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ARQA Technologies

ARQA is a part of a global structure, that connects a broker`s technological area with technological areas of exchanges and trading platforms.

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IBM and Banco de Credito del Peru Announce Strategic IT Services Partnership With Total Contract Value of More than US $100M

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RFP News

SpeedTax Implements Sales Tax Application With NetSuite's Cloud Computing Platform

Published on 30 Sep 2010

SpeedTax, a provider of Software-as-a-Service (SaaS), fully-automated sales tax solutions, announced the integration of its SpeedTax application with the NetSuite cloud computing platform from NetSuite Inc. Built using NetSuite's SuiteCloud development platform, the combined solution lets NetSuite customers fully automate their sales and use tax compliance and management processes, cutting the administrative time and costs associated with manual calculations, and avoiding costly penalties for non-compliance.

“Keeping up with the ever-changing regulations of the more than 13,000 taxing jurisdictions nationwide poses a significant challenge to any business that sells products or services,” said Anton Donde, CEO at SpeedTax. “Our integration can help businesses of all sizes reduce the headaches and overhead, as well as the audit risks, posed by sales and use tax management and compliance, while also reaping the benefits of lower total cost of ownership associated with Software-as-a-Service applications.”

SpeedTax performs real-time, automated sales and use tax calculations, automatic returns preparation and filing, and reporting, treasury management, and audit defense. SpeedTax automatically updates tax rates and rules when they change, and because SpeedTax is a SaaS application, its startup and maintenance costs are lower than the cost of installing a complete on-site sales tax software solution.

Source: Business Wire