Pitney Bowes' Group 1 Software Introduces GeoTAX(R) Enterprise Tax Management Solution
LANHAM, Md., January 09, 2007 - Group 1 Software, Inc., a Pitney Bowes Company (NYSE:PBI), today introduced its GeoTAX® Enterprise Tax Management solution, enabling businesses to reduce the guesswork in tax jurisdiction assignment for sales and use, payroll, business personal property, and insurance premium taxes.
The GeoTAX Enterprise Tax Management solution is specifically designed to address the two primary challenges in tax jurisdiction assignment – maintaining current jurisdictional boundary information down to the municipal, school and special tax district level, and efficiently matching those boundaries with employee, customer or business addresses.
Unlike other tax management products, the GeoTAX Enterprise Tax Management solution leverages Group 1 Software’s industry-leading geocoding technology to assign tax jurisdictions based on actual street addresses, rather than postal ZIP Code information, for greater assignment accuracy. In combination with Group 1 Software’s industry-leading data quality tools and tax jurisdiction files, the GeoTAX Enterprise Tax Management solution provides a total solution for more precise tax jurisdiction assignment across the enterprise, helping businesses reduce tax misfilings, financial risks and regulatory liability, and save considerable tax research and tax management costs.
“In many cases, local tax geographies are not limited to counties and municipalities, but include more granular areas, such as school, fire, and other special tax districts,” explained Steve Walden, vice president of Business Geographics for Group 1 Software. “These special tax districts don’t follow ZIP code boundaries and they change on a regular basis, so address-level geocoding, combined with complete and updated boundary information, is the only way to ensure more accurate assignment.”
Added Walden, “Our clients are astounded when we demonstrate for them the number of employee or customer addresses that they have wrongly assigned in their databases. If not corrected, these misassignments can lead to significant issues related to employee tax withholdings, property tax filings, and other tax liabilities.”
The GeoTAX Enterprise Tax Management solution is based on Group 1 Software’s field-proven GeoTAX software technology currently used by many companies, including major telecommunication companies, to assign sales tax jurisdiction for hundreds of millions of bills per month. Utilizing a modular design, the GeoTAX Enterprise Tax Management solution now provides the same standard of excellence for payroll, business personal property, and insurance premium taxes.
In addition, the GeoTAX Enterprise Tax Management features easy integration with existing systems and processes, and support for all major enterprise platforms, including mainframes, AS 400, Unix, Linux, and NT, as well as client/server and web-enabled options.
About Group 1 Software
Group 1 Software (www.g1.com) turns data into results, providing innovative software solutions that enable our clients to better understand and connect with their millions of customers, prospects, and partners. Group 1 Software helps over 3,000 organizations maximize the value of customer data to improve profitability, increase effectiveness, and strengthen customer relationships, through consolidating, cleansing and enriching corporate data, and generating personalized business documents for multi-channel delivery, customer care and efficient business processing. Our comprehensive Customer Communications Management (CCM) solutions span from database to delivery, adding value to every aspect of communication and allowing clients to integrate intelligence throughout their mailstream. As part of Pitney Bowes (NYSE:PBI), a $5.6 billion company, Group 1 Software’s solutions are utilized by leaders in the insurance, financial services/banking, GIS/mapping, government, mail services, retail, telecommunications, utility, and other industries, including Entergy, ING, L.L. Bean, MapQuest, Microsoft, Safeco Insurance, Wal-Mart and Wells Fargo.
GeoTAX, Group 1, Group 1 Software, and the Group 1 logo are trademarks or registered trademarks of Group 1 Software, Inc. Pitney Bowes and the Pitney Bowes Process Bar Design are trademarks or registered trademarks of Pitney Bowes, Inc. All other brand names and trademarks are the property of their respective owners.