Group 1 Software's GeoTAX Achieves Certification from Florida Department of Revenue
May 11 2005 - 9:00AM
PR Newswire (US)
Group 1 Software's GeoTAX Achieves Certification from Florida
Department of Revenue Tax Certification Process Streamlined for
Cable and Telecommunications Providers LANHAM, Md., May 11
/PRNewswire/ -- Group 1 Software, Inc., a Pitney Bowes Company,
today announced certification by the State of Florida Department of
Revenue for its GeoTAX(R) products for determination of local tax
jurisdictions. With this certification, telecommunications and
cable providers using Group 1's GeoTAX in Florida will receive a
higher tax collection allowance (.75 percent versus .25 percent).
In addition, GeoTAX customers in Florida are now automatically
granted the "hold harmless" provision of the Communication Services
Tax in Florida, enabling telecommunications companies to bypass the
cumbersome 3-6 month certification process for their customer
lists. The Florida Department of Revenue, which has used GeoTAX
since early 2001 as part of its internal tax determination
solution, found the GeoTAX database to be 99 percent accurate, far
surpassing the 95 percent accuracy level required for
certification. Group 1 has exclusive use of the Tele Atlas North
America (formerly Geographic Data Technology, Inc.) municipal
boundary dataset for current jurisdictional boundary information
for tax applications. "Group 1 partners with other industry
leaders, such as Tele Atlas, to provide best-of-breed solutions for
our customers," says Steve Walden, vice president and general
manager of Centrus, a division of Group 1 Software. "Our address
matching and advanced geocoding capabilities, combined with Tele
Atlas' ability to keep current with the more than 5,000 changes
made each year to approximately 20,000 municipal boundaries
nationwide, uniquely provides GeoTAX customers with a total
solution for the precise assignment of tax jurisdictions." More
About GeoTAX With tax jurisdictions constantly changing and new tax
jurisdiction assignment requirements mandated by federal and state
laws, the potential liability resulting from inaccurate tax
assignment poses a significant problem. GeoTAX is a comprehensive
solution that standardizes addresses and appends state, county,
municipal place, and special tax jurisdiction information to
customer address records. To ensure businesses utilize more
accurate address information for tax jurisdiction assignment,
GeoTAX provides exclusive access to the most current taxation
boundary information through a data update process that continually
tracks and updates taxation boundaries nationwide. GeoTAX reduces
customer financial risks and regulatory liability, and is compliant
with the Mobile Telephone Sourcing Act. About Group 1 Software
Group 1 Software, a wholly owned subsidiary of Pitney Bowes,
develops software that provides an integrated Customer
Communication Management (CCM) solution, which maximizes the value
of customer data and improves the effectiveness of customer
communications. Group 1 Software's solutions are an essential
component of enterprise applications, serving to consolidate,
cleanse and enrich corporate data, and generate personalized
business documents for multi-channel delivery, customer care and
efficient business processing. The Company's solutions are utilized
by over 3,500 organizations worldwide in the financial
services/banking, GIS/mapping, retail, telecommunications,
utilities, insurance and other industries, including Entergy,
GEICO, L.L. Bean, MapQuest, QVC, Siemens, Wal-Mart and Wells Fargo.
For more information about the Company, visit http://www.g1.com/.
Centrus, GeoTAX, Group 1 and Group 1 Software are trademarks or
registered trademarks of Group 1 Software, Inc. All other brand
names, trademarks and registered trademarks are the property of
their respective owners. Contact: Colette Cote Pitney Bowes (203)
351 6132 DATASOURCE: Group 1 Software, Inc. CONTACT: Colette Cote
of Pitney Bowes, +1-203-351-6132, or , for Group 1 Software, Inc.
Web site: http://www.g1.com/ http://www.pitneybowes.com/
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