Companies of all sizes turn to Sabrix to keep operating costs down, while responding to increasingly complex sales and use tax requirements

SAN RAMON, CA – May 27, 2009 – Sabrix, Inc., a leading provider of transaction tax management for companies of all sizes, today announced a record breaking  Q1 2009 compared to the same quarter in the previous year for its outsourced service Sabrix Managed Tax Service (MTS).  New companies ranging from small start-ups to companies doing hundreds of millions in revenue have opted to outsource their sales and use tax process to Sabrix to achieve compliance with confidence in an increasingly challenging landscape as state and local government leverage sales and use tax to address budget deficits.  A partial list of new customers includes:  Dairy Data Processing, HCSG Corporation, K/P Corporation and SDI Industries.

While these latest customer additions represent a variety of industries and companies of all sizes, they share a common desire to lower the total cost of compliance and eliminate the need to balance compliance costs against audit risks.

“Revenue deficits are resulting in increasingly complex and aggressive tax burdens from state and local government.  Meanwhile, companies  are still expected to remain in compliance and balance their need to limit audit liabilities and preserve cash flow,” said Pam Kostka, SVP of Corporate Marketing, Sabrix.  “Our strong first quarter is validation that Sabrix MTS is the perfect solution for companies of all sizes looking to minimize the staff time and cost devoted to transaction tax management, while responding to the increasingly challenging tax landscape.”

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. 

Sabrix MTS allows companies to outsource their sales and use tax compliance process to highly skilled tax experts using a trusted tax platform that currently powers over $1.7 trillion in transaction taxes for companies of all sizes, including many Global 2000 leaders.  Acting as an extension of a company’s finance department, Sabrix MTS’ tax experts, proven software, and best practices minimize the hassle, reduce the costs, and limit audit exposure of sales tax compliance.  The service addresses the complete tax management process, including address validation, tax rate maintenance, determination and calculation, signature-ready return preparation 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

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