Vertex, Inc. Strengths, Domain Expertise, and Key Differentiators
Vertex has been a provider of tax technology and services, enabling companies of all sizes to realize the full strategic potential of the tax function by automating and integrating tax processes, while leveraging advanced and predictive analytics of tax data. Vertex provides cloud-based and on-premise solutions that can be tailored to specific industries for every major line of tax, including income, sales and consumer use.
Vertex, Inc. Recent Developments
Vertex unveiled its patent pending Vertex Indirect Tax O Series Edge cloud solution. The solution enables global omnichannel retailers to configure, automate and deploy containerized tax engines where transactions are being processed, delivering enhanced performance and scalability for tax automation at the point of need.
In August 2021, Vertex revealed the availability of the Vertex Cloud VAT Compliance solution with advanced features that support the changing tax environment across Europe and other countries that require the digitalization of value-added tax (VAT) and goods and services tax (GST). The solution centralizes and streamlines compliance as companies enter new territories and indirect tax filings become more complex.
In April 2021, Vertex introduced Vertex Cloud Data Integrity, a cloud-based, tax-specific solution that automates the data validation, analysis and transformation steps that increase data quality. The application enables companies to improve tax return data, reduce audit risk, as well as increase tax staff efficiency and readiness for compliance.
Vertex, Inc. Mergers and Acquisitions (M&A) Activities
In September 2021, Vertex has acquired LCR-Dixon Corporation, a specialized expert in SAP technologies and leading provider of tax intelligence solutions. LCR-Dixon’s tools enhance a customer’s ability to maintain, analyze and validate tax data in procure-to-pay as well as order-to-cash. LCR-Dixon’s solutions are purpose-built to simplify tax complexity in SAP environments.
In July 2021, Vertex has acquired Taxamo, a cloud-based pioneer in tax and payment automation for global e-commerce and marketplaces. Taxamo, headquartered in Ireland, counts many of the leading, high-growth digital service providers among its global customers who rely on its unified platform of integrated capabilities to support indirect tax compliance, with a core focus on online sales, payments, and e-invoicing.
Vertex, Inc. Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Vertex, Inc. 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, Inc. 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, Inc. Overview
Ownership: - VERX (NASDAQ)
Number of Employees: 1300
Key Verticals: Automotive, Banking and Financial Services, Communication, Consumer Packaged Goods, Distribution, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Life Sciences, Manufacturing, Media, Professional Services, Retail, Transportation, Utilities,
Vertex, Inc. Key Enterprise and Cloud Applications
Vertex, Inc. Revenues, $M:
|Type/Year||2020||2021||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Vertex, Inc. Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
Vertex, Inc. Enterprise Applications Revenues By Functional Markets, $M:
Vertex, Inc. Enterprise Applications Revenues By Verticals, $M:
Vertex, Inc. Revenues By Region, $M
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 Enterprise Applications Revenues, $M||2021 Cloud Applications Revenues, $M|
Vertex, Inc. Direct vs Indirect sales
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Vertex, Inc. Customers - Breakdown by Geo, Size, Vertical and Product
No. of Vertex, Inc. Customers: 4280
No. of Vertex, Inc. Enterprise Applications Customers: 4280
No. of Vertex, Inc. Cloud Customers: x
No. of Vertex, Inc. Cloud Subscribers: x
Vertex proudly serves over 4,200 customers worldwide with distinction and provide comprehensive tax solutions that enable global businesses to transact, comply and grow with confidence.
Vertex, Inc. Market Opportunities, M&A and Geo Expansions
Vertex revealed its Vertex Cloud Indirect Tax solution is now “Fulfilled by Acumatica.” By achieving this certification and integrating with Acumatica’s cloud-based ERP, Vertex is enabling companies across the globe to easily automate their compliance reporting processes and make informed decisions based on more accurate, real-time tax data.
Vertex, Inc. Risks and Challenges
The customer support needs some improvement for ease of use.
Vertex, Inc. Ecosystem, Partners, Resellers and SI
Vertex partners with companies and harnesses their strengths to deliver the best tax technology solution to businesses across the globe. Vertex integrates with key technology partners that span ERP, CRM, procurement, billing, POS and e-commerce platforms. They also work closely with over 50 tax, accounting and consulting firms to provide the integrated tax technology solutions.
Vertex, Inc. Cloud Infrastructure Insights
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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).
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