Vertex Lease Tax O Series is the tax calculation solution designed to automate the taxability and ongoing maintenance of rental and leasing rules.
Solution Profile
Vertex Lease Tax O Series enables tax process automation through: • Intuitive taxability setup through Vertex supplied or user-defined tax rules • Sales tax calculation logic for short and long term vehicle leases/rentals • Product categories supporting standard and non-standard rules, rates, surcharges and fees for the equipment and vehicle leasing industries • Capacity to apply or create appropriate rules for a variety of leases • Ability to return to the calling program multiple impositions of taxes, fees and surcharges for lease or rental transactions involving motor vehicles • Enhanced jurisdiction identification capabilities that recognize taxing districts in unincorporated areas in addition to standard state, county, and city data • Audit trails supporting all tax decisions • Role-based security to comply with Sarbanes-Oxley • Customized reporting solutions for meaningful and proactive data analysis • Simplified Java API integration with the financial system using XML for standard data exchange • Flexible deployment options for a full range of environments, including web services • Advanced technology that allows for easier implementation and maintenance within the corporate IT infrastructure
Distinguishing Features
* Vertex Lease Tax O Series provides calculation for sales taxes in addition to any surcharges and/or fees that may be associated with the contract. * Vertex Lease Tax O Series contains pre-populated rules for the most common dimensions for lease transactions, namely equipment weight and lease duration. * Vertex Lease Tax O Series lets you easily set up the system with company specific data through an intuitive product category hierarchy with supporting jurisdiction-specific rules. Product identifiers or codes from your financial system can be associated or mapped to these categories.
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* Vertex Lease Tax O Series provides calculation for sales taxes in addition to any surcharges and/or fees that may be associated with the contract.
