KING OF PRUSSIA, PA — Vertex Inc. (NASDAQ: VERX) has announced a significant enhancement to its e-Invoicing solution, introducing a unified platform that integrates Continuous Transaction Controls (CTC) and Periodic Transaction Controls (PTC). This update aims to simplify electronic invoicing and tax compliance for businesses navigating increasingly complex global regulations.
The enhanced solution streamlines key processes, including the exchange, clearance, e-archiving, and reconciliation of Value-Added Tax (VAT) filings. With e-invoicing mandates proliferating across jurisdictions, Vertex’s platform helps businesses meet diverse regulatory requirements while automating accounts payable and receivable transactions, indirect tax reporting, and VAT reconciliation.
“As e-invoicing mandates expand globally, businesses need a unified solution to manage cross-border transactions and compliance,” said David DeStefano, CEO of Vertex. “By integrating e-invoicing and VAT reporting into our cloud-based portfolio, we expand our capabilities to deliver end-to-end tax compliance, enhanced accuracy, and the scalability needed to adapt to evolving regulations.”
The growing adoption of digital tax reporting frameworks such as ViDA across Europe highlights the need for robust, scalable solutions. ViDA represents a major step forward for e-invoicing alongside broader tax digitization initiatives. Businesses operating in such environments increasingly rely on innovative platforms like Vertex e-Invoicing to handle diverse data standards, evolving mandates, and real-time reporting obligations without operational disruptions.
Simon Grosser, Business Operations Manager at TeamViewer, underscored Vertex’s value in supporting compliance for multinational enterprises. “We chose Vertex because of its extensive global market coverage and its ability to seamlessly integrate with our existing systems. By consolidating our global e-invoicing processes in one solution, we can ensure compliance with diverse regulatory requirements now and in the future, which is crucial to our global operations.”
Vertex’s enhanced e-Invoicing solution delivers a modern approach to tax compliance, equipping businesses with the tools they need to meet growing regulatory demands while maintaining efficiency in a competitive global marketplace.
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