The most recent global recession has had many ripple effects. One of them is an unprecedented era of what Berwyn-based global corporate tax solutions provider Vertex Inc. calls hyper-regulation. As systemic changes have impacted how corporations plan and manage their tax operations, Vertex has been busy creating a solution it believes is as groundbreaking as it is vital.
In the fall of 2010 the company rolled out Vertex Enterprise, a comprehensive solution intended to integrate all tax processes with host Enterprise Resource Planning (ERP) and Business Intelligence (BI) systems on a single platform utilizing a tax warehouse. Vertex believes the breakthrough technology enables corporations to make more insightful and effective tax strategy decisions and deliver more consistency to their bottom lines.
Vertex Enterprise addresses a key issue wrought by hyper-regulation and a crowded marketplace--there are many varied corporate tax technology solutions offer fragmented applications or point solutions and spreadsheets. However, Vertex's latest offering appears to do what the others can't--address global transparency and address future issues as regulations change.
Founded in 1978, Vertex has offices across the globe, opening one in Brazil in the last year, and targets corporate tax departments that deal in multiple jurisdictions in the U.S. or overseas. In the last year, Vertex boosted its company-wide employment by more than 10 percent to 700. The company has stayed at the forefront of the always-changing industry. As a founding partner of Tax 2.0, it is part of an emerging community for corporate tax leaders whose mission is to foster innovation and define best practices to drive performance excellence in tax administration.