Sabrix Offers Free Business Assessment to Thomson Tax & Accounting's InSource Customers
Free assessment of sales, use, and VAT processes enables InSource customers to explore opportunity to improve financial results through enterprise tax automation.
SAN RAMON, Calif. - February 19, 2004 — Sabrix, Inc., a leading provider of enterprise tax applications, today announced a special promotion for qualifying customers of InSource®, the industry-leading tax compliance software from Thomson Tax & Accounting's RIA Compliance division. The promotion enables Thomson customers to discover opportunities to deliver improved financial results through the enterprise automation of U.S. sales and use tax and international value-added tax (VAT) processes and the integration of InSource with an enterprise-wide tax solution.
The business assessment is designed to review tax processes and tax technology practices across a broad range of industries. As part of the assessment, companies will receive a detailed review of current business processes and tax automation, a report on where and how measurable improvements can be achieved, a proposal that outlines the desired future state and anticipated results, and an implementation roadmap for moving from the current state to the desired state based upon Sabrix-developed best practices.
In any future state of an implementation, InSource customers will enjoy a streamlined business process where the Sabrix application provides all sales and use tax determination, calculation, and reporting and provides a direct connection to the InSource compliance software for the timely and accurate filing of returns.
About Sabrix
Sabrix, Inc. is a leading provider of transaction tax management for companies of all sizes, enabling finance, tax, and IT professionals to achieve accurate, timely, and cost-effective compliance for sales tax, use tax, Value Added Tax (VAT), excise tax and industry-specific taxes and fees. The Sabrix Application Suite serves global enterprises such as Amazon.com, BASF, Cisco, DTE Energy, IBM, QUALCOMM, Sportsman’s Warehouse, and York International. The Sabrix Application Suite seamlessly connects to all financial applications requiring the determination, calculation, and recording of transaction taxes. The company also offers the Sabrix Managed Tax Service™ (MTS), an outsourced transaction tax compliance service that helps finance departments of small-and-medium-sized businesses eliminate the hassle, control their audit exposure, and reduce the total cost of sales tax, use tax, and VAT compliance. Sabrix MTS seamlessly integrates with a company’s existing accounting and e-commerce systems, and, similar to outsourced payroll services, operates as a trusted extension of a company’s finance department to address tax compliance from start to finish: address validation, tax rate maintenance, tax determination and calculation, returns preparation and filing as well as audit research and documentation. For more information, please visit www.sabrix.com.
About The Thomson Corporation and RIA
The Thomson Corporation
The Thomson Corporation (www.thomson.com), with 2003 revenues of $7.6 billion, is a global leader in providing integrated information solutions to business and professional customers. Thomson provides value-added information, software tools and applications to more than 20 million users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare. With operational headquarters in Stamford, Conn., Thomson has approximately 43,000 employees and provides services in approximately 130 countries. The Corporation's common shares are listed on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).
As part of Thomson Tax & Accounting, RIA Compliance(www.riathomson.com) is the premier provider of technology and information to tax professionals in accounting firms and corporations, providing the industry-leading tax compliance software for even the most complex requirements and the most comprehensive and innovative tax research and information products available. Thomson Tax & Accounting also includes business units Creative Solutions, Fast-Tax and PPC.
For press inquiries:
Kurt Foeller
Foeller Communications
sabrix@foellercom.com