Ariba and Sabrix Bring Benefits of Spend Management to Transaction Tax Management
SAN RAMON, Calif. - April 21, 2005 — Sabrix™, Inc., a leading provider of Consolidated Transaction Tax Management™ applications, announced that it is working with Ariba®, Inc. [Nasdaq: ARBA], to extend the benefits of spend management to shared customers dealing with the complexities of transaction taxes. The companies are cooperating to enable the integration of the Sabrix Application Suite and Ariba® Spend Management™ solutions, allowing corporations to improve cash flow and reduce the cost of compliance for sales and use tax on purchases. Sabrix will also be exhibiting next week at Ariba LIVE 2005 from April 25-28, 2005 in Orlando, Florida, in booth 17.
Unlike sales tax collection which is primarily the function of collecting tax from customers and remitting it to the government, sales and use tax on purchases represent actual costs incurred by a company-estimated to be in the billions for Global 2000 companies. These substantial costs can be reduced through effective tax management. Determining the correct tax for payment purchased items is complex, with more than 11,500 tax authorities in the U.S. applying different rates and exemptions for a wide variety of products and services. Compounding this challenge is the fact that taxes on identical items will vary based upon how the item is ultimately used by the company making the purchase.
The shared customers of Sabrix and Ariba can now benefit from communication between Ariba Spend Management solutions and the Sabrix Application Suite for improved enterprise-wide spend control and insight into tax liabilities, as well as increased efficiencies, reduced costs, and an improved bottom line. Sabrix has joined the Ariba Solution Development Alliance Program to create complementary extensions and interoperability between the respective offerings. The Ariba Solution Development Alliance Program offers new capabilities, knowledge, tools and value-added services to support participants in developing complementary technology and building third-party applications and services integration to Ariba solutions.
"Working with Sabrix, we can provide our customers technologies that extend the capabilities of specific areas within their overall spend management initiatives," commented Becky Mattick, director of global alliances, Ariba, Inc. "The integration with Sabrix gives procurement and tax professionals more effective procurement controls and better tax compliance capabilities."
"Effective tax management includes not only accurately assessing and paying consumers use tax on indirect purchases, but also validating sales tax and sellers use tax on vendor invoices," added Eric Ruud, senior vice president of sales for Sabrix. "The integration of the Sabrix Suite with Ariba Spend Management solutions gives companies significant bottom-line savings by enhancing procurement with real-time and accurate tax determination, calculation, and reporting."
About Ariba, Inc.
Ariba, Inc. is the leading provider of Spend Management solutions to help companies realize rapid and sustainable bottom line results. Successful companies around the world in every industry use Ariba Spend Management software and services. Ariba can be contacted in the U.S. at 1.650.390.1000 or at www.ariba.com.
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.
For press inquiries:
Kurt Foeller
Foeller Communications
sabrix@foellercom.com