloud-native SaaS tax engine, modern REST API). (3) Vertex Indirect Tax Returns (automated filings US + global). (4) Vertex Exemption Certificate Manager (ECM). (5) Vertex Payroll Tax. (6) Vertex Tax Data Management (data warehouse + analytics). Vertex differentiator: content depth (~300 in-house tax researchers + economists maintaining content ~50000+ tax jurisdictions + rates + rules globally, monthly updates), ERP integration depth (Vertex SAP certified connector deep, used by ~1500+ SAP customers), income tax depth (Vertex Income Tax + Provision tools). Acquisitions: Tellutax (LATAM 2019), Systax (Brazil 2019), LCR Dixon (UK 2020), Taxamo (US sales tax compliance 2021), Pagero partnership announced 2023 e-invoicing.

Origin

Vertex founded 1978 by Ray Westphal Pennsylvania ; IPO July 2020 NASDAQ VERX ; revenue $570M+ FY2023.

Example in context

Fortune 500 manufacturing SAP S/4HANA + Vertex O Series integration: sales order created in SAP, SAP CALL custom enhancement triggers Vertex O Series API real-time tax computation (US sales tax + VAT EU + GST India + ICMS Brazil), tax amounts written back to SAP order conditions, monthly Vertex Returns files indirect tax returns ~50 jurisdictions globally.

Related terms

• Avalara — cloud-first competitor.
• ONESOURCE Indirect Tax — Thomson Reuters competitor.