Vertex Expands e-Invoicing Capabilities to Streamline Compliance & Reporting
February 26 2025 - 8:00AM
UK Regulatory
Vertex Expands e-Invoicing Capabilities to Streamline Compliance
& Reporting
KING OF PRUSSIA, Pa., Feb. 26, 2025 (GLOBE
NEWSWIRE) -- Vertex Inc. (NASDAQ:VERX) (“Vertex” or the “Company”),
a global provider of tax technology solutions, today announced the
latest enhancement of Vertex e-Invoicing – a comprehensive solution
designed to simplify electronic invoicing (e-invoicing) for
businesses navigating increasingly complex global tax regulations.
The release integrates Continuous Transaction Controls (CTC) with
Periodic Transaction Controls (PTC) to streamline the exchange,
clearance, e-archiving and VAT reporting & reconciliation of
e-invoices, helping organizations comply with evolving mandates and
jurisdictional requirements worldwide.
With e-invoicing mandates expanding worldwide, businesses must
navigate a growing landscape of country-specific requirements,
diverse data standards and evolving reporting obligations. Scalable
solutions are essential to replace fragmented approaches, ensuring
seamless compliance while automating the reconciliation between
real-time e-invoice data with periodic VAT filings.
Vertex e-Invoicing solution enables businesses to automate
accounts payable and accounts receivable transactions, streamline
indirect tax reporting and reconcile VAT filings—all within a
scalable, resilient and globally available cloud-based network.
“As e-invoicing mandates expand globally, businesses need a
unified solution to manage cross-border transactions and
compliance,” said David DeStefano, CEO of Vertex. “By integrating
e-invoicing and VAT reporting into our cloud-based portfolio, we
expand our global enterprise platform to deliver end-to-end tax
compliance, enhanced accuracy and the scalability needed to adapt
to evolving regulations.”
For example, the pan-European momentum gathered by
ViDA marks a significant shift in the European e-invoicing
landscape. As more European countries rapidly adopt and expand
digital tax reporting and e-invoicing mandates, businesses need
reliable solutions to ensure compliance while maintaining
operational efficiency.
“We chose Vertex because of its extensive global market coverage
and its ability to seamlessly integrate with our existing systems.
By consolidating our global e-invoicing processes in one solution,
we can ensure compliance with diverse regulatory requirements now
and in the future, which is crucial to our global operations,” said
Simon Grosser, Business Operations Manager at TeamViewer.
For more information on Vertex e-Invoicing, visit the Vertex
website.
About Vertex
Vertex, Inc. is a leading global provider of indirect tax
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
empowers the world’s leading brands to simplify the complexity of
continuous compliance.
For more information, visit www.vertexinc.com or follow us
on Twitter and LinkedIn.
COPYRIGHT © 2025 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.
Vertex Company Contact:
Rachel Litcofsky
Manager, Public Relations
mediainquiries@vertexinc.com
Investor Relations Contact:
Joe Crivelli
VP, Investor Relations
investors@vertexinc.com
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