Overview
What is Vertex?
Vertex combines tax research with technology to improve tax accuracy and consistency on sales and purchase transactions. The automation aims to support high volume and complex transactions at speed and scale to streamline internal processes and improve audit performance. Integrations to ERP, e-commerce,…
My Vertex Experience
E-Filing options to EU
I recommend Vertex to Enperise Clients
Vertex Review
A great tool for compliance and reporting
Using Vertex from a Costarican user in charge of Latam and Canada Indirect Tax Matters
Vertex Rates High
Vertex - robust program with a lot of features
Vertex is an enhanced Tax Calculation System.
Long term use of Vertex
Vertex will save you time & money, while giving you the confidence that you're getting tax right!
Vertex is a powerful, and highly customizable tax engine.
Satisfied
How Vertex Differs From Its Competitors
Key Differentiators
Vertex O Series Impact
Key Differentiators
Vertex O Series Impact
Vertex O Series Impact
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Vertex O Series Impact
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Vertex O Series Impact
Vertex O Series Impact
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Vertex O Series Impact
We still manually prepare returns but the reporting functionality is much, much better than it was under our old legacy system. Vertex does provide the option to automatically generate returns but we still have to make manual adjustments to the data before preparing returns so we don't feel …
Awards
Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards
Popular Features
- Geolocation for Tax Assessment (85)9.494%
- Sales and Use Taxes (120)9.494%
- Tax Data Reporting (103)9.191%
- Tax Exemption Processing (86)8.383%
Reviewer Pros & Cons
Pricing
What is Vertex?
Vertex combines tax research with technology to improve tax accuracy and consistency on sales and purchase transactions. The automation aims to support high volume and complex transactions at speed and scale to streamline internal processes and improve audit performance. Integrations to ERP, e…
Entry-level set up fee?
- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
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85 people also want pricing
Alternatives Pricing
What is Avalara?
Avalara AvaTax connects to the software that businesses already have and delivers sales tax decisions based on precise geo-location in more than 12,000 taxing jurisdictions in the U.S.
What is TaxJar?
TaxJar offers automated sales tax reporting and filing. According to the vendor, capabilities include: Accurate, Detailed Sales Tax Reports: TaxJar’s local jurisdiction reports show sales and sales tax collected not only for each state, but for local jurisdiction (counties, cities, special…
Features
Type of tax
A list of the different types of taxes that can be filed using tax compliance software.
- 9.4Sales and Use Taxes(120) Ratings
Software is capable of calculating and filing sales and use taxes.
- 9.8Cross-border Taxes(37) Ratings
Software is capable of calculating and filing taxes, such as customs, across countries.
- 8.9VAT / GST Taxes(56) Ratings
Ability to calculate and manage VAT and GST taxes.
- 7.3Energy and Fuel Taxes(11) Ratings
Ability to calculate and manage energy and/or fuel taxes.
Tax Reporting & Compliance
Activities relating to tax filing, reporting, document management, and exemption certificate processing.
- 9.4Geolocation for Tax Assessment(85) Ratings
Ability to use geolocation, which is more precise than zip codes, for mapping taxes to specific jurisdictions.
- 7.23rd-Party Software Integrations(80) Ratings
Pre-built integrations with various systems such as ERP, ecommerce, CRM, invoicing and billing, accounting, and procurement applications.
- 9.1Tax Data Reporting(103) Ratings
Ability to export transaction data for tax filing.
- 9.1Compliance Administration Management(74) Ratings
Ability to facilitate tax preparation, filing, and tax remittances across local, state, and federal jurisdictions.
- 8.3Tax Exemption Processing(86) Ratings
Ability to generate, track, exemption certificates from sales invoices.
- 9.1Tax Document Management(69) Ratings
Collection and storage of tax documents, especially exemption certificates, and ability to retrieve them to use for tax audits.
- 7Complex Tax Scenario Management(81) Ratings
Ability to automate handling of tax holidays and other anomalies.
Product Details
- About
- Integrations
- Competitors
- Tech Details
- Downloadables
- FAQs
What is Vertex?
Vertex Features
Type of tax Features
- Supported: Sales and Use Taxes
- Supported: Cross-border Taxes
- Supported: VAT / GST Taxes
Tax Reporting & Compliance Features
- Supported: Geolocation for Tax Assessment
- Supported: 3rd-Party Software Integrations
- Supported: Tax Data Reporting
- Supported: Compliance Administration Management
- Supported: Tax Exemption Processing
- Supported: Tax Document Management
- Supported: Complex Tax Scenario Management
Vertex Screenshots
Vertex Videos
Vertex Integrations
- NetSuite ERP
- Acumatica
- BigCommerce
- Zuora
- Recurly
- Coupa
- SAP
- Oracle
- Magento
- Salesforce
- Microsoft Dynamics
- Workday
- Ariba
Vertex Competitors
Vertex Technical Details
Deployment Types | On-premise, Software as a Service (SaaS), Cloud, or Web-Based |
---|---|
Operating Systems | Windows, Linux |
Mobile Application | No |
Supported Countries | North America, EMEA, Central/South America, Asia Pacific |
Supported Languages | English |
Vertex Downloadables
Frequently Asked Questions
Comparisons
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Reviews and Ratings
(254)Attribute Ratings
- 8.9Likelihood to Renew18 ratings
- 8.3Availability7 ratings
- 8.2Performance7 ratings
- 8.7Usability43 ratings
- 9.1Support Rating23 ratings
- 9.6Online Training3 ratings
- 8.6In-Person Training3 ratings
- 7.6Implementation Rating15 ratings
- 7Configurability78 ratings
- 8Product Scalability37 ratings
- 8Ease of integration5 ratings
- 7.4Vendor pre-sale12 ratings
- 8.2Vendor post-sale18 ratings
- 8.8Vertex Tax Accuracy31 ratings
Reviews
(1-3 of 3)- Vertex does a great job of building in-house industry expertise (leasing in our case) so they truly understand the tax technical and compliance obstacles we face day to day.
- Vertex actively solicits for and responds to customer feedback on development and product roadmap suggestions. The Leasing users group is an example where Vertex takes an active role in communicating with and taking feedback from our industry.
- Vertex tax updates are very timely and thorough, which makes the compliance process less stressful for our team.
- Their leasing module has fewer customers than say retail, so product content development has been less robust, but still far better than their competitors.
- The sales tax calendar tool is functional, but with a bit more development would probably be used by a lot more customers.
- We need an accurate count of the number of tax returns filed by the legal entity each month. We haven't found an easy way to extract this information which seems like should be readily available. I would like to see some development in the KPI area of Vertex Indirect Returns.
- Sales and Use Taxes
- 100%10.0
- Cross-border Taxes
- N/AN/A
- VAT / GST Taxes
- 100%10.0
- Geolocation for Tax Assessment
- 100%10.0
- 3rd-Party Software Integrations
- 100%10.0
- Tax Data Reporting
- 100%10.0
- Compliance Administration Management
- 100%10.0
- Tax Exemption Processing
- 100%10.0
- Tax Document Management
- 100%10.0
- Complex Tax Scenario Management
- 100%10.0
- The Vertex Indirect Tax returns product benefit is focused solely on our tax department but has greatly automated our compliance process.
- Vertex O Series for Leasing we feel will deliver strong ROI once fully implemented. So far we are encouraged with the results!
- Tax content support
- Scalability
- Tax accuracy
- Thomson Reuters ONESOURCE, Taxify and by Sovos
- Efficiency in the form of automating our sales tax compliance cycle.
- Accuracy in terms of having solutions like VITR and O Series improve the taxes calculated across our lease portfolio, as well in the return filing process.
- Reputational risk in terms of having robust tax capabilities to offer our customers, the equipment vendors, who provide financing opportunities for us in the form of leases.
- Financial risk reduction in terms of better sales tax audit results.
- We are in the process of Implementing O Series for Leasing which when complete will provide a huge lift in terms of automation, increased productivity and audit risk reduction.
- Implemented in-house
- Third-party professional services
- Getting alignment across our internal teams to ensure tax is at the table at the right time.
- Having enough tax resources to process the implementation work (we hired Vertex Consulting and DMA to assist).
- Online Training
- In-Person Training
- For O Series I would say the taxability mappings were fairly straightforward.
- Setting up BCI upload files for testing was pretty easy and came with a predefined format.
- Tax Assist rule writing is not intuitive and takes time to think through. I highly recommend using Vertex Consulting to help with this piece at a minimum. It's not incredibly difficult, just takes time to understand.
- I'm still a bit fuzzy on the reporting and reconciliation piece of O Series, but we are in the process of implementing so I'm sure it'll become more clear.
- Yes we purchased a billing & invoicing license with Billing Platform (BP). They hadn't integrated with Vertex but are in the process of the API build.
- File import/export
- API (e.g. SOAP or REST)
- We've only upgraded on their indirect tax returns product which has been extremely smooth with no real problems.
- The upgrades have been seamless and easily done as part of the standard monthly updates.
- Updates rates and Tax Area ID's
Vertex is best of the best!
- Great monthly updates of rates and rules and locations
- A very flexible tool for user defined decision making
- Ability to customize for specific scenarios that may be specific to our Company
- We pay Vertex compliance to put numbers on our Tax returns. Tax manager would like them to pick up our monthly files rather than him having to supply them. I'm not sure if that will ever happen, but the Tax manager said he never has to massage the data.....just gathers the Tax2000 reports and provides.
- Would like to see some of the LCR Dixon tools to become part of the standard delivered functionality now that Susi is part of Vertex now. Especially the New testing tool. I asked about this at conference, but they are still evaluating all that.
- Sales and Use Taxes
- 100%10.0
- Cross-border Taxes
- 100%10.0
- VAT / GST Taxes
- 90%9.0
- 3rd-Party Software Integrations
- 90%9.0
- Tax Data Reporting
- 90%9.0
- Compliance Administration Management
- 90%9.0
- Tax Exemption Processing
- 90%9.0
- Tax Document Management
- 100%10.0
- Complex Tax Scenario Management
- 90%9.0
- We have had positive return on Investment in the area of Cash flow. We have a BIG presence in Texas, and wejust implemented percentage-based reporting there, based upon a managed Audit performed by our partner Grant Thornton and the State of Texas. Once the State and Grant Thornton determined our specific percentages, we were able Iin house) to apply certain percentages to Texas purchases of certain material groups before applying the standard Texas tax rates. We did this through the use of a Lookup table and a series of Tax assist rules. We now keep more money in house instead of sending it to the State, only to get it back under Audit. Cash flow is King and this change made a huge difference, that our upper-level management noticed!
- As we have expanded our presence in new States due to acquisition, we can quickly make adjustments that are needed to tax the way we want. IT and Corporate Tax have an excellent working relationship to make needed changes that allow us to keep our finger on the pulse of tax calculation and expected tax results.
- Tax content support
- Tax accuracy
- Reporting
- S & U Tax calculation and VAT determination
- Tax Area ID location determination for asset location
- Exemption certificate management - although only used as a file cabinet
- perhaps exemption certificate wizard for customer input of information
- perhaps for Brazil tax determination and calculation in future S4 Hana project
- More detailed functionality in exemption certificate manager
- Third-party professional services
- Master Data cleansing
- Tax Area ID issues......mainly tax area id deletions
- ensuring that our Audit finding were reflected in the system, when they did not agree to the standard tax decision making. We created some user defined conditional rules to assist with this
- In-Person Training
Joachim Schmitz from Covestro LLC said......Unfortunately you misunderstood my example, so I amended some necessary information, the application is a Covestro self-created program /COV/…, which is using the BAPI in the middle of some statements:
1. Inserting a line (#1) into a SAP table /COV/MF_OBJLOCK
2. Call the official SAP posting BAPI “BAPI_ACC_DOCUMENT_POST” generating doc#1 (which implicitly calls your /VERTEX function)
3. Inserting a line (#2) into SAP table /COV/MF_OBJLOCK
4. Normally a “BAPI_TRANSACTION_COMMIT” should be done, but imagine an error detected by the /COV program, which requires a ROLLBACK WORK, or a Dump is generated due to an error, which performs an implicit ROLLBACK WORK The ROLLBACK WORK in point 4. should rollback all changes done so far (lines #1 and #2 in /COV/MF_OBJLOCK and posting #1). But as your /VERTEX function implicitly used in point 2. “STARTING NEW TASK”, an implicit COMMIT WORK was done. Result is an inconsistency in /COV/MF_OBJLOCK !
Within SAP BAPIs it’s forbidden to do commit work. This is for consistency reasons.
Please check again!
- mapping of material groups to Vertex tax categories
- reporting capabilities
- sometimes Tax Assist rule creation - depending on complexity
- creation of User defined condition records
- S4 Hana upgrade of our ERP system
- File import/export
- Upgrade of Vertex Accelerator is painful
- our system people must first upgrade SIC and Jco on our new AWS servers and it does not seem to be straightforward for them.
- I just hope it is stable and keeps working without surprises
Vertex Review
- Maintains tax rates
- Current forms for the monthly returns
- Ability to create and maintain customer exemptions
- Ease of tax decisions
- When creating tax rules you can not backspace
- The mapping functionality is clunky and not easy to find specific mappings. For example the CA mfg. Even if you map to this field it doesn't bring it over to the create field on returns
- Changing the tax jurisdiction too often, and having issues with updating them on POs
- Immediately able to see the benefits of a tax engine
- AP processors were able to processor invoices faster without the need to focus on tax
- No longer a need for space for file cabinets
- Price
- Product Features
- Product Usability
- Vendor Reputation
- We have been able to create 1 team that handles indirect taxes
- Our AP and billing team no longer need to make tax decisions
- Customer exemptions are update to date and no longer stored in file cabinets
- SAP
- VRA
- Validity of the tax rates
- Ability to file returns timely and accurately
- Ability to remain tax compliant
- Global tax engine
- Future upgrades to the latest platforms
- Third-party professional services
- Installing the software
- Online training
- In-person training
- Self-taught
- Setting up state registrations
- Add taxability drivers
- returns exports
- tax rules
- locating mapping categories
- locating rule IDs
- No
- File import/export
- improved reporting
- improved security
- improved functionality
- better interface