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Sabrix Wins Best of SaaS Showplace AwardTransaction Tax Management Solutions Help Companies Improve Compliance While Reducing Staff and Operating Expenses (October 26, 2009)
WELLESLEY, MA -- (Marketwire) -- 10/26/09 -- THINKstrategies, Inc., the leading strategic consulting company focused on the business implications of the on-demand services market, announced today that Sabrix, Inc. has been named the latest winner of the Best of SaaS Showplace (BoSS) Awards program, which is aimed at promoting the measurable business benefits being delivered by today's Software-as-a-Service (SaaS) solutions.
The BoSS Awards program was announced in January 2009 as the latest initiative by THINKstrategies to bring attention to SaaS and cloud computing companies that are producing tangible business benefits for specific user organizations. These benefits include increased sales, lower costs, higher customer satisfaction, faster operations and greater profitability.
Sabrix, Inc. is a leading provider of transaction tax management software and services for companies of all sizes. Sabrix Managed Tax Service (MTS) is an outsourced sales and use tax compliance service that allows companies to entrust their compliance obligation to Sabrix tax experts. Sabrix MTS combines the services of professional tax experts with best practice methodologies and a SaaS version of Sabrix's tax software.
Epocrates provides mobile and web-based clinical references and decision support services, including the most popular iPhone medial application, to more than 900,000 healthcare professionals worldwide. The company continues to grow rapidly with more than one in three physicians relying on its software and collaborations with government, pharmaceutical and market research organizations. It needed to find ways to comply with its rising tax obligations without assuming greater administrative costs. Epocrates estimates that it has generated $200,000 annual savings using Sabrix MTS, including $150,000 due to the automation of the tax management process and not having to retain in-house tax experts. Plus an additional $50,000 savings in subscriptions to tax sources and tracking jurisdictions and tax rate changes with software and technology savings using a SaaS solution rather than an on-premise application.
It is for these reasons that Sabrix has been named a Best of SaaS Showplace Award winner. A full description of the company's winning BoSS Award submission can be found at http://www.saas-showplace.com/awardSummary.php?key=529.
"We are pleased to receive the BoSS Award, and join the select group of SaaS vendors whose solutions have been recognized for delivering real results to companies of all sizes," said Pam Kostka, SVP of Corporate Marketing, Sabrix. "This award is important as it provides current and future Sabrix customers with a new model for achieving sales and use tax compliance with confidence, while eliminating expensive and redundant internal costs."
"Keeping pace with escalating government regulations, including tax obligations, can be a complicated and costly process," stated Jeffrey M. Kaplan, the founder of the SaaS Showplace and Managing Director of THINKstrategies, the strategic consulting firm which conceived and administers the Showplace. "The Sabrix MTS clearly shows how SaaS-based professional services can offset many of these costs and ensure corporate compliance."
A list of previous winners of the BoSS Awards can be found at http://www.saas-showplace.com/registerforbossaward.html.
About the Best of SaaS Showplace (BoSS) Awards
The BoSS Award program is an ongoing initiative to identify and promote SaaS, and 'cloud computing', companies which are offering on-demand solutions which are generating measurable business benefits for their customers.
BoSS awards nominations are not only accepted on an ongoing basis, but more than one winner can be awarded in each SaaS Showplace Application, Industry and Enabling Technology Supplier category.
BoSS award winners are given special designation on the SaaS Showplace, with a summary of their award-winning solution(s) and customer success story. Award winners are also recognized in the SaaS Showplace newsletter, and are able to promote their award designation on their website and in pre-approved company material.
For more information or to nominate a BoSS award winner, go to http://www.saas-showplace.com/registerforbossaward.html.
About the SaaS Showplace
Software-as-a-Service (SaaS) Showplace® is a service of THINKstrategies, Inc. This Showplace was established in 2006 to provide the following benefits:
-- Give enterprise decision-makers a quick directory of the leading SaaS providers and a convenient source of valuable insight regarding SaaS trends. -- Give SaaS providers a targeted tool to increase their visibility among enterprise decision-makers, and gain access to key enabling technology suppliers. -- Give enabling technology suppliers a specialized platform to increase industry awareness regarding their SaaS solutions.
The SaaS Showplace is now the largest and highest ranked, vendor-independent, online directory and resource center of industry best practices in the SaaS market. For more information, go to www.saas-showplace.com.
Sabrix, Inc. is a leading provider of transaction tax management for companies of all sizes, enabling finance, tax, and IT professionals to achieve accurate, timely, and cost-effective compliance for sales tax, use tax, Value Added Tax (VAT), excise tax and industry-specific taxes and fees. The Sabrix Application Suite(TM) serves global enterprises such as Amazon.com, BASF, Cisco, DTE Energy, IBM, and York International. The Sabrix Application Suite seamlessly connects to all financial applications requiring the determination, calculation, and recording of transaction taxes. The company also offers the Sabrix Managed Tax Service(TM) (MTS), an outsourced transaction tax compliance service that helps finance departments of small-and-medium-sized businesses eliminate the hassle, control their audit exposure, and reduce the total cost of sales tax, use tax, and VAT compliance. Sabrix MTS seamlessly integrates with a company's existing accounting and e-commerce systems, and, similar to outsourced payroll services, operates as a trusted extension of a company's finance department to address tax compliance from start to finish: address validation, tax rate maintenance, tax determination and calculation, returns preparation and filing as well as audit research and documentation. For more information, please visit www.sabrix.com.
About THINKstrategies, Inc.
THINKstrategies, Inc. is the only strategic consulting services company formed specifically to address the unprecedented business challenges facing IT managers, solutions providers and investors today as the technology industry shifts toward a services orientation.
THINKstrategies' mission is to help our clients re-THINK their corporate strategies, and refocus their limited resources to achieve their business objectives. THINKstrategies helps enterprise decision-makers with their sourcing strategies, IT solutions providers with their marketing strategies, and VCs with their investment strategies.
In addition to the Software-as-a-Service Showplace, THINKstrategies is also the founder of the Managed Services Showplace, a vendor-independent, online directory and information resource center of managed service solutions.
THINKstrategies, SaaS Showplace and Managed Services are registered trademarks of THINKstrategies, Inc. Sabrix, Sabrix Application Suite, Sabrix Managed Tax Service and Sabrix MTS are trademarks of Sabrix, Inc. All other company and product names are trademarks or registered trademarks of their respective holders.
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