Vertex Continues Market Leadership with Oracle as Preferred Cloud Infrastructure Partner
Vertex customers using integrated tax solutions on Oracle Cloud Infrastructure (OCI) see a 35 percent improvement in performance
Austin, Texas, Aug 12, 2021 /PRNewswire/ — Oracle today announced that: Vertex, Inc. (NASDAQ: VERX), a strategic partner and trusted global provider of indirect tax technology solutions, has seen a significant increase in customer adoption of Oracle Cloud Infrastructure (OCI) over the past 12 months. Joint Global Clients Using Vertex Indirect Tax The series solutions integrated with their Oracle applications have seen a 35 percent performance improvement on OCI over other environments.
As one of the first tax technology partners to provide validated integrations for Oracle solutions available on OCI, the pace of adoption among joint customers continues to grow. By 2021, customers were already able to process more than 150 million transactions per month or in total more than a billion transactions by using Vertex tax solutions on OCI.
A typical customer has 100,000 global transactions per day, half of which require VAT compliance calculations that span 20 million tax lines. Since these transactions often span sales channels — digital, physical, etc. — the ability to quickly and consistently process accurate tax calculations and transactions affects not only compliance, but business performance as well. OCI’s powerful compute services help Vertex resolve every transaction in milliseconds, creating a consistently better user experience. Vertex is using OCI’s North American cloud regions and is working to expand internationally to: Germany.
“We continue to work with our partners at Oracle to advance technology innovation, streamline implementation, and achieve faster time-to-value,” said David DeStefano, general manager, Vertex. “As a result, OCI provides a preferred option for our joint customers as it provides the performance, scalability and security they need to help accelerate global commerce.”
OCI’s built-in security, high availability and superior value for money help Vertex customers around the world automate their transactions and stay compliant without worrying about capacity constraints. Vertex O Series on OCI provides a cloud solution for businesses that enables greater flexibility of load system configuration without the responsibility of infrastructure, hosting and system maintenance.
“Vertex has been one of our trusted partners for more than 25 years, providing automated tax determination that has enabled our joint customers to modernize their financial and accounting processes and accelerate their business growth,” said Vertex. Dave Profozich, senior vice president, ISV Ecosystem, Oracle. “The findings speak for themselves and demonstrate that Vertex’s tax solutions running on OCI have helped our joint global customers improve their ROI through the digital transformation of back office operations.”
Already a member of the Oracle PartnerNetwork (OPN), Vertex continues to expand its partnership with Oracle and has developed advanced capabilities to streamline adoption and deployment for joint customers. In addition, Vertex, an Oracle Cloud Build partner, has achieved Integrated with Oracle Cloud and Powered by Oracle Cloud Expertise. This means customers can rely on Vertex solutions being backed by the Oracle Cloud Infrastructure SLA, enabling full access and control over their cloud infrastructure services, as well as consistent performance.
Oracle and Vertex will jointly market and sell solutions in an alliance designed to expand Vertex’s existing global footprint and provide manageability and security at scale. Vertex’s solutions are available in the Oracle Cloud Marketplace, where customers can search for available applications and services to find the best business solutions for their organization.
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), visit us at: oracle.com.
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