Streamlining Global Tax Compliance: Vertex Partners with Shopify
Shopify and Vertex Partner Up
Exciting news in the world of eCommerce and technology: Vertex Inc., a leader in tax technology solutions, has announced a groundbreaking partnership with Shopify Inc., a titan in internet commerce infrastructure. This collaboration marks a significant stride in simplifying global tax compliance for businesses, especially for those engaged in both B2B and B2C sales.
The Essence of the Partnership
- Vertex and Shopify Join Forces: The partnership between Vertex and Shopify is set to revolutionize the way enterprise merchants handle tax calculations and compliance on a global scale. By integrating Vertex’s solutions into Shopify’s platform, the process of updating complex tax rates and rules across over 195 countries is automated. This SaaS-based solution is a game-changer in reducing the administrative burden and fostering commerce growth.
- First of Its Kind: Vertex stands out as the first global tax technology partner in the Shopify Tax Partner Platform, offering a unified solution to navigate the intricacies of cross-border indirect taxes.
- A Unified Commerce Experience: Vertex’s Chief Commercial Officer, Chris Jones, highlights the goal of transforming business operations to deliver a seamless commerce experience. The integration ensures accurate and consistent tax application, irrespective of transaction details.
- Shopify’s Continued Innovation: Recognized as a leader in the 2023 Gartner® Magic Quadrant™ in Digital Commerce, Shopify powers 10% of U.S. ecommerce. The partnership with Vertex underscores Shopify’s commitment to product innovation, particularly in the enterprise market.
Benefits of the Partnership
- Simplifying Complex Tax Jurisdictions: The collaboration addresses the complexities of transacting in multiple tax jurisdictions and niche categories. Shopify’s Chief Revenue Officer, Bobby Morrison, emphasizes the flexibility and growth potential of this service for enterprise businesses.
- Empowering Enterprise Retailers: Together, Vertex and Shopify enhance the capabilities of enterprise retailers, enabling them to transact, comply, and scale with greater confidence and efficiency.
About Vertex and Shopify
- Vertex: A global provider of indirect tax software, Vertex’s mission revolves around delivering trusted tax technology. With a presence across North America, South America, and Europe, Vertex serves various industries, helping them navigate sales, consumer use, value-added, and payroll taxes.
- Shopify: As a leading global commerce company, Shopify offers essential internet infrastructure for businesses of all sizes. Known for its speed, customization, reliability, and security, Shopify powers millions of businesses worldwide, contributing to a superior shopping experience both online and offline.
Conclusion
The partnership between Vertex and Shopify represents a significant advancement in the eCommerce sector, particularly in global tax compliance. By automating and simplifying tax calculations, this collaboration not only supports business growth but also paves the way for more streamlined and efficient operations in the ever-evolving digital commerce landscape.
Additional Resources
For further information about this partnership and the involved companies, visit Vertex’s website and Shopify’s official site. Original source https://www.globenewswire.com/news-release/2023/11/06/2774027/0/en/Vertex-Partners-with-Shopify-to-Streamline-Global-Tax-Compliance.html
