KING OF PRUSSIA, Pa., April 24, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc.
(https://www.vertexinc.com/company/about-
us/?utm_source=press_release&utm_medium=web_wire&utm_campaign=2021PressReleases)
(NASDAQ:VERX) ("Vertex" or the "Company"), a global provider of tax technology
solutions and a member of Oracle PartnerNetwork (OPN), today announced that it
has been selected to join the Oracle Independent Software Vendor (ISV)
Accelerator for SaaS Initiative. With expertise in Oracle Cloud Fusion Cloud
Applications (https://www.oracle.com/applications/) integrations, Vertex
continues to leverage the power of contract and tax data to optimize customer
operations and outcomes.
"Building on our longstanding relationship with Oracle, we are thrilled to join
the Oracle ISV Accelerator," said Bradd Wildstein, Vice President, Indirect
Sales at Vertex, Inc. "Through this partnership, Vertex can now enhance our
customers' finance and sales processes by integrating essential tax solutions
into Oracle Fusion Applications. It's more than just data integration - it's
about unifying disparate functions, streamlining operations, and amplifying
benefits for our mutual customers."
Vertex and Oracle's global customers process hundreds of millions of
transactions per month on Oracle Cloud Infrastructure (OCI). Along with an
overall 35% performance boost, customers hosting Vertex solutions on OCI have
reported an average performance increase of 20% in Accounts Receivable
processing and 14% in Accounts Payable processing. Additionally, customers using
the Vertex Accelerator on OCI have reported the ability to set up and configure
in a matter of minutes, delivering a faster time to "Go Live."
"The Oracle ISV Accelerator for SaaS Initiative amplifies our partnership and
our ability to successfully support mutual customers - delivering a faster time
to value regardless of how or where they do business," said Marc Duclos, Senior
Global Director at Vertex, Inc. "With decades of experience on Oracle products,
our deeply integrated solutions are globally hosted on OCI."
Since its initial release more than three years ago, the Vertex Accelerator
offering has been steadily delivering a "near push-button" experience for more
than 175 global customers looking to integrate Vertex tax solutions. Vertex tax
solutions are designed to scale and handle complex tax and compliance
requirements, enabling Oracle customers to streamline global tax compliance with
a single integrated platform.
"Oracle and Vertex work together to provide our mutual customers with innovative
tax solutions," said Dan Haller, Vice President, North American Applications
Ecosystem, Oracle. "Vertex integrations streamline tax determination and
compliance, improving the customer experience and reducing the burden on IT and
finance teams. We're excited to have them join the Oracle ISV Accelerator for
SaaS Initiative."
To learn more about how Vertex and Oracle work together to solve today's
toughest business challenges, click here
(https://www.vertexinc.com/partners/oracle).
About Vertex
Vertex is a leading global provider of indirect tax software and 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 employs over 1,400 professionals and serves companies across the globe.
For more information, visit?www.vertexinc.com (http://www.vertexinc.com/)?or
follow us on?Twitter (https://twitter.com/vertexinc/)?and?LinkedIn
(https://www.linkedin.com/company/vertex-inc./).
Copyright © 2024 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. The product direction and potential
roadmap information is not a guarantee, may not be incorporated into any
contract, and is not a commitment to deliver any material, code, or
functionality. This information should not be relied upon in making purchasing,
legal, or tax decisions. The development, release, and timing of any features or
functionality described for Vertex's products remains at the sole discretion of
Vertex, Inc. Any statements in this release that are not historical facts are
forward-looking statements as defined in the U.S. Private Securities Litigation
Reform Act of 1995. All forward-looking statements are subject to various risks
and uncertainties described in Vertex's filings with the U.S. Securities and
Exchange Commission ("SEC") that could cause actual results to differ materially
from expectations. Vertex cautions readers not to place undue reliance on these
forward-looking statements which Vertex has no obligation to update.
About Oracle PartnerNetwork
Oracle PartnerNetwork (OPN) is Oracle's partner program designed to enable
partners to accelerate the transition to cloud and drive superior customer
business outcomes. The OPN program allows partners to engage with Oracle through
track(s) aligned to how they go to market: Cloud Build for partners that provide
products or services built on or integrated with Oracle Cloud; Cloud Sell for
partners that resell Oracle Cloud technology; Cloud Service for partners that
implement, deploy and manage Oracle Cloud Services; Industry Healthcare for
partners that provide commercially available products and/or services built with
Oracle Cloud and Oracle Health technologies; and License & Hardware for partners
that build, service or sell Oracle software licenses or hardware products.
Customers can expedite their business objectives with OPN partners who have
achieved Expertise in a product family or cloud service. To learn more
visit:?http://www.oracle.com/partnernetwork
Trademarks
Oracle, Java, and MySQL are registered trademarks of Oracle Corporation.
Vertex Company Contact:
Rachel Litcofsky
Vertex, Inc.
mediainquiries@vertexinc.com (mailto:mediainquiries@vertexinc.com)
Investor Relations Contact:
Joe Crivelli
Vertex, Inc.
ir@vertexinc.com (mailto:ir@vertexinc.com)
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