YORK INTERNATIONAL SELECTS SABRIX' ENTERPRISE TAX SOLUTION FOR TAX AUTOMATION
Transaction Tax is Critical for HVAC&R Leader
SAN RAMON, CA - March 28, 2003 - Sabrix, Inc., a leading provider
of enterprise transaction tax management software and world class
tax research, today announced that York International Corporation,
has selected Sabrix as their global transaction tax management solution
provider.
As a global corporation, York International must ensure that the
correct transaction tax is applied to every transaction, as errors
can cost from seven to nine percent of the contract price - and
with contracts valued in the range of millions of dollars, this
can significantly impact the bottom-line. One of York's biggest
challenges with this requirement is that they need a solution that
will give them all of the information necessary, including up to
30 different data elements, to make the correct tax determination.
The Sabrix solution will enable York International to evaluate all
the data elements required to determine tax and give them the ability
to connect multiple applications with a single global enterprise
transaction tax management solution.
"We selected the Sabrix Solution, to help us facilitate and meet
our taxation requirements, because it will be able to take in an
unlimited number of data elements to determine the appropriate tax,
and handle the calculation and recording for us", said Vicki Smith,
Director of Domestic Taxes, York. "We also need a solution that
can easily integrate with our customer relationship management initiative,
YorkConnect, an application planned to manage and support our growing
service business. After studying the alternatives, Sabrix is the
best solution to handle our enterprise requirements for global transaction
tax and should work well with our current and planned ERP and CRM
solutions."
In addition to Sabrix, York is receiving implementation support
from the nationally known tax solution consultants Yetter Consulting
Services, Inc. Yetter Consulting, a nationally known Sales Tax Solution
Consulting firm, will be instrumental in helping York handle the
tax configuration and research appropriate for the YorkConnect implementation.
"Bringing the Sabrix Solution into York is key to handling the tax
requirements for all transactions accurately and ensuring compliance
for York", said Diane L. Yetter, President of Yetter Consulting.
About Sabrix Inc.
Sabrix Inc. is a leading provider of enterprise transaction tax
software and world class US and international tax research that
enables Global 2000 companies to improve cash management and profitability
through the centralized management of global transaction taxes.
The Sabrix System meets the requirements of complex, globally distributed
companies by providing complete transaction tax management for the
U.S. and international tax authorities and further unlocks the value
of leading ERP platforms. Sabrix also provides world class US and
international tax research, supporting 40 countries, and offers
monthly updates on rates, rules, cross border, country and state
law changes integrated with The Sabrix System. The Sabrix Solution
centralizes all tax determination, calculation, recording, and audit
data for global transactions across an enterprise and has been deployed
in multinational high technology, manufacturing, energy, retail,
and services corporations. As the industry's only enterprise class
transaction tax solution, the Sabrix System reduces the total cost
of tax compliance, ensures global visibility and control, facilitates
strategic tax planning and optimization, and delivers future-proof
enterprise-class software. For more information, please visit www.sabrix.com.
About Yetter Consulting
Yetter Consulting Services, Inc. (YCS) is a firm that focuses exclusively
on its clients' needs regarding sales, use and miscellaneous state
and local transaction taxes. Their services include: Sales Tax System
Implementation, Taxability Analysis and Nexus Evaluation, Sales
and Use Tax Audit Defense and Refund Claims, and Sales and Use Tax
Training as The Sales Tax Institute. More information about Yetter
Consulting Services is available at http://www.salestaxinstitute.com/yetter.html
About York International
York International Corporation is a full-line, global manufacturer
of heating, ventilating, air conditioning and refrigeration (HVAC&R)
products. YORK is the largest independent supplier of HVAC&R
equipment in the U.S. and a leading industry competitor internationally.
The company's products are sold in more than 100 countries and has
approximately 22,800 employees worldwide. More information about
York is available at http://www.york.com
.
Contact:
Lisa Murray
Press Relations
Sabrix Inc.
925-543-0110
lisa.murray@sabrix.com
Diane Yetter
President
Yetter Consulting Services, Inc.
312-986-1086
diane@salestaxinstitute.com