Vertex Strengthens Partnership with Alfa for Indirect Tax Compliance
JUN 25, 2021 - 6:25 am
Vertex, a provider of tax technology solutions, launched a new integration of its Vertex Lease Tax O Series with Alfa Start.
Alfa Start, built exclusively for auto leasing operations, is the preconfigured edition of the cloud-based Alfa Systems. This new integration extends Vertex’s partnership with Alfa.
Managing the tax complexity on lease and rental transactions with confidence is critically important for businesses. The constant changes in rates and rules across jurisdictions, states and products creates a need for integrated software to calculate indirect taxes for all lease transactions. Vertex’s tax technology will enable Alfa Start customers to automate tax for transactions throughout the life of a lease. Alfa clients also will be able to simplify exemption certificate management with Vertex’s O Series, reducing risk, creating a single digital data repository and improving audit performance.
“Strengthening our relationship with Vertex helps us create a streamlined customer experience and futureproof asset finance programs,” Simon Clark, director of product and delivery in the Americas for Alfa, said. “This new solution from Vertex and Alfa Start provides auto leasing companies with a unified platform tailored to their specific tax needs so they can focus on accelerating growth.”
The Vertex O Series leasing solution was designed for the tax needs of lessors. The integration, combined with Alfa Start, will enable customers to simplify and automate taxation on lease transactions and provide visibility and control across business operations while improving tax accuracy.
“Leasing is one of the most complex areas of tax compliance,” Chris Jones, chief revenue officer at Vertex, said. “As more companies expand their leasing operations, our goal is to enable Alfa customers to make tax a seamless part of each transaction. Our technology on the Alfa cloud-native platform is another example of co-innovation in the auto finance space.”
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