SOURCE: Sabrix, Inc.

 

SAN RAMON, CA--(Marketwire - September 22, 2008) - Sabrix, Inc., a leading provider of transaction tax management for companies of all sizes, today provided greater visibility for IT departments into the enterprise-class technology used to power Sabrix Managed Tax Service (MTS), an outsourced sales and use tax compliance service managed by highly skilled tax experts. A key component of the Sabrix MTS infrastructure is the Oracle SaaS Platform, which helps Sabrix to meet the stringent market requirements for reliability, scalability and availability for a mission critical application like Sabrix MTS.

Sales and use tax and value-add tax compliance is a legal obligation for companies of all sizes. Sabrix MTS seamlessly integrates with a company's existing accounting and e-commerce systems, and, similar to outsourced payroll services, operates as a trusted extension of a company's finance department to address tax compliance from start to finish: address validation, tax rate maintenance, tax determination and calculation, returns preparation and filing as well as audit research and documentation. Given the sensitivity of financial data and importance of real-time calculation requirements, companies need a partner they know they can trust. To meet these needs, Sabrix has invested millions of dollars in building an enterprise-class infrastructure comprised of best-of-breed vendors and world class hosting. The Sabrix MTS infrastructure can process millions of transactions a day with sub-second performance.

"Since inception, Sabrix has worked closely with Oracle to service the Global 2000 with our flagship Sabrix Application Suite," said Mark Oney, SVP Operations for Sabrix. "When we introduced Sabrix MTS, we wanted to provide small and medium sized companies access to the same software, tax content and world class infrastructure utilized by the Global 2000 so that finance and IT departments could confidently entrust their sales tax and use tax compliance to us. From experience we knew that Oracle would be a logical and key component of our offering, including both the Oracle database as well as integration with Oracle ERP."

"The Oracle Platform enables SaaS Independent Software Vendors to rapidly build, deploy and manage standards-based, secure, and scalable applications for software as a service delivery model," said John Gawkowski, vice president, Oracle Platform Technology Solutions. "Sabrix MTS running on the Oracle SaaS Platform provides customers a strong tax platform on-demand that can scale to help meet their growing sales and use tax needs."

Sabrix is a Certified Partner in the Oracle® PartnerNetwork.

About the Oracle PartnerNetwork

Oracle PartnerNetwork is a global business network of more than 20,000 companies who deliver innovative software solutions based on Oracle software. Through access to Oracle's premier products, education, technical services, marketing and sales support, the Oracle PartnerNetwork program provides partners with the resources they need to be successful in today's global economy. Oracle partners are able to offer their customers leading-edge solutions backed by Oracle's position as the world's largest enterprise software company. Partners who are able to demonstrate superior product knowledge, technical expertise and a commitment to doing business with Oracle qualify for the Certified Partner levels. http://oraclepartnernetwork.oracle.com

About Sabrix

Sabrix, Inc. is a leading provider of transaction tax management for companies of all sizes, enabling finance, tax, and IT professionals to achieve accurate, timely, and cost-effective compliance for sales tax, use tax, Value Added Tax (VAT), excise tax and industry-specific taxes and fees. The Sabrix Application Suite serves global enterprises such as Amazon.com, BASF, Cisco, DTE Energy, IBM, QUALCOMM, Sportsman's Warehouse, and York International. The Sabrix Application Suite seamlessly connects to all financial applications requiring the determination, calculation, and recording of transaction taxes. The company also offers the Sabrix Managed Tax Service™ (MTS), an outsourced transaction tax compliance service that helps finance departments of small-and-medium-sized businesses eliminate the hassle, control their audit exposure, and reduce the total cost of sales tax, use tax, and VAT compliance. Sabrix MTS seamlessly integrates with a company's existing accounting and e-commerce systems, and, similar to outsourced payroll services, operates as a trusted extension of a company's finance department to address tax compliance from start to finish: address validation, tax rate maintenance, tax determination and calculation, returns preparation and filing as well as audit research and documentation. For more information, please visit www.sabrix.com.

Sabrix, Sabrix Managed Tax Service, and Consolidated Transaction Tax Management are trademarks of Sabrix, Inc. Oracle is a registered trademark of Oracle Corporation and/or its affiliates. All other company and product names are trademarks or registered trademarks of their respective holders.