Vertex Expands e-Invoicing Capabilities to Streamline Compliance & Reporting
Vertex Inc. (NASDAQ:VERX) has announced an enhanced version of its Vertex e-Invoicing solution, integrating Continuous Transaction Controls (CTC) with Periodic Transaction Controls (PTC). The upgrade aims to streamline electronic invoicing processes by simplifying exchange, clearance, e-archiving, and VAT reporting & reconciliation of e-invoices globally.
The enhanced solution helps businesses navigate expanding e-invoicing mandates and country-specific requirements worldwide through a cloud-based network. It automates accounts payable and receivable transactions while streamlining indirect tax reporting and VAT filing reconciliation.
TeamViewer's Business Operations Manager Simon Grosser endorsed the solution, citing Vertex's extensive global market coverage and seamless system integration capabilities as key factors in their selection.
Vertex Inc. (NASDAQ:VERX) ha annunciato una versione migliorata della sua soluzione di e-Fatturazione Vertex, integrando i Controlli di Transazione Continuativi (CTC) con i Controlli di Transazione Periodici (PTC). L'aggiornamento mira a semplificare i processi di fatturazione elettronica, facilitando lo scambio, la clearance, l'e-archiviazione e la reportistica e riconciliazione IVA delle e-fatture a livello globale.
La soluzione migliorata aiuta le aziende a orientarsi tra i crescenti mandati di e-fatturazione e i requisiti specifici per paese in tutto il mondo attraverso una rete basata su cloud. Automatizza le transazioni di contabilità fornitori e clienti, semplificando la reportistica delle imposte indirette e la riconciliazione delle dichiarazioni IVA.
Simon Grosser, Responsabile delle Operazioni Aziendali di TeamViewer, ha sostenuto la soluzione, citando l'ampia copertura di mercato globale di Vertex e le capacità di integrazione del sistema come fattori chiave nella loro scelta.
Vertex Inc. (NASDAQ:VERX) ha anunciado una versión mejorada de su solución de e-Facturación Vertex, integrando Controles de Transacción Continuos (CTC) con Controles de Transacción Periódicos (PTC). La actualización tiene como objetivo optimizar los procesos de facturación electrónica al simplificar el intercambio, la liquidación, el archivo electrónico y la presentación y reconciliación del IVA de las e-facturas a nivel global.
La solución mejorada ayuda a las empresas a navegar por los crecientes mandatos de e-facturación y los requisitos específicos de cada país en todo el mundo a través de una red basada en la nube. Automatiza las transacciones de cuentas a pagar y cobrar, mientras simplifica la presentación de informes de impuestos indirectos y la reconciliación de las declaraciones de IVA.
Simon Grosser, Gerente de Operaciones Comerciales de TeamViewer, respaldó la solución, citando la amplia cobertura de mercado global de Vertex y las capacidades de integración del sistema como factores clave en su selección.
Vertex Inc. (NASDAQ:VERX)는 Vertex 전자 송장 솔루션의 향상된 버전을 발표하며, 지속적인 거래 통제(CTC)와 주기적인 거래 통제(PTC)를 통합했습니다. 이 업그레이드는 전자 송장 프로세스를 간소화하여 전 세계적으로 송장 교환, 정산, 전자 보관 및 부가세 보고 및 조정을 단순화하는 것을 목표로 합니다.
향상된 솔루션은 클라우드 기반 네트워크를 통해 전 세계의 증가하는 전자 송장 의무 및 국가별 요구 사항을 기업들이 원활하게 탐색하도록 도와줍니다. 이 솔루션은 외상 매출금 및 외상 매출 거래를 자동화하며, 간접세 보고 및 부가세 신고 조정을 간소화합니다.
TeamViewer의 비즈니스 운영 관리자 Simon Grosser는 Vertex의 광범위한 글로벌 시장 커버리지와 원활한 시스템 통합 기능을 선택의 주요 요소로 언급하며 이 솔루션을 지지했습니다.
Vertex Inc. (NASDAQ:VERX) a annoncé une version améliorée de sa solution de e-facturation Vertex, intégrant des Contrôles de Transaction Continus (CTC) avec des Contrôles de Transaction Périodiques (PTC). Cette mise à jour vise à rationaliser les processus de facturation électronique en simplifiant l'échange, le règlement, l'archivage électronique et le reporting et la réconciliation de la TVA des e-factures à l'échelle mondiale.
La solution améliorée aide les entreprises à naviguer à travers les mandats de e-facturation en expansion et les exigences spécifiques à chaque pays dans le monde entier grâce à un réseau basé sur le cloud. Elle automatise les transactions de comptes fournisseurs et clients tout en rationalisant le reporting des taxes indirectes et la réconciliation des déclarations de TVA.
Simon Grosser, Responsable des Opérations Commerciales chez TeamViewer, a soutenu la solution, citant la vaste couverture de marché mondial de Vertex et les capacités d'intégration système comme des facteurs clés dans leur choix.
Vertex Inc. (NASDAQ:VERX) hat eine verbesserte Version seiner Vertex e-Rechnungsstellungslösung angekündigt, die kontinuierliche Transaktionskontrollen (CTC) mit periodischen Transaktionskontrollen (PTC) integriert. Das Upgrade zielt darauf ab, die Prozesse der elektronischen Rechnungsstellung zu optimieren, indem der Austausch, die Abwicklung, die elektronische Archivierung sowie die Mehrwertsteuerberichterstattung und -abstimmung von e-Rechnungen weltweit vereinfacht werden.
Die verbesserte Lösung hilft Unternehmen, sich in der wachsenden Anzahl von e-Rechnungsmandaten und länderspezifischen Anforderungen weltweit zurechtzufinden, indem sie ein cloudbasiertes Netzwerk nutzt. Sie automatisiert die Transaktionen von Kreditoren- und Debitorenbuchhaltung und vereinfacht die Berichterstattung über indirekte Steuern sowie die Abstimmung von Mehrwertsteuererklärungen.
Simon Grosser, Business Operations Manager von TeamViewer, unterstützte die Lösung und nannte die umfangreiche globale Marktabdeckung von Vertex sowie die nahtlosen Systemintegrationsfähigkeiten als entscheidende Faktoren für ihre Auswahl.
- Launch of enhanced e-invoicing solution expanding product portfolio
- Integration of CTC and PTC capabilities strengthening competitive position
- Strategic positioning for growing global e-invoicing mandate requirements
- Notable client endorsement from TeamViewer
- None.
Insights
Vertex's expansion of its e-Invoicing capabilities represents a strategic market positioning move in the rapidly growing tax compliance software sector. This enhancement addresses the intensifying regulatory complexity in global e-invoicing, particularly as Europe accelerates digital tax reporting mandates through initiatives like ViDA.
The integration of Continuous Transaction Controls with Periodic Transaction Controls creates a competitive advantage by offering end-to-end compliance automation that many competitors provide only partial solutions for. This positions Vertex to capture increased market share in the global tax compliance software market, currently valued at approximately
From a financial perspective, this enhancement likely strengthens Vertex's recurring revenue streams through its cloud-based subscription model. By expanding its enterprise platform capabilities, Vertex increases both its average revenue per customer and creates cross-selling opportunities across its product portfolio. The timing aligns perfectly with the acceleration of regulatory mandates, creating urgency for potential customers to adopt comprehensive solutions.
The TeamViewer testimonial validates the market demand for consolidated global solutions rather than fragmented regional approaches. This suggests Vertex could realize improved customer retention rates and potentially command premium pricing for its comprehensive offering compared to point solutions.
For investors, this expansion represents Vertex's continued execution of its strategy to be the dominant global tax technology platform, extending beyond its traditional tax calculation roots into adjacent compliance workflows that increase its total addressable market and customer stickiness.
KING OF PRUSSIA, Pa., Feb. 26, 2025 (GLOBE NEWSWIRE) -- Vertex Inc. (NASDAQ:VERX) (“Vertex” or the “Company”), a global provider of tax technology solutions, today announced the latest enhancement of Vertex e-Invoicing – a comprehensive solution designed to simplify electronic invoicing (e-invoicing) for businesses navigating increasingly complex global tax regulations. The release integrates Continuous Transaction Controls (CTC) with Periodic Transaction Controls (PTC) to streamline the exchange, clearance, e-archiving and VAT reporting & reconciliation of e-invoices, helping organizations comply with evolving mandates and jurisdictional requirements worldwide.
With e-invoicing mandates expanding worldwide, businesses must navigate a growing landscape of country-specific requirements, diverse data standards and evolving reporting obligations. Scalable solutions are essential to replace fragmented approaches, ensuring seamless compliance while automating the reconciliation between real-time e-invoice data with periodic VAT filings.
Vertex e-Invoicing solution enables businesses to automate accounts payable and accounts receivable transactions, streamline indirect tax reporting and reconcile VAT filings—all within a scalable, resilient and globally available cloud-based network.
“As e-invoicing mandates expand globally, businesses need a unified solution to manage cross-border transactions and compliance,” said David DeStefano, CEO of Vertex. “By integrating e-invoicing and VAT reporting into our cloud-based portfolio, we expand our global enterprise platform to deliver end-to-end tax compliance, enhanced accuracy and the scalability needed to adapt to evolving regulations.”
For example, the pan-European momentum gathered by ViDA marks a significant shift in the European e-invoicing landscape. As more European countries rapidly adopt and expand digital tax reporting and e-invoicing mandates, businesses need reliable solutions to ensure compliance while maintaining operational efficiency.
“We chose Vertex because of its extensive global market coverage and its ability to seamlessly integrate with our existing systems. By consolidating our global e-invoicing processes in one solution, we can ensure compliance with diverse regulatory requirements now and in the future, which is crucial to our global operations,” said Simon Grosser, Business Operations Manager at TeamViewer.
For more information on Vertex e-Invoicing, visit the Vertex website.
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 www.vertexinc.com or follow us on Twitter 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.
Vertex Company Contact:
Rachel Litcofsky
Manager, Public Relations
mediainquiries@vertexinc.com
Investor Relations Contact:
Joe Crivelli
VP, Investor Relations
investors@vertexinc.com
FAQ
What new features does Vertex (VERX) e-Invoicing solution include in its 2025 enhancement?
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How is Vertex (VERX) addressing the European e-invoicing landscape changes with ViDA?
