IDS enhances ProFinia

International Decision Systems (IDS) has incorporated Vertex Indirect Tax O Series, a tax solution by UK tax software specialist Vertex, with its ProFinia lease software. The integrated solution will allow leasing companies to manage all tax events across the transaction lifecycle, providing automation, compliance and reporting. IDS director of product management Katie Emmel said the tax solution had been developed to address the challenges of ever-changing tax regulations that put a large burden on the tax departments of equipment finance companies.

International Decision Systems (IDS)
has incorporated Vertex Indirect Tax O Series, a tax solution by UK
tax software specialist Vertex, with its ProFinia lease
software.

The integrated solution will allow
leasing companies to manage all tax events across the transaction
lifecycle, providing automation, compliance and reporting.

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IDS director of product management
Katie Emmel said the tax solution had been developed to address the
challenges of ever-changing tax regulations that put a large burden
on the tax departments of equipment finance companies.

Vertex O Series includes leasing
specific content such as more than 60,000 rules for leasing,
including international rules, tax support including VAT and
up-front taxes, and rates and rules updated monthly.

IDS’s new website went live in August
at http://www.idsgrp.com/. The
new site includes an improved platform with support resources for
global customers, and will provide access to web training section
for clients.