As one of Infobank’s premier technology partners, TAXWARE provides an international tax calculation engine that can be integrated into Infobank’s InTrade 5 B2B e-Commerce software platform.
TAXWARE’s software captures tax data from the user’s accounting package, performing tax calculations and producing audit trails for the generation of reporting and compliance. Interfacing directly to major financial accounting packages, TAXWARE’s systems have been benchmarked as the most accurate and rapid processing in the industry today.
We are pleased that Infobank is offering off-the-shelf integration of our tax calculation technology with their InTrade 5 software to provide customers a significant advantage over their competitors, said Caitlin Sullivan, vice president of business development, TAXWARE International, Inc. InTrade is unique in its approach to e-Commerce by solving the problems many customers confront today; such as speed of implementation and ease of integration into inherent systems.
Infobank recently announced the general availability of InTrade 5, which provides powerful support for closely-managed private exchanges and public marketplaces, while also allowing companies of all sizes and from diverse industries to grow as their e-Commerce initiatives evolve.
Up front integration of industry-leading technologies, such as TAXWARE, with the InTrade 5 solution, enables Infobank customers to achieve quicker implementation and faster market entry, and thereby realize a faster return on investment. This new approach to integration is redefining e-Commerce.
This partnership is a prime example of Infobank’s unparalleled approach to integrating best-of-breed technologies from the most experienced and well-regarded industry leaders in the world, said Brian Savage, president and chief operating officer of Infobank’s North American operations. By incorporating TAXWARE’s sophisticated solution into InTrade’s flexible platform, our customers will have the convenience of automating tax compliance with speed and accuracy through one unified package.
To date, Infobank’s more than 40 customers represent a diverse array of industries, ranging from office supplies to energy to pharmaceuticals to sporting goods to aerospace. In the United States, InTrade is uniquely suited to middle market companies defined with annual revenues between $100 million and $1 billion, a fast-growing segment of the market that has previously been thwarted by costly and inflexible offerings.
Embedded in Infobank’s technology and approach is multi-language and multi-currency functionality, as well as a firm knowledge of cultural and international trading considerations, enabling companies to transact with buyers and suppliers around the world.
