Point of Rental Announces Partnership with Global Tax Specialist Vertex
Point of Rental Software announced its new partnership with Vertex Inc., a global provider of tax technology solutions. Its Point of Rental Elite dashboard now integrates with Vertex Cloud Indirect Tax, a SaaS tax solution that automates the end-to-end indirect tax process. As a Point of Rental partner, Vertex will initially support automated indirect tax calculations in North America with plans to expand support for global VAT transactions.
The integration between Vertex Cloud and Elite enables tax, accounting and finance resources at rental businesses serving many areas to spend less time managing complex and constantly changing tax codes across jurisdictions. The solution applies the latest taxability rates and rules to transactions in real-time and produces signature-ready returns, providing users with a seamless tax determination process, Point of Rental said.
“For many mid-size or larger rental companies working across states and even countries, tax compliance and management almost require a dedicated accountant just to track the ever-changing rules and requirements,” said Point of Rental CEO Wayne Harris. “This partnership will help free up time for your team to focus on higher-value work like growing the business and increasing revenue.”
“As the tax landscape continues to become more complex, equipment rental companies need to effectively manage tax rates and rules across multiple products, services, jurisdictions and channels,” said Chris Jones, chief revenue officer at Vertex. “Our automated tax solutions meet the needs of Point of Rental’s growing businesses, enabling them to deliver a seamless experience to customers at every touchpoint along their rental journey.”
To learn more about this partnership and integration, as well as Vertex indirect tax solutions, visit www.vertexinc.com. To learn more about the myriad solutions Point of Rental provides rental businesses, contact [email protected].
About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.