The Scenario Vertex solves Francine’s In this example, let’s imagine how a director challenges by helping her to: of accounting can use Vertex to improve accuracy and operational efficiency. Assign the proper address. Vertex uses a database of more than 163 million addresses, giving you the power to choose the one you want. Save time on tax research. Vertex maintains and updates tax content across more than 20,000 global sales tax jurisdictions, saving you time. Francine Finance Eliminate penalties for abandoned carts. Vertex only counts completed sales in transaction volume, Director of Accounting so you only pay for the sales you complete. Quickly process refunds. Francine manages financial Vertex maintains more than 1 million historical dates and reporting and accounting rates, helping you adhere to unlimited refund timelines. operations, ensuring accuracy and compliance with regulatory standards. She is responsible for Her Goals: Her Challenges: implementing accounting • Help ensure more accurate • Time-consuming policies, procedures, and tax calculations address verification systems to enhance financial • Optimize payments and • Magnitude of tax rules efficiency and inform strategic document flow of funds and policies decision-making. • Maintain revenue reporting • Penalties for abandoned carts • Slow and inaccurate refunds Learn more about Vertex
Industry Insider - Vertex [Retail] Page 2