Get Ready to Brag
Found exciting new ways to use Vertex solutions to overcome business challenges and drive improved results? We want to hear from you—and shine a spotlight on your company’s leadership through Vertex’s 2017 Innovation Awards.
Each year, Vertex recognizes companies for using Vertex solutions in innovative ways to overcome business challenges and improve results.
Call for Nominations
Have a leading-edge approach to tax management with Vertex solutions? Nominate your organization for Vertex's 2017 Innovation Awards by Friday, June 9.
The awards recognize companies that have developed innovative ways to leverage Vertex solutions in their tax department to overcome business challenges and drive improved results.
Top entries will be announced as winners in July and their winning solutions will be featured in communications and promotions prior to the Exchange conference.
Again this year, attendees at Exchange will have an opportunity to vote for their favorite innovation. The "People's Choice" winner will be announced during Exchange, taking place from October 22 – 25 in San Diego, California.
All companies selected as winners receive:
- Complimentary registration for two (2) to Vertex Exchange 2017
- Complimentary travel and hotel accommodations for two (2) registered attendees
- A crystal award in the company’s name recognizing their achievement
- Recognition at Vertex Exchange in front of industry peers, and in all Vertex communications regarding the awards program, including media releases
How to Enter
Complete and submit the Vertex Innovation Awards Nomination Form by June 9, 2017. Winners will be notified in July.
Complete and qualified entries will be eligible to receive a $25 American Express Gift Card.
Entries must be completed in their entirety and meet the following eligibility requirements. Gift cards are limited and distributed on a first come, first serve basis. Names of entries not selected will be kept in strict confidence.
Eligibility to participate in the Vertex 2017 Innovation Awards program is limited to current Vertex customers and the nominated solution must be fully implemented at the time of submission. Nominations will be judged based on the following criteria:
- Innovation - The ability to demonstrate improvement over previous business operations using the technology to deliver recognizable, measurable and valuable results - providing true business benefit to the organization.
- Uniqueness - The solution implements a creative and unique “big idea.”
- Alignment - The program, process, or technology nominated supports overall organizational goals.
- Adaptation - The potential for the solution to translate into “best practices” application that can be adopted by other organizations.
- Cost effectiveness - The ability of the solution to maximize resources and provide scalability and cost savings.
Need inspiration? Check out last year’s winning innovations.
If you have any questions, please contact Tricia Schafer-Petrecz, Public Relations Manager at 484.595.6142.
2016 Innovation Award Winners
The 2016 Vertex Innovation Awards recognized six companies for technology innovation: ALDI Inc., Best Buy Co., Inc., Johnson & Johnson, Koppers Inc., The Coca-Cola Company and USAA.
2016 People's Choice Awards Winner
Many nominees. Six finalists. One company voted as the “People’s Choice.”
Conference attendees awarded Best Buy Co., Inc. the People's Choice Award for innovation and inspiration for their approach to tax management using Vertex solutions.
Best Buy Co., Inc.
Tax solutions that ‘check out’ for consumer electronics retailer
Winner for use of Vertex Indirect Tax O Series
Best Buy is a Fortune 100 multinational consumer electronics retailer focused on providing expert service at unbeatable prices. The retailer’s focus on innovative offerings to meet and anticipate customer needs for blending technology, service and content produces tax challenges. Best Buy attacked these challenges head on with a holistic and agile tax solution.
Innovation at Work
As Best Buy executes its strategic growth agenda, it has faced interesting tax challenges: When a customer purchases a mix of products and services, how could Best Buy associate related items and alter a tax calculation based on that grouping—while maintaining individual products’ tax characteristics when those products are sold alone? With the need for numerous beyond-the-basics tax attributes, how could the retailer orchestrate the collection and application of that data without compromising cross-channel efficiency and scalability? And, in the face of dozens of procurement channels—each with unique business processes—how could it automate governance and error resolution?
Collaborating with Vertex, Best Buy’s Tax team identified and implemented solutions that address those and related challenges. The company’s Solution Master is a custom cart analysis tool that monitors brick-and-mortar transactions to identify and resolve complex tax relationships. The solution analyzes multi-item product relationships and determines how they impact tax determination. With this configurability, Best Buy can continually create new rules that trigger a live-call to Vertex.
Best Buy also implemented the Tax Integration Service as a “hub” for compiling all critical inputs required for accurate tax determination across Best Buy’s sales channels. It simplifies management and maintenance of all information flowing into Vertex via a single control point while streamlining projects and decreasing the cost for future platform enhancements. Finally, Best Buy implemented Vertex Tax Links Integration with Oracle—a use tax solution focused on creating tax governance opportunities complemented by a highly configurable, scalable and maintainable solution.
In Their Words
“The Vertex solutions have minimized Best Buy’s tax liabilities, reduced future IT integration costs, provided a single integration point to Best Buy’s tax service and enabled Tax to react quickly to the company’s strategic growth offerings. Most importantly, these solutions empowered Tax to better support the business in its mission to grow revenue and enhance the customer experience.” –Jessica Nowlin, Senior Director, Indirect Tax