LANHAM, Md., February 01, 2007 - Group 1 Software, Inc., a Pitney Bowes Company (NYSE:PBI), today announced the launch of GeoTAX.com (www.geotax.com), a free, online service that enables consumers and businesses to instantly determine and calculate local sales and use tax rates for U.S. addresses.
By entering street address and city/state or ZIP code information on the GeoTAX.com website, consumers and businesses receive an instant Tax Rate Report. The report validates and corrects address information, and identifies the applicable state, county, municipal, and other tax jurisdictions and associated tax rates. If the user chooses to enter an item value, the service also calculates the dollar amount of tax due on that item. Users can process up to 50 requests per 24-hour period at no cost.
“With the launch of GeoTAX.com, consumers and smaller businesses – who don’t have the sales volume to justify an enterprise-level solution – can now leverage the same technology that large companies are using to instantly determine and calculate sales and use taxes based on actual U.S. street addresses,” said Steve Walden, vice president of Business Geographics for Group 1 Software.
Added Walden, "With the Internet Tax Freedom Act set to expire in November of this year, coupled with growing movement by states to tax sales at the point of use, rather than the point of sale, consumers and small businesses need to have instant access to accurate, nationwide sales and use tax jurisdiction information. GeoTAX.com will help ensure that consumers and businesses have a resource to respond to such an eventuality.”
GeoTAX.com is based on Group 1 Software’s GeoTAX® software technology platform currently used by many enterprise businesses, including major telecommunication companies, to assign sales tax jurisdictions for hundreds of millions of bills per month. In addition, Group 1 Software recently announced the launch of its GeoTAX Enterprise Tax Management solution, which extends the GeoTAX platform functionality to also support payroll, business personal property, and insurance premium taxes.
Unlike other tax management technology, the GeoTAX platform 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 and GeoTAX.com online service provide a comprehensive suite of tax jurisdiction assignment solutions serving consumers and businesses of all sizes.
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.