Vertex Reveals Marked Improvements for Customers Utilizing Indirect Tax Solutions on Oracle Cloud
2023年10月3日 - 9:00PM
Vertex Reveals Marked Improvements for Customers Utilizing Indirect
Tax Solutions on Oracle Cloud
Vertex, Inc. (NASDAQ:VERX) (“Vertex” or the “Company”), a global
provider of tax technology solutions, and member of Oracle
PartnerNetwork (OPN), today shared initial findings from a
benchmarking study which reveals several performance improvements
experienced by Oracle customers leveraging Vertex indirect tax
solutions on Oracle Cloud Infrastructure (OCI).
Vertex and Oracle’s global customers process hundreds of
millions of transactions per month on OCI. Customers hosting Vertex
solutions on OCI reported an overall performance increase of 35%.
The same customers also reported an average performance increase of
20% in Accounts Receivable processing and 14% in Accounts Payable
processing. Additionally, customers using the Vertex Accelerator on
OCI have reported the ability to set up and configure their Oracle
ERP and Vertex O Series tax engine in a matter of minutes
delivering a faster time to “Go Live.”
“The initial findings from our benchmark study highlight the
value of our integrated platforms and solutions, as well as our
continuous development and innovation with the Oracle team,” said
Marc A. Duclos, global senior director of strategic partnerships at
Vertex, Inc. “Our ability to integrate with and host on Oracle
Cloud Infrastructure brings the applications and data closer,
allowing us to deliver solutions and performance for joint
customers regardless of how or where they do business.”
Since its initial release more than three years ago, the Vertex
Accelerator for Oracle’s ERP offering has been steadily delivering
a “near push-button” experience for more than 150 global customers
looking to integrate Vertex tax solutions. Vertex tax solutions are
designed to scale and handle complex tax and compliance
requirements, enabling Oracle customers to streamline global tax
compliance with a single integrated platform.
Vertex, an Oracle Cloud Build partner, has achieved Integrated
with Oracle Cloud and Powered by Oracle Cloud Expertise. This means
Vertex’s global solutions are not only designed specifically to
integrate with and run on OCI, but have been validated, by Oracle,
to work as expected with any Oracle applications and/or data hosted
in OCI and meet their performance and security standards.
“Vertex continues to be one of our most trusted
partners,” said Mike Cavanagh, group vice president, Cloud
Native Sales, North America, Oracle. “Vertex solutions hosted
on Oracle Cloud Infrastructure not only provide customers
with optimal performance, but also
enable fast go-lives and deployments.
This helps to reduce complexity for tax and finance teams,
while also easing the burden on IT teams in terms
of onboarding, configuration, and maintenance.”
Vertex and Oracle have been partners for more than 30 years,
with a common goal – to help companies of all sizes grow their
businesses while reducing risk.
For more information on Vertex tax solutions hosted on Oracle
OCI, click here.
About Vertex
Vertex is a leading global provider of indirect tax software and
solutions. The company's mission is to deliver the most trusted tax
technology enabling global businesses to transact, comply and grow
with confidence. Vertex provides solutions that can be tailored to
specific industries for major lines of indirect tax, including
sales and consumer use, value added and payroll. Headquartered in
North America, and with offices in South America and Europe, Vertex
employs over 1,400 professionals and serves companies across the
globe.
For more information, visit www.vertexinc.com or follow on
Twitter and LinkedIn.
About Oracle PartnerNetwork
Oracle PartnerNetwork (OPN) is Oracle’s partner program designed
to enable partners to accelerate the transition to cloud and drive
superior customer business outcomes. The OPN program allows
partners to engage with Oracle through track(s) aligned to how they
go to market: Cloud Build for partners that provide products or
services built on or integrated with Oracle Cloud; Cloud Sell for
partners that resell Oracle Cloud technology; Cloud Service for
partners that implement, deploy and manage Oracle Cloud Services;
and License & Hardware for partners that build, service or sell
Oracle software licenses or hardware products. Customers can
expedite their business objectives with OPN partners who have
achieved Expertise in a product family or cloud service. To learn
more visit: http://www.oracle.com/partnernetwork.
Trademarks Oracle, Java, MySQL and
NetSuite are registered trademarks of Oracle Corporation. NetSuite
was the first cloud company--ushering in the new era of cloud
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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.
Company contact:Rachel LitcofskyVertex,
Inc.mediainquiries@vertexinc.com
Vertex (LSE:0A3L)
過去 株価チャート
から 4 2024 まで 5 2024
Vertex (LSE:0A3L)
過去 株価チャート
から 5 2023 まで 5 2024