The Solution Vertex helps retailers seamlessly manage complex tax rules. Avoid overpaying for transactions. Improve address accuracy. The Challenge: Other tax technology solutions The Challenge: Inaccurate to/from shipment on the market count abandoned carts as addresses can result in lost deliveries as well transactions, which can add up to hefty fees. The Solution: Vertex does not penalize retailers as penalties and fines for noncompliance. for abandoned carts, ultimately helping to save The Solution: Vertex’s address validation and cleansing improves the accuracy and them money and encouraging long-term growth. tax area ID for a more precise calculation, helping to ensure packages arrive at their intended destination. Improve refund accuracy and timeliness. Save time with built-in The Challenge: Finance teams need to ensure returns are processed within the retailer’s return tax rules. policy window and that sales taxes are refunded The Challenge: Retailers are responsible and recorded in the proper ledger. for pre-populating applicable tax rates The Solution: Vertex provides retailers with an before a sale happens in accordance with easily referenceable and auditable lookup of tax dates and rates for more accurate full or the proper jurisdiction. The Solution: Vertex continually updates partial refunds. and maintains tax content across sales tax jurisdictions worldwide to ensure compliance with local rules and rates.
Industry Insider - Vertex [Retail] Page 1 Page 3