10 Reasons Why Vertex SMB is A Better Way to Handle Your Sales and Use Tax Automation 11:00 11:30. Scott Coleman. Channel Sales Manager
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1 11:00 11:30 10 Reasons Why Vertex SMB is A Better Way to Handle Your Sales and Use Tax Automation Scott Coleman Channel Sales Manager
2 Agenda Landscape of the Market Today 10 Reasons Why Vertex SMB is a Better Way to Handle Your Sales & Use Tax Automation Q&A
3 Landscape of the Market Today
4 Landscape of the Market Today Tax is complex Different rates for each jurisdiction Rates constantly changing Product taxability Exemptions (product, customer) Changes to Legislation New legislation constantly being proposed (especially re: online) Limited Sales Tax Expertise Most SMBs have limited tax expertise in house Compliance is key to avoid expensive audits and penalties States Searching for Revenue Looking for new revenue sources Hiring more auditors Audit protection and compliance are more important than ever No value add if correct just penalties when incorrect
5 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY Landscape of the Market Today 70% Sales tax as percentage of state revenue* 60% 50% 40% 30% 20% 10% 0% *Total sales and gross receipts taxes as reported 2013 by the Census Bureau
6 Landscape of the Market Today 10% Automated Potential Market 90% Manual Process Barriers to entry: High upfront costs Complex set up Expensive solutions Vertex SMB s solution: No upfront costs Ease of implementation Pay-as-you-go pricing
7 10 Reasons Why Vertex SMB is A Better Way to Handle Your Sales and Use Tax Automation
8 10. Partners Alliance Partners (like FMT Consultants) Tax Services Partners
9 9. Integrations Built & Supported by Market-Leading Firms Certified and Owned by Vertex SMB Solution designed specifically for SMB ERPs: Microsoft GP, AX & CRM NetSuite Sage 100 & 300 SAP Business ByDesign Magento Quickbooks More on the way! BYOC Build Your Own Connector Program
10 8. Exemption Management Manage Customer Exceptions Part of the Tax Calculation Bulk or individual upload Reports (expiration dates etc) Included at NO EXTRA COST!!
11 7. Use Tax Calculate and report use tax, including: Accruals Asset and Goods Management Inventory Removal Purchase Orders Flows through to same signature-ready return Included at NO EXTRA COST!!
12 6. Signature Ready Returns Tax from Invoiced Transactions Flows Thru to Appropriate Return Use Tax Info Flows Thru to Same Return Just Print and Sign Filing Calendar to Keep You on Track and on Time Included at NO EXTRA COST!! Or We Can File and Remit on Your Behalf (Premium Service)
13 5. A la Carte Offerings Enhanced Tax Rate Files for Download By State Customer List Stand Alone Returns Offerings Upload a File Signature Ready PDF Returns Filing and Remittance Build-Your-Own-Connector Program
14 4. No Upfront Fees No Registration or Initiation Fees No Licensing Fees No Implementation Fees No Connector Fees No Renewal Fees
15 3. Pay-as-you-go Pricing True Consumption-Based Pricing Only pay for what you actually used last month Only pay for invoice transactions (no charge for quotes/sales orders etc) No more estimating annual transaction volume and paying a year in advance Tiered Pricing System Pricing Transparency check out calculator on our website No Long-Term Contracts can cancel with 30 days notice
16 2. Calculations and Returns in One Solution
17 2. Calculations and Returns in One Solution Industry s first fully automated offering Everything happens in a single portal Configuration Company Info & Jurisdictional Setup Product Taxability (exceptions only!) Customer Exceptions (Exemption Certificate Management) Calculation Rate Files Returns Generation (Signature Ready Returns) Filing & Remittance Reporting Help & Support Easy walk-through implementation process Hours/days vs. weeks/months
18 1. The Most Trusted Name in Tax Vertex Inc. Founded in 1978 More than 10,000 customers 95%+ renewal rate Legendary Customer Service We are tax people!! 200+ tax professionals providing real-time rule and rate updates Best calculation logic on the market Vertex SMB has been RIGHT-SIZED for your business
19 1. The Most Trusted Name in Tax - Vertex Inc.
20 10 Reasons Why Vertex SMB is a Better Alternative 1. The Most Trusted Name in Tax Vertex Inc. 2. Calculation & Returns in One Solution 3. Pay-as-you-go Pricing 4. No Upfront Fees 5. A la Carte Offerings 6. Signature Ready Returns 7. Use Tax 8. Exemption Management 9. Integrations 10. Partners
21 Sometimes 10 is not enough
22 Go to 11
23 10 X Reasons Why Vertex SMB is a Better Alternative 1. The Most Trusted Name in Tax Vertex Inc. 2. Calculation & Returns in One Solution 3. Pay-as-you-go Pricing 4. No Upfront Fees 5. A la Carte Offerings 6. Signature Ready Returns 7. Use Tax 8. Exemption Management 9. Integrations 10. Partners
24 Thank You! Want to find out more?? Stop by our table today!! Contact your FMT Rep Contact Vertex SMB
25 Q & A
26 Thank You! Want to find out more?? Stop by our table today!! Contact your FMT Rep Contact Vertex SMB
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