2023-11-06 | TSX:SHOP | Press Launch

2023-11-06 | TSX:SHOP | Press Launch

[ad_1]

Vertex turns into the primary Shopify Tax Platform Accomplice to combine straight into Shopify and automate world oblique tax calculation for enterprise corporations.

KING OF PRUSSIA, Pa., Nov. 06, 2023 (GLOBE NEWSWIRE) — Vertex, Inc. (NASDAQ:VERX) (“Vertex” or the “Firm”), a world supplier of tax know-how options, introduced right this moment its partnership with Shopify Inc. (NYSE, TSX: SHOP), a supplier of important web infrastructure for commerce.

This partnership will allow enterprise retailers utilizing the Shopify Tax Platform for business-to-business (B2B) and business-to-consumer (B2C) gross sales to automate tax calculation and compliance on a world scale. The SaaS-based resolution removes boundaries to commerce progress and accelerates the transaction course of by eliminating the necessity to manually replace complicated charges and guidelines for over 195 nations, together with vendor’s use tax, items and companies tax and worth added tax.

As the primary world tax know-how companion to hitch the Shopify Tax Accomplice Platform, Vertex gives rising companies a single, unified world resolution to streamline the complexities of cross-border oblique tax.

“Our aim is to assist organizations remodel their enterprise operations to ship a unified commerce expertise,” mentioned Vertex Chief Industrial Officer, Chris Jones. “With the combination of Vertex options, enterprise retailers utilizing Shopify will help be certain that tax is utilized precisely and persistently no matter how, when or the place their prospects transact.”

Vertex’s partnership with Shopify comes because the commerce chief continues to ramp up its product innovation within the enterprise market. Shopify powers 10% of U.S. ecommerce and was not too long ago acknowledged as a Chief within the 2023 Gartner® Magic Quadrant™ in Digital Commerce, the go-to useful resource for decision-makers in enterprise commerce, and positioned highest in potential to execute.

“By welcoming Vertex as a Shopify Tax Platform Accomplice, we’re addressing the distinctive complexities of promoting throughout a number of world tax jurisdictions and in area of interest classes with a service that’s versatile sufficient to develop with enterprise companies,” mentioned Bobby Morrison, Chief Income Officer at Shopify. “Collectively, Vertex and Shopify are increasing on the worth we deliver to enterprise retailers, empowering corporations to transact, comply and scale with confidence.”

For extra details about the Vertex integration to Shopify, go to https://www.vertexinc.com/companions/shopify.

About Vertex

Vertex is a number one world supplier of oblique tax software program and options. The corporate’s mission is to ship probably the most trusted tax know-how enabling world companies to transact, comply and develop with confidence. Vertex offers options that may be tailor-made to particular industries for main strains of oblique tax, together with gross sales and shopper use, worth added and payroll. Headquartered in North America, and with places of work in South America and Europe, Vertex employs over 1,400 professionals and serves corporations throughout the globe.

For extra data, go to www.vertexinc.com or comply with us on Twitter and LinkedIn.

About Shopify

Shopify is the main world commerce firm that gives important web infrastructure for commerce, providing trusted instruments to begin, scale, market, and run a retail enterprise of any dimension. Shopify makes commerce higher for everybody with a platform and companies which can be engineered for pace, customization, reliability, and safety, whereas delivering a greater procuring expertise for customers on-line, in-store and all over the place in between. Shopify powers hundreds of thousands of companies in additional than 175 nations and is trusted by manufacturers akin to Mattel, Gymshark, Heinz, FTD, Netflix, Kylie Cosmetics, SKIMS, Supreme, and plenty of extra. For extra data, go to www.shopify.com.

COPYRIGHT © 2023 VERTEX, INC. ALL RIGHTS RESERVED. THE INFORMATION CONTAINED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY, MAY CHANGE AT ANY TIME IN THE FUTURE, AND IS NOT LEGAL OR TAX ADVICE. THE PRODUCT DIRECTION AND POTENTIAL ROADMAP INFORMATION IS NOT A GUARANTEE, MAY NOT BE INCORPORATED INTO ANY CONTRACT, AND IS NOT A COMMITMENT TO DELIVER ANY MATERIAL, CODE, OR FUNCTIONALITY. THIS INFORMATION SHOULD NOT BE RELIED UPON IN MAKING PURCHASING, LEGAL, OR TAX DECISIONS. THE DEVELOPMENT, RELEASE, AND TIMING OF ANY FEATURES OR FUNCTIONALITY DESCRIBED FOR VERTEX’S PRODUCTS REMAINS AT THE SOLE DISCRETION OF VERTEX, INC. ANY STATEMENTS IN THIS RELEASE THAT ARE NOT HISTORICAL FACTS ARE FORWARD-LOOKING STATEMENTS AS DEFINED IN THE U.S. PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. ALL FORWARD-LOOKING STATEMENTS ARE SUBJECT TO VARIOUS RISKS AND UNCERTAINTIES DESCRIBED IN VERTEX’S FILINGS WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION (“SEC”) THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM EXPECTATIONS. VERTEX CAUTIONS READERS NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS WHICH VERTEX HAS NO OBLIGATION TO UPDATE

Vertex contact:

Rachel Litcofsky

Vertex, Inc.

mediainquiries@vertexinc.com

Investor Relations contact:

Joe Crivelli

Vertex, Inc.

ir@vertexinc.com



Primary Logo

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *