Sabrix User Conference Yields Insights Into Transaction Tax Compliance from Industry Tax Leaders
Corporate Transaction Tax Focus Shifts from Operational Excellence to Strategic Planning
SAN RAMON, Calif. – September 21, 2006 — Sabrix, Inc., the leading provider in Consolidated Transaction Tax Management™ applications, kicked off its international user conference this week. The event, well attended by transaction tax industry leaders in Sabrix's customer base, which includes 50 percent of the Fortune Global 10, yielded significant insights into trends in sales tax, use tax, and VAT compliance. Discussions this week indicated that companies worldwide are evolving transaction tax management from an operational to a strategic business planning function.
The 2006 Sabrix User Conference served as a forum for corporate tax strategists and sales tax, use tax and VAT experts to share experiences, best practices, and lessons learned in transaction tax management. With changing business systems and evolving corporate governance requirements, transaction tax professionals are increasingly being called upon to influence business decisions, creating demand for greater visibility into, and control over, global transaction taxes and their impact.
"Sabrix customers represent the most forward-thinking companies in the area of transaction tax management," adds Steve L. Adams, president and CEO of Sabrix. "Our user conference is an ideal forum for the entire Sabrix community of customers, partners, and employees to meet and share ideas, insights and innovative best practices. A gathering of this much talent in a single location always yields valuable insight into current and future transaction tax directions, and is one of the ways Sabrix ensures that we deliver the highest quality products and services to support even the most complex transaction tax requirements."
This year's event delivered strategic and technical educational sessions featuring Sabrix tax and technology experts, partners, and customers. The presentations and break-out sessions covered tax trends, products and services, technical, and strategic business process topics. A number of Sabrix customers presented at the event, including DTE Energy and Sportsman's Warehouse, as well as leading companies in consumer products, oil & gas, retail, and technology.
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