KING OF PRUSSIA, PA — Vertex, Inc. (NASDAQ: VERX) this week announced its partnership with Shopify Inc. (NYSE, TSX: SHOP), a provider of essential internet infrastructure for commerce.
This partnership will enable enterprise merchants using the Shopify Tax Platform for business-to-business (B2B) and business-to-consumer (B2C) sales to automate tax calculation and compliance on a global scale. The SaaS-based solution removes barriers to commerce growth and accelerates the transaction process by eliminating the need to manually update complex rates and rules for over 195 countries, including seller’s use tax, goods and services tax and value added tax.
As the first global tax technology partner to join the Shopify Tax Partner Platform, Vertex offers growing businesses a single, unified global solution to streamline the complexities of cross-border indirect tax.
“Our goal is to help organizations transform their business operations to deliver a unified commerce experience,” said Vertex Chief Commercial Officer, Chris Jones. “With the integration of Vertex solutions, enterprise retailers using Shopify can help ensure that tax is applied accurately and consistently regardless of how, when or where their customers transact.”
Vertex’s partnership with Shopify comes as the commerce leader continues to ramp up its product innovation in the enterprise market. Shopify powers 10% of U.S. ecommerce and was recently recognized as a Leader in the 2023 Gartner® Magic Quadrant™ in Digital Commerce, the go-to resource for decision-makers in enterprise commerce, and placed highest in ability to execute.
“By welcoming Vertex as a Shopify Tax Platform Partner, we are addressing the unique complexities of selling across multiple global tax jurisdictions and in niche categories with a service that is flexible enough to grow with enterprise businesses,” said Bobby Morrison, Chief Revenue Officer at Shopify. “Together, Vertex and Shopify are expanding on the value we bring to enterprise retailers, empowering companies to transact, comply and scale with confidence.”
For more information about the Vertex integration to Shopify, visit https://www.vertexinc.com/partners/shopify.
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