NEW YORK, Aug. 23, 2013 /PRNewswire/ -- In a move that further strengthens Deloitte's leadership position in tax technology consulting services, Deloitte today announced a strategic alliance with Vertex Inc. to bring to the market the synergies between Vertex's industry leading indirect tax software products and emerging income tax and data management solutions with Deloitte's tax services. The formal alliance is Vertex's first among the Big Four professional services organizations for their full suite of tax software solutions and positions Deloitte as a preferred associate of Vertex.
"Deloitte understands the critical importance of the integration of tax and technology to our clients," said Carl Allegretti, chairman and CEO of Deloitte Tax LLP. "Our alliance with Vertex helps tax departments transform their people, process, technology and data for better performance and added value to their organizations. Leading these critical business process changes further enhances Deloitte's position as a trusted advisor among tax, finance, IT and operations executives. The approach to integrate tax and technology also differentiates Deloitte from competitors."
Vertex's wide range of offerings and latest technology aligns with Deloitte's areas of specialization, enabling organizations to strengthen end-to-end delivery capabilities for a diverse array of clients. The alliance also allows Deloitte to demonstrate Vertex's capabilities for clients utilizing the Deloitte Tax Nerve Center™, a cloud-computing environment, before key investment decisions are made.
"The alliance between Vertex and Deloitte allows our clients to integrate refined tax processes with the latest advances in technology," said Jeff Westphal, president and CEO of Vertex Inc. "Vertex offers the most advanced technology in the marketplace for both direct and indirect tax. We look forward to working with Deloitte to bring these solutions and services to the market."
Vertex's global tax technology products offer a variety of tools to meet corporate tax challenges in both direct and indirect tax types. Vertex Enterprise is the latest addition to their suite of solutions. Vertex Enterprise is a breakthrough solution designed to impact the entire tax lifecycle—from provision to audits, planning and compliance—by solving the data management challenges faced by tax professionals and enabling them to drive better business decisions across the organization.
Deloitte has worked with Vertex over many years, involving several of Vertex's larger and more complex software and product implementations. Through the expansion of this strategic alliance, the two organizations will bring to market certain tax technology products, services and innovations to further the evolution of today's tax processes and tax departments.
About Deloitte Tax LLP
Deloitte offers clients a broad range of fully integrated tax services. Our approach combines insight and innovation from multiple disciplines with business and industry knowledge to help organizations excel.
Founded in 1978, Vertex Inc. is the leading provider of corporate enterprise tax software and services worldwide.
Vertex helps companies realize the full financial and strategic potential of corporate tax, offering a variety of solutions that streamline, integrate and automate corporate tax processes. Vertex solutions serve multinational corporations in every major line of business tax including; income, sales, consumer use, value added, communications and payroll.
Vertex is a privately held company that employs over 700 professionals across the globe, at its Headquarters in the U.S. (Berwyn, Pa.) and offices in Europe (London), Brazil (Sao Paulo), Dallas, Fort Collins, Naperville, Phoenix and Sarasota.
As used in this document, "Deloitte" means Deloitte Tax LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
SOURCE Deloitte Tax LLP