Vertex, Inc. Company Research Report
Company Overview
Name, Mission of the Company
Vertex, Inc.
Mission: “We will accelerate global commerce by reducing friction, increasing transparency, and enabling greater confidence in meeting indirect obligations.”
Foundation Details
- Founded: No information is available.
- Founder(s): No information is available.
Key People
- David DeStefano: President, CEO, and Chairperson of the Board
- John Schwab: Chief Financial Officer
- Sal Visca: Chief Technology Officer
- Chris Jones: Chief Commercial Officer
- Ann Hollins: Chief People Officer
- Chirag Patel: Chief Strategy Officer
- Mindy Cunningham: SVP of Customer Success & Services
- Carlo Cautilli: SVP of Sales
- Bryan Rowland: Senior Vice President & General Counsel
- Steve Hinckley: Chief Operating Officer
- Jeff Foucher: Chief Marketing Officer
- Michael Davis: Chief Tax Strategy Officer
- Ben Askin: Chief Information Officer
- Ryan Leib: Chief Accounting Officer
- Uwe Sydon: Senior Vice President, Product Management
- Brad Cameron: Senior Vice President, Software Engineering
- Nigel Rughani: Vice President, Corporate Development
Headquarters
- Location: 2301 Renaissance Blvd., King of Prussia, PA 19406, USA
Employee and Financial Information
- Number of Employees: No information is available.
- Revenue: No information is available.
Notable for
Vertex is known for its tax technology solutions, providing comprehensive indirect tax solutions that automate and streamline tax processes for businesses globally. The company boasts over 40 years of market experience and supports businesses in over 195 countries.
Products
Overview of Products
- Vertex TaxCalc: Improves indirect tax accuracy across jurisdictions.
- Key Features: Industry-specific tax solutions, ensuring compliance with complex tax regulations.
- Vertex TaxCompliance: Enhances efficiency for filings, cross-border commerce, and online sales.
- Key Features: Streamlined tax filings, improved operational efficiency.
- Vertex TaxInsight: Provides tax-specific data tools to handle business risk proactively.
- Key Features: Data-driven insights, proactive risk management.
- Vertex Indirect Tax O Series On-Demand: Integrated with POS systems for accurate sales tax calculation.
- Key Features: Reduces audit risk, supports omnichannel experiences.
Recent Developments
New Product Launches and Partnerships
1. Vertex for Salesforce Revenue Cloud: Launched to help businesses streamline revenue processes. (September 17, 2024)
2. Oracle ISV Partner Awards:
- Best in Class
- North American Innovation Awards (September 16, 2024)
3. Acquisition of ecosio: Completed on August 30, 2024, to enhance tax compliance solutions.
New Features and Integrations
1. Vertex Accelerator for Oracle Cloud ERP:
- Automated Setup: Enables seamless integration for faster onboarding.
- Industry-specific Content: Tailored tax content for sectors like healthcare and medical devices.
- Enhanced Reporting: Granular tax rate codes and compliance improvements.
2. Vertex Indirect Tax O Series On-Demand: Improved for use with Microsoft Dynamics 365 to provide a seamless omnichannel customer experience.
Customer Success Stories
1. Patagonia:
- Enhanced customer experience with omnichannel capabilities by integrating Vertex Indirect Tax O Series with their POS system.
- Achieved operational efficiency and reduced audit risk.
2. Walmart:
- Achieved scalability to handle 100 million monthly site visits.
- Managed large volumes of SKUs with robust tax content.
- Supported expansion of The Walmart Marketplace platform.
3. Siemens:
- Migrated multiple SAP systems to Vertex, improving tax accuracy and customer satisfaction.
- Enhanced efficiency and reduced audit risks by leveraging Vertex tax solutions for scalability.
Conclusion
Vertex, Inc. continues to solidify its leadership in tax technology through strategic innovations, acquisitions, and valuable partnerships, staying true to its mission of accelerating global commerce with confidence-enhancing solutions. The company’s products are designed to meet the evolving needs of enterprises across various sectors, ensuring compliance and operational efficiency.
