Thu. Jan 27th, 2022

Vertex Inc. (NASDAQ: VERX) according to Oracle, customer adoption of Oracle Cloud Infrastructure has improved over the past 12 months. Joint customers using Vertex Indirect Tax Series O offers related to Oracle applications have experienced a 35% increase in performance in OCU compared to other configurations.

Customers can process more than 150 million transactions

The company is among the first tax technology partners to offer certified connections for Oracle products available at OCI and the adoption rate among customers continues to rise. To date, customers have managed to process more than 150 million monthly transactions for more than a billion transactions taking advantage of Vertex’s OCI tax offerings in 2021.

A regular consumer makes 100,000 international transactions daily, half of which require VAT compliance calculations, including 20 million tax regulations. Because these transactions often cross sales channels, the ability to process accurate tax calculations and transactions quickly and consistently influences not only compliance, but also business performance. Vertex uses the strong OIC computing services to resolve every transaction in milliseconds, resulting in a consistently superior user experience. In particular, Vertex makes use of OIC’s North American cloud regions and wants to expand into Germany.

Vertex CEO David DeStefano said: “We continue to work with our Oracle partners to advance technological innovation, streamline deployment and achieve faster time to value. As a result, OCI provides a preferred option for our joint customers, providing the performance, scalability and security they need to help accelerate global trade ”.

Vertex has been Oracle’s partner for 25 years

Oracle ISV Ecosystem, SVP, Dave Profozich, commented: “Vertex has been one of our trusted partners for over 25 years, providing an automated tax determination that has allowed our joint customers to modernize their financial and accounting processes and grow your business faster. The findings speak for themselves and show that Vertex’s tax solutions running at OCI have helped our joint global customers improve their ROI from the digital transformation of back-office operations. ”

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Published by Benjamin Roussey

Benjamin Roussey is from Sacramento, California. He has two master’s degrees and served four years in the United States Navy. His high school comes from CSUS (1999), where he had a baseball pitching scholarship. His second master’s degree is MBA in Global Management from the University of Phoenix (2006). He has worked for small businesses, public agencies and large corporations. He has lived in Korea and Saudi Arabia, where he was an ESL instructor. Benjamin spends his time between Northern California and Cabo San Lucas, Mexico, committing himself to his freelance craft and website writing. See more publications

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