Vertex companions with Shopify to simplify tax compliance globally

Vertex companions with Shopify to simplify tax compliance globally

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KING OF PRUSSIA, PA, Nov. 6, 2023 (GLOBE NEWSWIRE) — Vertex, Inc. (NASDAQ:VERX), hereinafter “Vertex” or “the Firm,” a worldwide supplier of tax know-how, at this time pronounces at this time the conclusion of a partnership with Shopify Inc. (NYSE, TSX: SHOP), specialist in net infrastructure important to commerce.

This settlement will allow industrial companies growing enterprise (B2B) and private (B2C) gross sales methods to leverage the Shopify Tax platform to automate each tax calculation and tax compliance on the identical time. worldwide scale. The SaaS mode platform removes obstacles to the expansion of commerce and accelerates transactions. It eliminates the guide adjustment of charges and the updating of complicated rules in power in additional than 195 nations, notably to be used tax, items and providers tax and worth tax added imposed on sellers.

Vertex is the primary tax know-how associate to affix the Shopify Associate Program. As such, the Firm presents companies of their progress part a singular world resolution to simplify the complicated course of related to cross-border oblique taxation regimes.

“Our mission is to assist firms evolve their enterprise mannequin to create a singular commerce expertise,” mentioned Chris Jones, Chief Industrial Officer at Vertex. With the combination of Vertex options, retailers utilizing Shopify can guarantee tax software is correct and constant no matter how, when, or the place their clients transact. “.

The partnership between Vertex and Shopify comes because the commerce chief continues to speed up the introduction of revolutionary merchandise for companies. In america, Shopify powers 10% of e-commerce, and not too long ago joined the leaders within the 2023 Gartner Magic Quadrant™ report® devoted to e-commerce, the benchmark evaluation for enterprise decision-makers, and achieved one of the best leads to execution capability.

“Welcoming Vertex on the coronary heart of our associate program addresses the complexities of promoting in a number of world tax jurisdictions and area of interest segments, with a service versatile sufficient to scale with industrial companies , noticed Bobby Morrison, CFO at Shopify. Collectively, Vertex and Shopify ship worth to retailers and allow companies to transact compliantly and develop with confidence.”

To be taught extra concerning the Vertex – Shopify integration, go to: https://www.vertexinc.com/companions/shopify.

About Vertex
Vertex, Inc. is a number one world supplier of options devoted to oblique tax administration. The Firm’s mission is to offer essentially the most trusted tax know-how to allow world companies to transact compliantly and develop with confidence. Vertex supplies options that may scale to particular industries for main oblique tax classes, together with gross sales tax, use tax, value-added tax, and payroll tax. Headquartered in North America, with workplaces in South America and Europe, Vertex employs greater than 1,400 professionals and supplies providers to companies worldwide.

To be taught extra, go to: www.vertexinc.com or comply with us on Twitter and LinkedIn.

About Shopify
Shopify is the world’s main commerce firm offering foundational know-how infrastructure, offering dependable instruments to begin, develop and handle a retail enterprise of any measurement. Shopify improves commerce for everybody with a platform and providers designed for velocity, personalization, reliability, and safety whereas delivering a greater buying expertise for shoppers on-line, in-store, and in all places in between. Shopify is residence to thousands and thousands of companies in over 175 nations and is trusted by Mattel, Gymshark, Heinz, FTD, Netflix, Kylie Cosmetics, SKIMS, Supreme, and lots of extra manufacturers. For extra info, go to: www.shopify.com.

COPYRIGHT © 2023 VERTEX, INC. ALL RIGHTS RESERVED. THE INFORMATION CONTAINED IN THIS RELEASE IS PUBLISHED FOR INFORMATIONAL PURPOSES ONLY. THEY MAY BE SUBJECT TO FUTURE DEVELOPMENTS AT ANY TIME, AND DO NOT CONSTITUTE LEGAL OR TAX ADVICE IN ANY WAY. PRODUCT DIRECTION AND POTENTIAL ROADMAP INFORMATION DOES NOT CREATE ANY WARRANTY, CANNOT BE FORMED INTO ANY CONTRACT, OR REPRESENT A COMMITMENT TO PROVIDE ANY MATERIAL, CODE OR FUNCTIONALITY. THIS INFORMATION SHOULD NOT BE USED TO MAKE ANY PURCHASE, LEGAL OR TAX DECISION. THE DEVELOPMENT, LAUNCH AND TIMING IN CONNECTION WITH ANY DESCRIBED FUNCTIONALITY OR FEATURE OF VERTEX’S PRODUCTS REMAINS IN THE SOLE DISCRETION OF VERTEX, INC. ALL STATEMENTS CONTAINED IN THIS RELEASE THAT ARE NOT HISTORICAL FACTS CONSTITUTE FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF THE U.S. PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. ALL FORWARD-LOOKING STATEMENTS ARE SUBJECT TO VARIOUS RISKS AND UNCERTAINTIES DESCRIBED IN THE DOCUMENTS MENT FILED BY VERTEX WITH THE U.S. FEDERAL REGULATORY AND SUPERVISORY AGENCY (THE “SEC”), WHICH COULD RESULT IN A SIGNIFICANT DIFFERENCE BETWEEN ACTUAL RESULTS AND EXPECTATIONS. VERTEX ADVISES READERS NOT TO PLACE UNDULY RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH VERTEX HAS NO OBLIGATION TO UPDATE.

Contact Vertex :
Rachel Litcofsky
Vertex, Inc.
mediainquiries@vertexinc.com

Investor Relations Contact:

Joe Crivelli
Vertex, Inc.
ir@vertexinc.com

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