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]

Company Overview - Vertex, Inc. is a leading global provider of indirect tax solutions, focusing on delivering trusted tax technology for global businesses to transact, comply, and grow with confidence [3] - The company offers tailored solutions for major lines of indirect tax, including sales and consumer use, value added, and payroll [3] - Vertex is headquartered in North America, with additional offices in South America and Europe, aiming to simplify the complexity of continuous compliance for leading brands [3] Upcoming Events - David DeStefano, CEO, and John Schwab, CFO of Vertex, will participate in a fireside chat at the 20th Annual Needham Technology, Media, & Consumer Conference [1] - The event is scheduled for May 12, 2025, at 9:30 AM Eastern Time [1] - Live webcasts and replays of the presentations will be available on Vertex's investor relations website [2]

Core Insights - Vertex Inc. has released research indicating that 79% of global business leaders view e-invoicing mandates as beneficial for business, with 80% believing these mandates will enhance data accuracy and financial reporting [1][2] - The survey, which included 1,150 global tax and finance professionals, shows that 80% of businesses plan to enhance e-invoicing system integration in the next two years, reflecting a positive shift in sentiment towards e-invoicing [2][6] E-Invoicing Benefits - E-invoicing is recognized for improving efficiency and cost savings, with approximately 60% of tax and finance leaders citing these advantages, alongside enhanced economic growth and global competitiveness at around 80% [2][3] - The implementation of e-invoicing is seen as a necessary step for organizations to maintain tax compliance while driving growth, especially in the face of increasing complexities in tax regulations [3] Challenges in Implementation - Approximately 51% of respondents in mandated countries identify maintaining data security and privacy as their biggest challenge, while 55% of current and 63% of soon-to-be mandated countries cite integration with existing software as a significant roadblock [3][7] - Time constraints are also a major barrier, with 49% of respondents indicating the need for frequent system updates, 48% for integration with existing systems, and 46% for training staff on new processes [7] Future Outlook - The percentage of sales subject to e-invoicing mandates is expected to rise from 47% to 57% by 2027, indicating a growing concern for businesses operating in mandated jurisdictions [7] - The use of AI in supporting e-invoicing is on the rise, with 86% of respondents currently using or planning to use AI for various functions such as customer support and fraud detection [7] Company Overview - Vertex, Inc. is a leading provider of indirect tax solutions, focusing on delivering trusted tax technology to enable global businesses to transact, comply, and grow confidently [8] - The company aims to simplify the complexities of continuous compliance for major lines of indirect tax, including sales and consumer use, value-added, and payroll taxes [8]

Core Insights - Vertex, Inc. has made a strategic investment of $15 million in Kintsugi, acquiring a 10% ownership stake and establishing a partnership that includes IP sharing and a commercial arrangement [1][5] - Kintsugi, founded in 2023, specializes in automating sales tax compliance for small and mid-sized businesses, addressing the growing complexity of tax regulations due to eCommerce and SaaS growth [2][8] - The investment aims to enhance Vertex's AI capabilities and accelerate its AI roadmap, benefiting mid-market and enterprise customers globally [3][5] Company Overview - Vertex, Inc. is a leading global provider of indirect tax solutions, focusing on delivering trusted tax technology for businesses to comply and grow confidently [6] - The company offers tailored solutions for various indirect tax lines, including sales and consumer use, value-added, and payroll taxes, with a presence in North America, South America, and Europe [6] Kintsugi Overview - Kintsugi provides an AI-powered tax automation platform that streamlines tax management, reducing preparation time by 75% and compliance costs by 50% for eCommerce and SaaS businesses [8] - The platform integrates seamlessly with digital accounting and payment processing systems, enhancing automation and user experience for small businesses [3][8]