Item: Vertex
Rating: 9
Author: Verified User

Use Cases and Deployment Scope

We are using Vertex for VAT for EMEA region.

Pros and Cons

Tax code determination based on various countries rules.

Reporting features.
More clear menu structure.

Return on Investment

Correct tax code determination drastically dropped the VAT return preparation time.

Vertex Tax Accuracy

Vertex has all the required VAT rules to determine a scenario, the challenge is the mapping on your company's side.

Scalability

We have a license for the EMEA region, there was no issue adding new VAT registrations scenarios.

VAT return preparation time was significantly reduced by Vertex's tax code determination. For purchase invoices, AP team is also supported by adding only VAT flags, not actual tax codes, so the possibility for wrong input tax code is also reduced minimals.

Alternatives Considered

Other options were:
- SAP native functions
- Meridian VAT add-ons

Key Insights

Do you think Vertex delivers good value for the price?

Not sure

Are you happy with Vertex's feature set?

Yes

Did Vertex live up to sales and marketing promises?

Yes

Did implementation of Vertex go as expected?

Would you buy Vertex again?

Yes

Likelihood to Recommend

Vertex contains all the VAT rules for tax code determination and they are up-to-date with the upgrades.
The implementation cost and effort (to link to SAP) was really high though.

Vertex used for VAT and for the EMEA region

Software Version

Overall Satisfaction with Vertex