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Anybill Addresses Growing Demand for Tax Compliance Payment ServicesBuilds Upon Its Long Term Indirect Tax Compliance Relationship With KPMG (February 15, 2012)
WASHINGTON, DC -- (Marketwire) -- 02/15/12 -- Anybill, Inc., a pioneer in Software-as-a-Service (SaaS) accounts payable solutions, announced today it is building upon its long-term indirect tax compliance relationship with KPMG LLP, the audit, tax and advisory firm and a leading global provider of corporate tax services. Anybill will provide its popular tax payment processing solution in association with KPMG's Indirect Tax Compliance Services (for non-audit clients) as both groups continue activities to develop their services and client bases evidenced by KPMG's recent acquisition of Thomson Reuters Corporation's ONESOURCE® Indirect Tax Managed Services business.
Factors including a challenging U.S. economy, globalization and a heightened regulatory burden have spurred businesses of all sizes to analyze and update internal processes. In many cases this means outsourcing non-core activities, including tax management services, to third-party experts.
Within the past six years, Anybill said the company and KPMG have witnessed steady growth in the number of companies seeking to improve efficiencies through partnering with tax service specialists with specific interest in process automation. This growth can be attributed to increased awareness that automated tax compliance and payment services offer significant benefits through:
- improved accuracy -- a reduction in late payments and data accuracy errors that result in penalties,
- reduced activity-based cost and resource management for this function,
- reduced manual processing and increased technology to increase controls and provide more data transparency, and
- elimination of time-consuming research of tax laws and rulings, management of rate calculations, and management of return production.
Anybill says its tax payment processing service offers advantages in that payment activities are handled by a respected leader helping to ensure efficiencies, security and quality control.
Matt Voorhees, Anybill's Chief Executive Officer and Co-Founder, commented on the relationship with KPMG, "We believe Anybill's automated tax payment processing provides a comprehensive and reliable option for secure, cost-effective tax payment services."
About Anybill, Inc.
Since 2001, Anybill has been developing and delivering the most secure, comprehensive and advanced suite of complete, on demand accounts payable software-as-a-service and critical payment solutions to companies and organizations across the United States and internationally through channel partners and direct relationships with its clients. Anybill's unique back office business process leverages technology that provides users the ability to save time and money through workplace automation, instant access to critical data, and financial transparency.
Anybill is based in Washington, DC. For more information visit www.Anybill.com.
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