August 2, 2004
FOR IMMEDIATE RELEASE
Sabrix and Ryan & Company Partner to Provide BASF with Transaction Tax Software and Services.
San Ramon, California - Sabrix, Inc., a leading provider of enterprise tax applications,
announced that BASF Corporation, the world's leading chemical company, has selected the Sabrix
Application Suite as their transaction tax management solution. BASF will use the Sabrix Suite
and integrated tax research for managing U.S. sales and use tax. This is the first joint
customer win to come from Sabrix's recent strategic alliance with Ryan & Company, Inc.,
America's largest independent state and local tax consulting firm.
Given today's rapidly changing and complex tax compliance requirements, BASF needed a
centralized transaction tax management system to quickly react to and absorb tax and
business changes, while maintaining a high degree of compliance. By eliminating manual
processes the Sabrix Application Suite allows BASF's tax professionals to reduce the
overall cost of compliance, and spend more time on critical tax strategy and planning
activities. BASF will streamline its tax compliance processes by automating tax
determination, calculation and recording for all sales, requisition, purchase, payment
and goods movement transactions, through integration of the Sabrix Suite with their SAP
ERP system.
"We wanted one centralized tax management solution for improved tax determination accuracy
and streamlined compliance, reducing time spent on audit support and administration," said
Phil Kaplan, senior vice president and treasurer for BASF in North America. "After extensive
evaluations, Sabrix met all our requirements. Our tax team can also maintain the Sabrix
system without IT involvement, providing the lowest total cost of ownership."
Ryan & Company was selected to integrate the Sabrix Application Suite with BASF's SAP
ERP system. Ryan & Company will utilize their proprietary tax automation methodology to
ensure accurate transaction tax calculation and compliance with Sabrix. According to G.
Brint Ryan, Managing Principal, Ryan & Company, "The partnership with Sabrix enables us
collectively to provide precision tax decision automation with enterprise-class
performance and integration for automating BASF's complex tax transactions and
compliance needs. We are very pleased that BASF, a long-time client of Ryan &
Company, was the first customer win from our alliance."
"BASF's tax professionals need to respond quickly to changes in tax law and
company-specific requirements and processes, while spending more time on strategic
activities, like tax planning," said Steve L. Adams, president and CEO of Sabrix.
"The unique combination of the Sabrix Application Suite and integrated tax research,
along with the value-added services from Ryan & Company's tax professionals, is ideally
suited to meet BASF's tax management simplification and cost savings objectives."
To support the complex and rapidly changing tax needs of multinational and complex domestic
corporations, Sabrix provides enterprise software and integrated global tax research for
automating all U.S. sales and use tax, and international VAT for more than 120 countries.
The Sabrix Solution is a centralized application that seamlessly connects to all business
applications enterprise-wide, delivering management and control over all transaction taxes
to the tax professional. For more information about the Sabrix Application Suite or Sabrix
tax research call 1-866 4-SABRIX (for U.S.), or +1-925-543-0110 (for international).
Information is also available online at www.sabrix.com.
About BASF
BASF - The Chemical Company. We don't make a lot of the products you buy.
We make a lot of the products you buy better.®
BASF Corporation, headquartered in New Jersey, is the North American
affiliate of BASF AG, Ludwigshafen, Germany. We employ about 11,000 people in North
America and had sales of approximately $9 billion in 2003. For more information
about BASF's North American operations, or to sign up to receive news releases by
e-mail, visit www.basf.com/usa.
BASF is the world's leading chemical company. Our goal is to grow profitably and
further increase the value of our company. We help our customers to be more successful
through intelligent system solutions and high-quality products. BASF's portfolio ranges
from chemicals, plastics, performance products, agricultural products and fine chemicals
to crude oil and natural gas. Through new technologies we can tap into additional market
opportunities. We conduct our business in accordance with the principles of sustainable
development. In 2003, BASF had sales of approximately $42 billion and over 87,000
employees worldwide. Further information on BASF is available on the Internet at
www.basf.com.
About Ryan & Company
Ryan & Company is America's largest independent state and local tax consulting firm.
Headquartered in Dallas, Texas, the firm provides a comprehensive range of state and local
tax services on a multistate basis, including audit defense, tax recovery, tax decision
automation, dispute resolution, and strategic planning. With more than 350 professionals
and associates in 15 locations throughout the United States, Ryan & Company serves many
of the world's most prominent Fortune 1000 companies.
About Sabrix
Sabrix, Inc. is a leading provider of enterprise tax software and world-class tax
research that enables Global 2000 companies to lower the total cost of tax compliance
through the centralized management of U.S. sales and use, and international value-added
taxes (VAT). The Sabrix Application Suite provides complete solutions for all financial
applications that require the determination, calculation, and reporting of U.S. sales and
use tax, and international VAT for more than 120 countries. The Sabrix Application Suite
seamlessly integrates with sales and purchasing applications and unlocks the value of
existing ERP platforms by centralizing tax determination and providing a single
compliance and audit database for corporate tax organizations. Sabrix is committed to
empowering tax professionals by ensuring complete visibility and control over indirect
taxes, eliminating risks and exposures, facilitating tax planning and optimization, and
delivering a guaranteed return on their technology investment. For more information on
Sabrix Sales and Use, Sabrix VAT, or Sabrix Global Tax Management solutions, visit
www.sabrix.com.
SABRIX MEDIA AND ANALYST CONTACT:
Jill Dornan
Press Relations
Sabrix Inc.
503-262-6505
jill.dornan@sabrix.com
RYAN & COMPANY PRESS INFORMATION CONTACT:
G. Brint Ryan
Ryan & Company, Inc.
972.934.0022
brint.ryan@ryanco.com
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