Vertex Expands e-Invoicing Capabilities to Streamline Compliance & Reporting
Rhea-AI Summary
Vertex Inc. (NASDAQ:VERX) has announced an enhanced version of its Vertex e-Invoicing solution, integrating Continuous Transaction Controls (CTC) with Periodic Transaction Controls (PTC). The upgrade aims to streamline electronic invoicing processes by simplifying exchange, clearance, e-archiving, and VAT reporting & reconciliation of e-invoices globally.
The enhanced solution helps businesses navigate expanding e-invoicing mandates and country-specific requirements worldwide through a cloud-based network. It automates accounts payable and receivable transactions while streamlining indirect tax reporting and VAT filing reconciliation.
TeamViewer's Business Operations Manager Simon Grosser endorsed the solution, citing Vertex's extensive global market coverage and seamless system integration capabilities as key factors in their selection.
Positive
- Launch of enhanced e-invoicing solution expanding product portfolio
- Integration of CTC and PTC capabilities strengthening competitive position
- Strategic positioning for growing global e-invoicing mandate requirements
- Notable client endorsement from TeamViewer
Negative
- None.
News Market Reaction
On the day this news was published, VERX gained 0.38%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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
FAQ
What new features does Vertex (VERX) e-Invoicing solution include in its 2025 enhancement?
How does Vertex's enhanced e-Invoicing solution help with global compliance?
What specific business processes does the Vertex (VERX) e-Invoicing solution automate?
How is Vertex (VERX) addressing the European e-invoicing landscape changes with ViDA?
