KING OF PRUSSIA, PA — Vertex, Inc. (NASDAQ: VERX) has been recognized as a Leader in three IDC MarketScape reports for 2024. The company earned this distinction in categories covering SaaS and cloud-enabled sales, use tax, and value-added tax (VAT) automation software.
The reports include the following Vendor Assessments issued by IDC MarketScape in December 2024:
- Worldwide SaaS and Cloud-Enabled Sales and Use Tax Automation Software for Enterprise
- Worldwide Value-Added Tax Management Applications
- Worldwide SaaS and Cloud-Enabled Sales and Use Tax Automation Software for Small and Midmarket
This recognition underscores Vertex’s position as a trusted partner for businesses navigating the growing complexity of global tax compliance.
“We are honored to be named a Leader in multiple segments of the IDC MarketScape for SaaS and Cloud-Enabled Tax Automation Software,” said Vertex CEO David DeStefano. “This recognition highlights the continuing growth of our portfolio and capabilities as we simplify compliance and address the evolving needs of diverse businesses in an increasingly complex tax environment.”
Supporting Businesses Across Dynamic Markets
For decades, Vertex has delivered advanced tax solutions, helping companies streamline operations, ensure compliance, and adapt to the challenges of a changing economy. By offering tools for accurate tax determination and seamless integration with modern business models, Vertex has proven its commitment to empowering organizations of all sizes.
IDC’s analysis highlighted Vertex’s customer-focused approach and ability to deliver industry-leading tax content and real-time reporting features. Kevin Permenter, Senior Director of Enterprise Applications Research at IDC, emphasized the importance of innovative tax management tools in today’s business environment.
“For growing businesses facing global tax complexities, investing in intelligent, automated, end-to-end tax management tools is essential,” said Permenter. “Vertex leverages deep expertise in enterprise-level tax software, offering industry-leading content, real-time reporting capabilities, and a customer-focused approach to help navigate and adapt to the evolving landscape of global commerce.”
A History of Excellence
This recent recognition builds on Vertex’s prior success in the Leaders Category of IDC MarketScape reports, including distinctions in sales and use tax and VAT automation for 2021 and 2019. Vertex remains a trusted partner for organizations worldwide, reinforcing its leadership in an increasingly digitized tax management space.
By staying at the forefront of tax technology, Vertex continues to simplify compliance and contribute to the operational efficiency of businesses across industries. Through its innovative solutions, the company reaffirms its mission to help businesses thrive in the global economy.
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