Home / Knowledge / News / Information Technology / Vertex O Series as 'Best Investment for 2010' – Retail Industry
Vertex O Series as 'Best Investment for 2010' – Retail Industry
19
Dec '09
Vertex, Inc., the leading provider of enterprise corporate tax solutions, has secured its position as the leading tax automation provider for the Retail industry by achieving substantial sales throughout 2008 and 2009 to major national and international retailers.

Retailers are in support of Vertex and have voiced their opinion in a recent market survey slating Vertex O Series as a “Best Investment for 2010.” According to market research, 60 percent of top 10 apparel and accessory Retailers and 50 percent of the top 10 general merchandise and e-tail Retailers have turned to Vertex to provide their tax process management solution. Retailers utilizing Vertex Solutions include Aldo Group, Dollar Tree Management Inc., and Michael's Stores.

“The continued growth that we are experiencing with sales of Vertex O Series to the Retail industry, demonstrates the value that this product is bringing to a specialized market segment,” states John Cowan, Director of Solutions Practice. “Fifty percent of the top 10 North American Retailers have acknowledged that only Vertex provides solutions to support the complex transactional environment of this market.”

Retailers are facing increasing challenges to comply with complex state and local tax regulations for managing the taxability of multi-channel transactions, a high-volume of transactions, jurisdictional special tax rates and rules, and increasing growth and market expansion through mergers and acquisitions. Through Vertex O Series, these Retailers are finding the solution they need which delivers a multi-channel, end-to-end comprehensive and centralized indirect tax solution.

Vertex recognized early on that automating the tax at the Retail POS level would involve integrating with dozens of POS systems and versions. Therefore, the retail solution was designed from the ground-up to deliver a superset of tax data that has easily integrated with the existing legacy or new tax data models of merchandising and POS systems.

In addition, certain POS providers have integrated their POS applications to the Vertex Retail In-Store Tax Engine. Vertex's Retail Partner program is currently engaged with the top POS providers to create an even more seamless and functionally rich solution for indirect tax as they evolve their ability to help our clients accomplish the highest degree of accuracy for all nuances of the tax law.

Furthermore, to ensure the success of all retail clients, Vertex offers Vertex Consulting Services to provide guidance on tax system implementation, tax process optimization, and tax data management services.

“Being the leader in retail tax automation solutions indicates that the industry has a trusted partner in Vertex,” says Jeff Westphal, Vertex President and CEO. “While the past two years have undeniably established Vertex as the industry's preferred provider of tax automation solutions in retail, the future will continually demonstrate our commitment to research and development to benefit the retail market segment even further.”

Vertex Inc


Must ReadView All

Textiles | On 29th Jun 2017

Indian textile industry will reach new milestone by 2020

By 2020, textile technologies will be highly advanced not only with...

Alessandro Zucchi; Courtesy: ACIMIT

Textiles | On 29th Jun 2017

Alessandro Zucchi succeeds Carabelli as ACIMIT president

The members’ assembly of the Association of Italian Machinery...

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search