Latest news with #VertexInc
Yahoo
19-05-2025
- Business
- Yahoo
Vertex Named a Finalist for 2025 SAP® Pinnacle Award in the SAP Store Category
KING OF PRUSSIA, Pa., May 19, 2025 (GLOBE NEWSWIRE) -- Vertex Inc. (NASDAQ:VERX) ('Vertex' or the 'Company'), a global provider of tax technology solutions, today announced that it has been recognized by SAP as a finalist for a 2025 SAP® Pinnacle Award in the SAP Store category. The annual SAP Pinnacle Awards acknowledge the contributions of leading SAP partners that have excelled in developing and growing their partnership with SAP and helping customers meet their goals. Finalists and winners in 24 categories were chosen based on recommendations from SAP, customer feedback and performance indicators. 'Our recognition as a Pinnacle Award finalist reflects the strength of our partnership with SAP and our shared commitment to customer success,' said Brian Wilchusky, Senior Director of SAP Global Partnerships at Vertex. 'Together, we're delivering integrated solutions that help businesses simplify tax complexity, drive growth and achieve lasting value.' The SAP Pinnacle Awards celebrate leading partners that help customers become best-run businesses through SAP's innovative technologies. This award specifically recognizes a partner that demonstrates success in showcasing innovative solutions on SAP Store and delivering value at scale across the customer lifecycle. Evaluation criteria include solution visibility, opportunity creation, and pipeline impact. With more than 25 years of collaboration, Vertex and SAP have delivered trusted, integrated tax solutions that drive business performance. The Company will also participate in and sponsor the SAP Sapphire conference, reinforcing its strategic investment in the SAP partner ecosystem. SAP Pinnacle Awards shine a spotlight on distinguished partners to acknowledge their dedication to teamwork, exceptional innovation and capacity to help customers achieve their goals. To learn more about the Vertex and SAP partnership, visit our partner page. About Vertex Vertex, Inc. is a leading global provider of indirect tax solutions. The Company's mission is to deliver the most trusted tax technology enabling global businesses to transact, comply and grow with confidence. Vertex provides solutions that can be tailored to specific industries for major lines of indirect tax, including sales and consumer use, value added and payroll. Headquartered in North America, and with offices in South America and Europe, Vertex empowers the world's leading brands to simplify the complexity of continuous compliance. For more information, visit or follow us on X and LinkedIn. COPYRIGHT © 2025 VERTEX, INC. ALL RIGHTS RESERVED. THE INFORMATION CONTAINED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY, MAY CHANGE AT ANY TIME IN THE FUTURE, AND IS NOT LEGAL OR TAX ADVICE. SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies. Vertex Company Contact:Rachel Litcofsky Manager, Public Relations mediainquiries@
Associated Press
08-05-2025
- Business
- Associated Press
Vertex to Present at 20th Annual Needham Technology, Media, & Consumer Conference
KING OF PRUSSIA, Pa., May 08, 2025 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX), a global provider of tax technology solutions, today announced that David DeStefano, Chief Executive Officer, and John Schwab, Chief Financial Officer, will participate in a fireside chat at the 20th Annual Needham Technology, Media, & Consumer Conference. The fireside chat is scheduled for Monday, May 12, 2025 at 9:30 AM Eastern Time. Live webcasts and replays of both presentations will be available on Vertex's investor relations website at About Vertex Vertex, Inc. is a leading global provider of indirect tax solutions. The Company's mission is to deliver the most trusted tax technology enabling global businesses to transact, comply and grow with confidence. Vertex provides solutions that can be tailored to specific industries for major lines of indirect tax, including sales and consumer use, value added and payroll. Headquartered in North America, and with offices in South America and Europe, Vertex empowers the world's leading brands to simplify the complexity of continuous compliance. For more information, visit or follow us on X and LinkedIn. Investor Relations contact: Joe Crivelli Vertex, Inc. [email protected]
Yahoo
08-05-2025
- Business
- Yahoo
Vertex to Present at 20th Annual Needham Technology, Media, & Consumer Conference
KING OF PRUSSIA, Pa., May 08, 2025 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX), a global provider of tax technology solutions, today announced that David DeStefano, Chief Executive Officer, and John Schwab, Chief Financial Officer, will participate in a fireside chat at the 20th Annual Needham Technology, Media, & Consumer Conference. The fireside chat is scheduled for Monday, May 12, 2025 at 9:30 AM Eastern Time. Live webcasts and replays of both presentations will be available on Vertex's investor relations website at About VertexVertex, Inc. is a leading global provider of indirect tax solutions. The Company's mission is to deliver the most trusted tax technology enabling global businesses to transact, comply and grow with confidence. Vertex provides solutions that can be tailored to specific industries for major lines of indirect tax, including sales and consumer use, value added and payroll. Headquartered in North America, and with offices in South America and Europe, Vertex empowers the world's leading brands to simplify the complexity of continuous compliance. For more information, visit or follow us on X and LinkedIn. Joe CrivelliVertex, Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
08-05-2025
- Business
- Yahoo
Vertex Inc (VERX) Q1 2025 Earnings Call Highlights: Strong Revenue Growth Amid Strategic Investments
Q : It seems that you've been highlighting more recently some larger customers who had homegrown solutions who are converting to a packaged software solution like Vertex. Can you just give us a sense, is there anything going on in terms of product or feedback from those customers, why now is the time to be migrating to a packaged software solution? A : David DeStefano, CEO: Two main factors are driving this shift. First, the growing complexity of e-invoicing mandates is pushing companies to seek more future-ready solutions. Second, increased audit pressure is making it unsustainable for companies to rely on manual efforts and point solutions. Our comprehensive suite, including e-invoicing and compliance, is prompting customers to reconsider their current setups. Vertex Inc ( NASDAQ:VERX ) announced an equity investment in Kintsugi, a startup focused on AI technology for indirect tax, which could enhance their offerings in the SMB market. Story Continues Q: The direct customers did decline sequentially. Can you help us understand, is there just some more low-end customers with like really low ARPUs that are coming out of the model there? A: John Schwab, CFO: Yes, the decline is primarily due to lower-end customers migrating away. Our focus remains on scaled customers, which grew by about 15% this quarter. The gross revenue retention remains strong at 95%, indicating our main focus is on larger, more stable customers. Q: I wanted to hit on the macro and what you're seeing out there. Really great to hear that there's no change in the buyer behavior. But just curious like from your perspective, why you think you're not seeing that macro volatility show up in the model? A: David DeStefano, CEO: Tax is becoming a higher priority in strategic discussions, especially with the rise of e-invoicing mandates. Our diverse set of wins across ecosystems and continued investment in channels, particularly with Microsoft and Azure, are helping us maintain a strong pipeline and mitigate macro volatility. Q: Could you talk about how the competitive environment in e-invoicing comparison contrast to maybe your core indirect tax market? And has there been any impacted deals as a result of ecosio not having as broad of country coverage as others in the market? A: David DeStefano, CEO: Most competitors focus solely on e-invoicing without integrating compliance, which is a core part of our offering. Our combined VAT compliance and e-invoicing solution is a significant differentiator. We have coverage in major economies and are well-positioned for upcoming mandates in France and Germany. Q: Can you discuss what you're seeing in terms of new logo growth? Anything in terms of the composition of enterprise versus mid-market would be helpful. A: David DeStefano, CEO: We saw solid growth in new logos across key ecosystems. SAP and Oracle tend to bring in scaled customers, while Microsoft Dynamics sees fewer scaled customers initially. Our strategy is to land and expand, with most wins in the enterprise market. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
06-05-2025
- Business
- Yahoo
Vertex Study: Global Tax and Finance Leaders Significantly Shift in Support of e-Invoicing
Vertex Inc. Tax technology leader unveils new research showing overwhelming support of global mandates and the benefits of e-invoicing for financial health KING OF PRUSSIA, Pa., May 06, 2025 (GLOBE NEWSWIRE) -- Vertex Inc. (NASDAQ:VERX) ('Vertex' or the 'Company'), a leading global provider of indirect tax solutions, today announced new e-invoicing research revealing that a majority (79%) of global business leaders believe e-invoicing mandates are beneficial to business. Furthermore, 80% agree these mandates will improve data accuracy and financial reporting in a time where precision is needed most. The survey, which polled 1,150 global tax and finance professionals, shows e-invoicing implementation is on the rise as 80% of businesses plan to improve the integration of e-invoicing systems over the next two years – pointing to a positive attitude shift toward the evolving landscape. This sentiment carries over to their financial health, with tax and finance leaders citing e-invoicing for improving efficiency as well as cost savings (both approximately 60%) and enhanced economic growth and global competitiveness (approximately 80%), regardless of whether they are selling into or based in e-invoicing mandated countries. 'Today's tax and finance leaders are operating under increased pressure to drive growth while maintaining tax compliance. This challenge is compounded by rising complexities driven by increased variances around tax rate determination or scope of transactions for real/near-real time reporting,' said Chris Hall, Senior Tax Officer, Vertex. 'Preparing for e-invoicing, or aligning with current local mandates, should not add to these uncertainties. Research shows that e-invoicing offers the accuracy, efficiency, and cost optimization needed for future-ready organizations.' While the global behavioral shift is positive, e-invoicing implementation is not without its challenges. Approximately half (51%) of respondents in markets selling in mandated countries report maintaining data security and privacy while adhering to diverse international standards as their biggest challenge. Current and soon-to-be mandated countries identify integrating with existing software (55% current, 63% soon-to-be) is their largest roadblock. As the e-invoicing landscape and scale of global mandates continue to evolve, other key highlights of the report include:
