MEDIA ALERT
CFO.com Webcast Highlights How CFOs Can Be Freed From Sales and Use Tax Hassles to Be More Strategic
CFOs Endorse Managed Tax Service Approach for Achieving Sales and Use Tax Compliance
San Ramon, CA February 6, 2008 — Sabrix®, Inc., the proven experts in transaction tax management solutions for companies of all sizes, today announced a CFO.com webcast to be held on February 12: “CFOs Freed to Be More Strategic with New Sales and Use Tax Compliance Strategies.”
A Tallman Insight survey of over 500 mid-market CFOs reveals finance professionals are facing competing pressures to be more strategic while getting bogged down by more complex compliance requirements, such as sales and use tax. The report also highlights the hidden, fragmented cost of compliance, averaging $130k-$330k a year. These pressures and costs are driving the emerging trend of outsourcing sales and use tax compliance.
| MORE INFORMATION: | The presentation will include a case study from Power Systems CFO, Mike Akers, findings from a recent survey of 500 CFOs at small- and medium-sized firms in the U.S., and topics including top sales and use tax challenges, the hidden cost of compliance, as well as new services providing on-demand technology and tax expertise. |
| WHEN: | Tuesday, February 12, 11 a.m. PST/ 2 p.m. EST |
| PRESENTERS: | Mike Akers, CFO of Power Systems, Inc. |
| WHO SHOULD ATTEND: | Finance professionals who serve small and mid-market businesses. |
| TO REGISTER: | Visit this link, or www.cfo.com/webcasts |
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