Sabrix Leads Transaction Tax Management Industry With Successful Integrations to Oracle E-Business Suite Release 12

Fortune 1000 Companies Extend Value of Oracle E-Business Suite and Enjoy Greater Financial Control. Sabrix, Inc., a leading provider of transaction tax management for companies of all sizes, today announced that the Sabrix Application Suite is in production at multiple customer sites using Oracle E-Business Suite Release 12. Sabrix customers, which include Fortune 1000 companies spanning construction, grocery, manufacturing, and energy and utilities markets, are fully exploiting the value of the latest release of the Oracle ERP platform and are leveraging Sabrix's tax solution to assure improved tax accuracy and compliance with confidence.

"Sabrix has a proven history of being first to market -- whether supporting the latest technology advances, like the Oracle 12 integration, or ensuring timely and accurate compliance with new tax legislation," said Stephen James, principal and international tax technology practice leader at Ryan, a Sabrix partner. "Their early commitment to support the latest Oracle 12 platform in June 2008 has now come to fruition in real production instances at enterprise-scale companies, reinforcing the fact that Sabrix is a proven and trusted vendor for customers considering tax automation in Oracle 12 environments."

Sabrix's customer deployments follow the general availability of Sabrix Integration for Oracle E-Business Suite Release 12, which was announced last June (see New Release of Sabrix Application Delivers End-User Benefits to Tax Professionals as well as Integration to Oracle E-Business Suite Release 12). Sabrix customers on Oracle 12 have successfully implemented the Sabrix Application Suite to support accounts receivable (AR), order management (OM) and accounts payable (AP) modules. The integration provides a direct, point-to-point integration with Oracle 12, eliminating the need for a separate application server or middleware, lowering maintenance costs and simplifying the IT environment. IT and tax professionals no longer have to configure and maintain tax requirements in Oracle, speeding deployment, minimizing risks to the overall ERP project, and shortening time-to-value.

"Our proven integration experience with Oracle 12 ensures the highest level of service, reliability, and support for companies migrating to the Oracle 12 platform," said Pam Kostka, senior vice president of corporate marketing at Sabrix. "Our own in-house team of Oracle experts has spent the past year developing and testing, then implementing and supporting our solution for Oracle 12. The opportunity to be first to market and to gain tangible experience in enterprise-grade implementations ensures that customers and prospects will be able to enjoy the lessons learned that only practical experience in real world environments can teach."

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 Application Suite, Sabrix Managed Tax Service and Sabrix MTS are trademarks of Sabrix, Inc. All other company and product names are trademarks or registered trademarks of their respective holders.

Source: www.marketwire.com

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