HOUSTON - Zytax, a wholly-owned subsidiary of FuelQuest and leading supplier of indirect tax automation software, announced today the general availability of Zytax ZMS Compliance 5. This major release of its flagship product automates the end-to-end motor fuels tax filing process for large and small filers and is now available as a Software as a Service (SaaS). With ZMS Compliance 5, customers can gain greater tax filing consistency and reliability while reducing processing costs and risks.
"Zytax ZMS Compliance 5 makes major strides in terms of features and usability," says Jenni Harrison, Tax Accountant III at Brookshire Grocery Company. "We are excited to see Zytax continue to innovate and provide best-in-class automation software that meets the unique tax requirements of my business. The addition of Software as a Service support is illustrative of why Zytax leads the market."
Zytax ZMS Compliance 5 automates transactional import, schedule and return generation, and multi-format filing including EDI, XML, Excel, and paper. Zytax also provides automated updates of the constantly changing rates, rules, and forms for all major jurisdictions, driving greater filing accuracy. Key new features include:
Software as a Service - Enables secure, web-based filing of motor fuels excise taxes with minimal IT investment
Enhanced Troubleshooting - Simplifies identification and update of schedule transaction, return, and filing errors with context sensitive help
Dynamic Workflows - Enables customizable workflow automation for business processes associated with fuel tax filing including review, approval, and event notification
Common Platform - Provides a single repository for rates, forms, and rules across all Zytax products and delivers enhanced security, performance, multi-user support, and audit logging.
"The new ZMS Compliance 5 release is a major step forward for filers who want ease of use and access to best-of-breed software without incurring a heavy IT burden," said Tim Blaney, Zytax's vice president of technology. "With our new SaaS option, any sized fuel supplier, retailer, fleet, or other filer can now easily gain greater tax processing efficiencies and accuracy from our proven automated tax solution."
Zytax ZMS Compliance 5 is available now.
Zytax, a wholly owned subsidiary of FuelQuest, Inc., supplies strategic software automation solutions for global indirect tax determination and excise motor fuel compliance for the energy industry. Zytax solutions provide complete visibility across the tax organization increasing the ability to track, forecast and report tax obligations while mitigating risk and reducing fines, fees, and penalties. Headquartered in Houston, Texas, ytax has served the energy industry for more than 14 years, providing excise and specialty tax solutions for more than 700 installed customers. Zytax processes billions of dollars of motor fuel excise taxes per year. For more information call 713.222.5700 or visit www.zytax.com.