Outsourced sales and use tax solution offers greater control and visibility, and expanded integration options enable companies to easily achieve compliance with confidence

SAN RAMON, CA – May 27, 2009 – Sabrix, Inc., a leading provider of transaction tax management for companies of all sizes,today announced the availability of the Spring 2009 version of Sabrix Managed Tax Service (MTS).  Combining an on-demand version of the same trusted tax platform that powers over $1.7 trillion in transaction taxes for companies worldwide, service from a multidisciplinary team of tax experts and SAS 70 certified processes, the latest version of Sabrix MTS™ is focused on helping companies achieve compliance with confidence without sacrificing visibility or control.  As a software as a service offering, Sabrix MTS Spring 2009 is automatically available to existing clients at no additional fee.

“Being able to easily adapt to a dynamic market — whether we add another business line, need to integrate with a new technology or have to comply with a tax law change — is critical to the success of our growing business,” said Christine Vetrano, CFO of Metro Door.  “Regardless of the changes we encounter, we know that Sabrix MTS will enable us to achieve compliance with confidence without the operational hassles of maintaining the tax function in-house.”

Sabrix MTS Spring 2009 feature highlights include:

• Upgrades to the tax technology platform including a new easy-to-use interface and enhanced reporting capabilities that enables clients to:
  • Easily modify tax policy such as adding a product line or customer across business systems from a central location.
  • More closely monitor and track exemption status.
  • Tie the general ledger to the returns process for even better audit trails.
• Additional integration options:
  • MTS Connect supports customers with a flexible, near real-time option for getting accurate tax calculations when and where they need it.
  • Pre-built, certified, real-time integrations with common ERP systems from leading companies such as SAP, Oracle and Microsoft.
  • Both Java and Microsoft .Net Software Developer Kits to support real-time integration with e-commerce and custom applications.
• Expanded tax services including:

• • Taxcasts – weekly state-by-state audio casts to educate companies on the latest tax changes.
  • Nexus studies - Sabrix’s team of sales tax experts review your business activities, interpret state laws and deliver a complete sales tax nexus report with analysis.
  • Sales and use tax blog – Regular access to insights and analysis from Sabrix tax experts on common legislative and related tax news.
  • Tax rate changes – Ongoing updates on new authorities and rate changes broken down by state, with 360 through May 2009 alone.

“While outsourcing in general is not a new concept, outsourcing the tax function is just starting to become common practice,” said Pam Kostka, Senior Vice President of Corporate Marketing of Sabrix.  “Similar to outsourced payroll services, Sabrix MTS operates as a trusted extension of a company’s finance team enabling companies to achieve compliance with confidence, while maintaining visibility and control.”

Pricing and Availability

Sabrix MTS is available now.  Pricing is on a subscription basis and is based off a company’s transaction tax complexity.  For more information, visit http://www.sabrix.com/managedtaxservice.

About Sabrix

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 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™ (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.

For press inquiries:

Aimee Quemel
Codey Communications
aimee@codeycommunications.com

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