Vertex and Kintsugi Launch AI-Powered Tax Automation Solution: Kintsugi powered by Vertex

Core Insights - Vertex Inc. has launched Kintsugi powered by Vertex, an AI-native tax automation solution aimed at transforming tax compliance for small and mid-sized businesses (SMBs) through intelligent automation [1][2][3] - The solution is designed to automate key compliance functions such as nexus monitoring, registration, product-level tax categorization, calculation, filing, and remittance, providing real-time dashboards for jurisdictional liability and exposure tracking [3][4] - This launch is part of Vertex's broader strategy to integrate AI across the tax lifecycle, enhancing scalability and simplifying complexity in tax workflows [2][5] Company Overview - Vertex, Inc. is a leading global provider of indirect tax solutions, focusing on delivering trusted tax technology that enables businesses to transact, comply, and grow confidently [6] - The company offers tailored solutions for various industries, covering major lines of indirect tax, including sales and consumer use, value-added tax, and payroll [6] Partnership and Innovation - The collaboration with Kintsugi combines deep tax expertise with AI-native automation, aiming to provide clarity and control for SMBs while simplifying compliance processes [4][9] - Kintsugi's platform reportedly reduces preparation time by 75% and compliance costs by 50% for e-commerce and SaaS businesses, showcasing the effectiveness of AI in tax management [9] Future Developments - Vertex has a roadmap that includes expanded AI capabilities for global compliance, e-invoicing, exemption certificate management, and cross-border tax logic, indicating ongoing investment in next-generation tax technologies [5]