Outsourced sales and use tax solution extends control and visibility into tax operations, while reducing reconciliation time and increasing accuracy

SAN RAMON, CA – November 12, 2009 – Sabrix, Inc., a leading provider of transaction tax management for companies of all sizes, today announced the availability of the Fall 2009 version of Sabrix Managed Tax Service (MTS).

Combining an on-demand version of the same trusted tax platform that powers over $1.7 trillion in transaction taxes for companies worldwide, service from a multidisciplinary team of tax experts and SAS 70 certified processes, the latest version of Sabrix MTS™ provides even greater control and accuracy so companies can more easily leverage Sabrix’s outsourced services. As a software as a service offering, Sabrix MTS Fall 2009 is automatically available to existing MTS clients at no additional fee.

“Because more and more companies, including the enterprise, are outsourcing the tax function entirely, we added features that provide even more control so our customers can continue to achieve compliance with confidence,” said Pam Kostka, Senior Vice President of Corporate Marketing of Sabrix. “This latest version of Sabrix MTS is the culmination of feedback from our users who want more accuracy, insight and control, but without having to manage the cumbersome operational aspects of tax compliance.”

Sabrix MTS Fall 2009 feature highlights include:

• Enhanced reporting capabilities that further minimize time required to manage tax compliance operations, while still providing complete control and insight:
  • Period close reconciliation reports to reconcile invoices with the period in which they will be processed for returns to their GL.
  • Returns summary reports that provides a summarization of tax to cash for each return.
• Expanded tax services including:

• • Tax rate scenario testing, managed by Sabrix’s team of tax experts, provides the ability to implement and test tax changes for accuracy prior to production and with the simple push of a button.
  • Tax rate changes – Ongoing updates on new authorities and rate changes broken down by state, with 943 changes through October 2009 alone.

Pricing and Availability

Sabrix MTS is available now. Pricing is on a subscription basis and is based off a company’s transaction tax complexity. For more information, visit www.sabrix.com/sabrixmts

About Sabrix MTS

Sabrix MTS combines an on-demand version of the same trusted tax platform that powers over $1.7 trillion in transaction taxes for companies of all sizes, including many Global 2000 leaders, combined with service from a multidisciplinary team of tax experts and SAS 70 certified processes. 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. 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. More customer case studies and other information are available online: www.sabrix.com/sabrixmts.

About Thomson Reuters

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The Tax & Accounting business of Thomson Reuters is the leading provider of technology and information solutions, as well as integrated tax compliance software and services to accounting, tax and corporate finance professionals in accounting firms, corporations, law firms and government. Headquartered in New York, Tax & Accounting has major operations in Dallas, Dexter (Michigan), London, Sydney, and Toronto, and offices in nine countries. For more information, go to http://thomsonreuters.com/products_services/taxacct/.

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For press inquiries:
Aimee Quemuel
Codey Communications
415-753-9005
aimee@codeycommunications.com