Sabrix Announces Packaged Software for Consolidated Transaction Tax Management
Companies Improve Sales, Use and VAT Tax Management and Reduce Costs with Sabrix
SAN RAMON, Calif. – January 13, 2005 — Based on the success of its Think Global, Start Local promotion last year, Sabrix, Inc., a leading provider of enterprise tax applications, launched a new packaged version of its transaction tax software today, providing companies of all sizes the immediate financial benefits of automating tax management without a large upfront technology investment. The Think Global, Start Local program is now part of the Sabrix standard offering to help companies lower the barriers to corporate tax automation with a complete solution for consolidated transaction tax management for sales, use and international value-added tax (VAT) covering more than 130 countries.
Designed for tax or finance departments seeking an automated system to ensure tax compliance, improve audits and meet new Sarbanes-Oxley Act requirements, Sabrix's packaged software with flexible pricing options give companies a quick start toward tax savings. By automating sales, use, and international VAT tax management, organizations large and small can lower tax costs and improve cash management.
"With the increasing demands on tax and finance staff, as well as new corporate compliance rules, companies can't afford to continue costly, inaccurate manual processing of transaction taxes," said Steve L. Adams, president and CEO of Sabrix. "Sabrix's Think Global, Start Local program gives finance departments and companies of all sizes an affordable way to quickly save tax dollars, and lower risk and administrative costs. Automation with Sabrix helps companies manage tax more efficiently, regardless of the size of the company, department, or scope of the tax challenge."
Starting as low as $48,000, the Think Global, Start Local annual subscription includes the Sabrix Application Suite, software upgrades, support, and monthly updates for Sabrix's tax research covering 11,000 domestic taxing jurisdictions.
For more information on Sabrix's Think Global, Start Local program call 1-866-4-SABRIX (1-866-472-2749), or visit www.sabrix.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