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Sabrix, Inc. and Binary Stream Partner to Deliver the Industry's First Outsourced Sales and Use Tax Solution for Companies Managing Multiple Entities and Locations in Microsoft Dynamics GP

American Software Leverages New Combined Offering to Achieve Significant Savings

SAN RAMON, CA -- (Marketwire) -- 09/17/09 -- Microsoft Certified Gold Partners Sabrix, Inc., a leading provider of transaction tax management for companies of all sizes, and Binary Stream, a leading provider of Microsoft Dynamics GP solutions, today announced the first outsourced, sales and use tax solution for companies managing multiple entities and locations in Microsoft Great Plains (GP).

In addition, the company announced that American Software, a developer of the industry's most comprehensive offerings of integrated business applications, has successfully implemented the new solution to manage their complex, multi-location sales and use tax operations, resulting in a significant savings over a five-year period.

The joint solution -- which combines Sabrix MTS, an outsourced sales and use tax service, and Binary Stream's Multi-Facility Processing add on for Microsoft Dynamics GP -- enables companies to automate the complex tax determination and calculation inherent in running a multi-location operation. Key benefits include streamlined reporting, significantly reduced exposure and costs of audits, and the ability to redeploy staff on other strategic initiatives. Additionally, both companies are Microsoft Gold Certified Partners offering existing Microsoft GP customers the highest degree of confidence in the joint solution.

"We tried to address the tax complexities of running a multi-location business with other tax vendors, but only Sabrix was able to deliver the technology and tax expertise that we needed," said Herman Moncrief, Corporate Controller of American Software. "The integration between the two systems was seamless and was one of the easiest we've experienced. Within weeks we were able to entrust our entire sales and use tax compliance process to Sabrix MTS."

"Our customers have multiple facilities and therefore more complex business operations and tax needs," said George Tonzetich at Binary Stream. "Sabrix MTS is a terrific complement to Binary Stream's solutions as it supports the tax complexities associated with this business model, but without the associated hassle and costs."

Sabrix MTS combines an on-demand version of the trusted tax platform that powers over $1.7 trillion in transaction taxes for companies of all sizes, with service from a multidisciplinary team of tax experts and SAS 70 certified processes. Acting as an extension of a company's finance department, Sabrix MTS' tax experts, proven software, and best practices minimize the hassle, reduce the costs, and limit audit exposure of sales tax compliance.

"As a trusted and leading provider of Microsoft Dynamics GP products and services, we are thrilled to form such a ground-breaking alliance with Binary Stream," said Pam Kostka, SVP of Corporate Marketing, Sabrix. "Binary Stream and Sabrix MTS are logical complements -- we both strive to take complex business processes and make them easier and more efficient for our joint clients."

Binary Stream, Sabrix and American Software will showcase the joint solution at the Microsoft Dynamics GP User Group (GPUG) (http://www.dynamiccommunities.com/summit2009/ gpug/summithome09.asp), September 14-18 in Chicago, IL. For more information visit: www.sabrix.com or contact sales@sabrix.com.

About Binary Stream

Since 1999, Binary Stream has been creating powerful software solutions across various industries for Microsoft Dynamics GP customers of all sizes. With humble beginnings as a custom development vendor, they have become a leader in developing innovative products specifically for Microsoft Dynamics GP that focus on streamlining critical business processes such as centralized intercompany transaction processing and mass billing/collections management. With a longstanding reputation as business management systems experts or ERP solution experts, Binary Stream has helped increase the value of Microsoft Dynamics GP for organizations around the world.

With over 20 product offerings and targeting industries such as Healthcare, Professional Services, Real Estate, Financial Services, Manufacturing, and Distribution, Binary Stream's team is committed to delivering the right software solutions to help Microsoft partners and customers succeed. With over 500 successfully completed projects, over 150 partners worldwide and recognition from Microsoft as a member of their president's club, Binary Stream is committed to developing best-of-breed business solutions that meet the ERP needs of businesses worldwide.

About Sabrix, Inc.

Sabrix, Inc. is a leading provider of transaction tax management for companies of all sizes, enabling finance, tax, and IT professionals to achieve accurate, timely, and cost-effective compliance for sales tax, use tax, Value Added Tax (VAT), excise tax and industry-specific taxes and fees. The Sabrix Application Suite(TM) serves global enterprises such as Amazon.com, BASF, Cisco, DTE Energy, IBM and York International. The Sabrix Application Suite seamlessly connects to all financial applications requiring the determination, calculation, and recording of transaction taxes. The company also offers the Sabrix Managed Tax Service(TM) (MTS), an outsourced transaction tax compliance service that helps finance departments of small-and-medium-sized businesses eliminate the hassle, control their audit exposure, and reduce the total cost of sales tax, use tax, and VAT compliance. Sabrix MTS seamlessly integrates with a company's existing accounting and e-commerce systems, and, similar to outsourced payroll services, operates as a trusted extension of a company's finance department to address tax compliance from start to finish: address validation, tax rate maintenance, tax determination and calculation, returns preparation and filing as well as audit research and documentation. For more information, please visit http://www.sabrix.com.

Sabrix, Sabrix Application Suite, Sabrix Managed Tax Service and Sabrix MTS are trademarks of Sabrix, Inc. All other company and product names are trademarks or registered trademarks of their respective holders.

For press inquiries:
Aimee Quemuel
Codey Communications
415-753-9005
Email Contact

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