SAP Users Can Reduce Transaction Tax Compliance Costs
Sabrix to Present and Exhibit at SAP Financials 2006 Conference
SAN RAMON, Calif. – March 7, 2006 — Sabrix, Inc., the leading provider of Consolidated Transaction Tax Management™ applications, will present at the SAP Financials Conference in Las Vegas later this week. The SAP Financials Conference runs March 8-10, 2006, and offers strategies, best practices, and expert-led instruction for finance teams that rely on SAP software. Sabrix enterprise application integration experts, Stefan Blumer and Mike Swope, will share financial business process best practices that positively impact corporate profitability and transaction tax audits for sales, use and value-added (VAT) tax.
Leading SAP customers use Sabrix applications to manage their global transaction tax needs, including Global 2000 companies in industries such as chemicals, consumer products, energy services, high-tech, and transportation. Only Sabrix offers companies the ability to manage complex sales and use tax and VAT transactions in SAP through clicks, not complex code changes, for consistent accuracy, control and efficiency.
| WHAT: | SAP Financials Conference Presentation: "Tips and Tricks on Planning and Executing your International Transaction Tax Implementation" |
| WHO: | Stefan Blumer, Senior Manager, SabrixConnection Development and Mike Swope, Sabrix Product Manager |
| WHEN: | Friday, March 10, 2006 at 8:30 a.m. |
| WHERE: | SAP Financials Conference The Venetian Hotel, Las Vegas |
Blumer and Swope will provide insights on the impact of tax planning for initial stages of a SAP implementation, and key steps to ensure tax payment accuracy and compliance. To avoid tax surprises, companies should also include transaction tax determination in all stages of a SAP implementation project plan. The session will review how to set up essential components in SAP to minimize tax return costs and ongoing maintenance of financial data. Several international transaction tax scenarios will be presented, and conference attendees will learn how SAP can be configured to process these transactions using an external tax engine.
In addition to the transaction tax presentation, Sabrix will participate in the "SAP Ask The Experts Forum" on Thursday, March 9 from 5:30-7:30 p.m. Sabrix will also exhibit at the event in booth number 403.
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