Vertex expands tax software integrations across major platforms

KING OF PRUSSIA, Pa. - Vertex Inc. (NASDAQ:VERX), a $5.3 billion market cap tax technology provider with impressive 15.2% year-over-year revenue growth and a robust 64.5% gross profit margin, announced new certified integrations and enhancements to its indirect tax solutions portfolio, expanding connectivity across multiple business platforms. According to InvestingPro data, while the company is currently operating at a loss, analysts expect profitability by year-end.

The tax technology provider has released new integrations with SAP, Oracle, Coupa, and Shopify systems, designed to improve tax determination accuracy for global transactions, according to a press release statement issued Thursday. These developments come as the company’s stock has experienced a significant 37.9% decline over the past six months, though InvestingPro analysis indicates strong fundamental potential with multiple growth catalysts identified in their comprehensive Pro Research Report.

Among the key updates, Vertex introduced Brazil tax reform readiness capabilities that simultaneously support current and future Brazilian tax determination in a single system. The company also expanded its tax content with over 300 new categories for metals, minerals, construction, and sales tax holiday automation.

The latest release includes Vertex Accelerator+ for SAP ERP, now certified on SAP S/4HANA Cloud, Private Edition via the SAP Add-On integration scenario for RISE with SAP. Additionally, Vertex O Series for SAP S/4HANA and SAP ECC is now integrated on Business Technology Platform.

For e-commerce and procurement, Vertex enhanced its Shopify integration with cross-border tax logic updates for import compliance and complex retail scenarios. The Coupa integration now offers global procurement tax management with enhanced cross-border capabilities.

"By expanding our integrations and enhancing automation, we’re equipping our customers to manage tax with greater efficiency," said Uwe Sydon, Senior Vice President of Product Management at Vertex. For investors seeking deeper insights into Vertex’s valuation and growth prospects, InvestingPro offers exclusive access to detailed financial health scores and 10+ additional ProTips that can help inform investment decisions.

The company also introduced Vertex Copilot, an AI-powered assistant, and Vertex Express Returns for U.S. and Canadian indirect tax compliance. Other enhancements include leasing certificate support, bulk VAT ID validation across 67+ countries, and automated exchange rates for VAT compliance.

Vertex’s e-invoicing solution now includes pre-built support for Oracle Cloud ERP, Oracle e-Business Suite Release 12, and SAP platforms.

In other recent news, Vertex Inc. reported impressive financial results for the first quarter of 2025, surpassing analyst expectations with an earnings per share (EPS) of $0.15 against a forecast of $0.13. The company’s revenue reached $177.1 million, slightly above the anticipated $176.87 million, marking a 12.9% year-over-year increase. This growth was driven by strong performance in subscription and cloud services, with cloud revenue surging by 29.6% and subscription revenue climbing by 14.4%. Despite these positive results, Vertex’s stock experienced a slight decline, reflecting mixed investor sentiment. In other developments, DA Davidson reiterated its Buy rating for Vertex, maintaining a price target of $50, citing the company’s consistent organic Annual Recurring Revenue (ARR) growth and robust cloud segment performance. The firm emphasized Vertex’s steady market position and strategic direction as key factors in its growth potential. Additionally, Vertex announced strategic investments in AI and e-invoicing, positioning itself for future growth amid global regulatory changes. The company remains optimistic about its financial outlook, projecting second-quarter revenue between $182 million and $187 million and full-year revenue between $760 million and $768 million.

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