KING OF PRUSSIA, Pa., June 28, 2021 (GLOBE NEWSWIRE) – Vertex, Inc. (NASDAQ: VERX) (“Vertex”), a global provider of tax technology solutions, has announced the launch of Vertex® Indirect tax O series® for Coupa Software (NASDAQ: COUP), a new integration designed and supported by Vertex with the Coupa Business Spend Management (BSM) platform.
Managing purchases and expenses can be an information-intensive process involving multiple business units and teams. With the addition of ever-changing tax and regulatory compliance requirements, complexity increases, making it difficult for finance and accounting teams to keep pace and manage properly.
“Optimizing purchasing and spending is one of the primary goals for businesses around the world,” said Mark Rems, head of national transaction tax practices at KPMG. “Companies are looking for solutions like Coupa to integrate source-to-pay processes, improve visibility of overall spend and implement internal controls. A critical part of automating purchasing and maintaining compliance is the management of indirect taxes, and the release of Vertex’s integration with Coupa is a big step forward in helping businesses get the tax right from a payment perspective. suppliers and accrual accounting.
While the previous integration designed by Coupa offered customers an initial level of support, the new Vertex integration allows users to take advantage of the tax API designed by Coupa and supports tax calculation on checkout. of invoices, giving customers more control and oversight through automation and more accurate tax determination.
“With ever-changing regulations and tax requirements, especially in the procurement process, the need for more accurate tax calculations is more imperative than ever,” said Roger Goulart, Executive Vice President of Business Development and wedding rings at Coupa. “Vertex’s new integration with the Coupa BSM platform provides our customers with a streamlined solution for global tax management, compliance and reporting. “
As a certified CoupaLink solution, the Vertex integration has met the requirements of the CoupaLink Certified Technology program. The CoupaLink program enables software partners to create complementary solutions that easily connect to the Coupa platform. Customers benefit by optimizing their business spend, reducing risk and saving the cost of integrating third-party software.
Coupa, Coupa Business Spend Management (BSM), CoupaLink and all Coupa logos are trademarks or registered trademarks of Coupa Software, Inc. All rights reserved.
Vertex, Inc. is a leading global provider of indirect tax software and solutions. The company’s mission is to provide the most reliable tax technology that enables global businesses to trade, comply and grow with confidence. Vertex provides cloud-based and on-premises solutions that can be tailored to specific industries for major indirect tax lines, including sales and consumer use, value added, and payroll. Based in North America and with offices in South America and Europe, Vertex employs over 1,200 professionals and serves businesses around the world.
For more information, visit www.vertexinc.com or follow us on Twitter and LinkedIn.
Copyright © 2021 Vertex, Inc. All rights reserved. The information in this document is intended for informational purposes only, may change at any time in the future, and does not constitute legal or tax advice. Product direction and potential roadmap information does not constitute a guarantee, cannot be incorporated into any contract, and does not constitute a commitment to deliver any hardware, code, or functionality. This information should not be used to make purchasing, legal or tax decisions. The development, release, and timing of any feature or functionality described for Vertex products is at the sole discretion of Vertex, Inc. All statements in this release that are not historical facts are forward-looking statements as defined. in the US Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to various risks and uncertainties described in documents filed by Vertex with the United States Securities and Exchange Commission (“SEC), which could cause a difference. important between actual results and expectations. Vertex cautions readers not to place undue reliance on these forward-looking statements, which Vertex has no obligation to update, and which speak only as of their dates.
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