Vertex Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

Vertex Strengths, Domain Expertise, and Key Differentiators

As a provider of tax technology and services, Vertex empowers companies across diverse scales to unlock the comprehensive strategic benefits of the tax function. This is achieved through the automation and integration of tax processes, coupled with the utilization of advanced and predictive analytics on tax data. Vertex offers both cloud-based and on-premise solutions, customizable to suit specific industries, covering major tax categories such as income, sales, and consumer use.

Vertex Recent Developments

The patent-pending Vertex Indirect Tax O Series Edge cloud solution was introduced by Vertex. This innovative solution empowers global omnichannel retailers to configure, automate, and deploy containerized tax engines directly where transactions occur. By doing so, it ensures heightened performance and scalability for tax automation precisely at the point of need.

In August 2021, Vertex announced the release of the Vertex Cloud VAT Compliance solution, boasting advanced functionalities tailored to accommodate the evolving tax landscape across Europe and other regions mandating the digitalization of value-added tax (VAT) and goods and services tax (GST). This solution serves to centralize and streamline compliance efforts, particularly as businesses expand into new markets and encounter heightened complexity in indirect tax filings.

In April 2021, Vertex introduced Vertex Cloud Data Integrity, a cloud-based, tax-specific solution that automates the data validation, analysis, and transformation steps, thereby enhancing data quality. The application empowers companies to enhance tax return data, mitigate audit risk, and boost tax staff efficiency, fostering compliance readiness.

Vertex Mergers and Acquisitions (M&A) Activities

In December 2023, Vertex made public its initiation of a public tender offer for the acquisition of 100% of the shares of Pagero Group AB ("Pagero") at a rate of 36 SEK in cash per share, totaling approximately $555 million. This move by Vertex marks a significant step forward in solidifying the partnership between the two companies, as announced in October 2023. The aim is to offer multinational corporations an integrated solution that streamlines business transactions while effectively managing indirect tax, reporting, and e-invoicing compliance on a global scale. With the increasing prevalence of real-time and near-real-time digital tax reporting government mandates, e-invoicing has become imperative for businesses operating across multiple jurisdictions. Pagero's Smart Business Network offers comprehensive solutions for automating e-invoicing compliance, aligning with Vertex's strategic objectives.

In September 2021, Vertex completed the acquisition of LCR-Dixon Corporation, renowned for its expertise in SAP technologies and its provision of top-tier tax intelligence solutions. LCR-Dixon's offerings bolster clients' capacities to manage, analyze, and authenticate tax data within procure-to-pay and order-to-cash processes. Specifically tailored for SAP environments, LCR-Dixon's solutions are designed to streamline tax complexities efficiently.

In July 2021, Vertex completed the acquisition of Taxamo, a pioneering cloud-based company specializing in tax and payment automation for global e-commerce and marketplaces. Based in Ireland, Taxamo serves numerous leading digital service providers worldwide, offering an integrated platform with a primary emphasis on supporting indirect tax compliance, particularly in online sales, payments, and e-invoicing.

Vertex Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Vertex applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Vertex and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Vertex Tax customers.

Vertex Key Enterprise and Cloud Applications

Vertex Tax

Vertex Revenues, $M:

Vertex Revenue Breakdown By Type, $M:

Vertex Enterprise Applications Revenues By Functional Markets, $M:

Vertex Enterprise Applications Revenues By Verticals, $M:

Vertex Revenues By Region, $M

Vertex Direct vs Indirect sales

Vertex Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Vertex Customers

No. of Vertex Customers: 4289

No. of Vertex Enterprise Applications Customers: x

No. of Vertex Cloud Customers: x

No. of Vertex Cloud Subscribers: x

With a sense of pride, Vertex caters to a global clientele exceeding 4,200 customers, offering unparalleled tax solutions. These comprehensive offerings empower businesses worldwide to conduct transactions, adhere to regulatory requirements, and expand their operations with unwavering confidence.

Vertex Market Opportunities, M&A and Geo Expansions

Vertex announced that its Vertex Cloud Indirect Tax solution has attained the "Fulfilled by Acumatica" status. Through this certification and integration with Acumatica's cloud-based ERP system, Vertex is facilitating global companies in automating their compliance reporting procedures effortlessly. This collaboration enables organizations to make informed decisions supported by precise, up-to-date tax data.

Vertex Risks and Challenges

There is a requirement for enhancement in customer support to ensure ease of use.

Vertex Ecosystem, Partners, Resellers and SI

In November 2023, Vertex partnered with Shopify, a provider of critical internet infrastructure for commerce. This collaboration aims to empower enterprise-level merchants utilizing the Shopify Tax Platform for both business-to-business (B2B) and business-to-consumer (B2C) transactions, facilitating automated tax calculation and compliance on a worldwide scale. The Software-as-a-Service (SaaS) solution serves to remove barriers to commerce expansion, expediting transaction processes by eliminating the manual upkeep of intricate rates and regulations across over 195 countries. This includes the management of seller's use tax, goods and services tax, and value-added tax.
/br> In October 2023, during its 2023 Vertex Exchange conference, Vertex unveiled a strategic partnership with Pagero. This collaboration delivers a seamless solution empowering businesses to maintain uninterrupted indirect tax compliance and optimize their invoicing processes, all within a unified cloud platform. Through Vertex e-Invoicing in conjunction with Pagero, the complexities of indirect tax compliance are simplified, while Continuous Transaction Controls (CTC) requirements are seamlessly addressed. This joint offering grants tax, finance, and IT departments direct access to crucial data for CTC, facilitating e-invoice clearance, real-time reporting, and Peppol access for electronic B2B and B2G compliant document and data exchange.

Vertex collaborates with companies, leveraging their expertise to provide top-tier tax technology solutions to global businesses. By integrating with essential technology partners spanning ERP, CRM, procurement, billing, POS, and e-commerce platforms, Vertex ensures seamless compatibility. Additionally, Vertex maintains close partnerships with over 50 tax, accounting, and consulting firms to deliver integrated tax technology solutions effectively.

Vertex Cloud Infrastructure Insights

Subscribe to read more about:

• Vertex Public Cloud and Infrastructure (IaaS)
• Vertex Platform (PaaS)
• Vertex Application Delivery
• Vertex Private Cloud and Data Centers

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: