In development for five years, CARIXA is a best-in-class enterprise product that has been tested by the diverse demands of Smyth's accounts receivable outsourcing operations for two years
South Plainfield, NJ (Vocus) December 25, 2009
Smyth Solutions LLC has introduced a cutting-edge solution that takes the burden of Sales & Use Tax Certificate Management off the shoulders of financial departments while reducing the possibility of Sales & Use Tax non-compliance and penalties.
Smyth has added the cost saving CARIXA SUM application to its revolutionary CARIXA Customer Financial Management platform for credit, accounts receivable, collection and deduction management technology, offered as a fully hosted, turnkey internet application (SaaS).
Because it is a tedious and labor intensive process, companies are often unable to keep Reseller Sales & Use Tax Certificates up-to-date. This comes at a stiff price, however, as failure to maintain required documentation results in unnecessary taxes and penalties, as well as hundreds of hours spent preparing for protracted audits. With CARIXA SUM, companies have the perfect solution that lifts their Sales & Use Tax compliance burden and allows them to focus their resources on other areas of importance.
Smyth Sales & Use Tax Certificate Management is a seamless online solution that can eliminate the headache and cost of collecting and managing certificates by combining expert staff with cutting-edge technology. Companies get a solution that eliminates the time spent requesting, collecting, updating and storing certificates - while maximizing compliance. With the Smyth Advantage, companies receive tax and financial expertise that will produce bottom line results.
“In development for five years, CARIXA is a best-in-class enterprise product that has been tested by the diverse demands of Smyth’s accounts receivable outsourcing operations for two years,” said Kristen Metzger, President of Smyth Solutions.
“CARIXA Sales & Use Tax Management Services takes a big step forward in reducing the administrative overhead costs, non-compliance and resulting tax penalties inherent in companies that have a large volume of customers. We outsource the time-consuming job of managing this administrative function with a completely on-line, accessible solution. Our services include:
- Importing customer accounts to our proprietary CARIXA platform, and updating it monthly
- Establishing a custom portfolio with rules and access permissions
- Obtaining, imaging and archiving certificates for access later if needed
- Implementing a follow-up and workflow process to renew them upon expiration
- Making all documents and histories available on-line, on demand in a customer portfolio
“Before Carixa SUM, financial departments had to manually obtain these certificates one at a time, file them, and follow-up on expiration, all very error-prone, time consuming, tedious, expensive and (now) unnecessary overhead.”
By putting Smyth’s experts and technology to work, companies can cut overhead and unnecessary penalties and taxes due to non-compliance, while enabling employees to boost productivity in other vital areas. Let Smyth do the job of eliminating the tedious task of managing Sales & Use Tax Certificates and enjoy peace of mind knowing that non-compliance tax penalties and intrusive audits are a thing of the past.
Built on 25 years of experience and 4 years of development, Smyth’s keystone CARIXA technology is an exceptional, comprehensive solution for customer financial management, including corporate credit, accounts receivable, collections, deductions, reconciliation and cash application. Built on decades of accounts receivable knowledge and industry best practices, this powerful turnkey system is offered as SaaS and is hosted to top corporate standards and security. Moreover, it requires no software or hardware investment, as CARIXA is entirely web-based.
With incredible ease of use technology, CARIXA enables automation of repetitive tasks with powerful work-flow tools, management dashboards and flexible reporting tools. Its peerless features will help companies improve financial performance and move more money to the bottom line. It is available as the system of record, or as a “bolt-on” for specific components, with customizable work-flow and powerful rules engine. With CARIXA, companies will:
- Automate accounts receivable operations
- Credit management decision-path
- Dramatically improve collections
- Improve DSO, cash flow and working capital
- Improve DDO and increase recoveries of deductions
- Identify root causes and profit losses from dilution
- Manage Sales & Use Tax Certificates
- Automate and manage POD retrieval
- Eliminate offline processes with its fully integrated features.
- Data integration with all systems
- Significantly reduce overhead
About Smyth Solutions
Smyth Solutions has roots back to 1906, and is a leader in the field of Credit, Accounts Receivable, Collection Management, Credit Data Interchange, and related enabling Internet technologies. Its solutions are targeted to create value based on customer requirements. These best-in-class solutions include comprehensive or targeted AR Outsourcing; expert Cash Flow, Deduction and Reconciliation Teams that will provide and immediate ROI; self-funding Deduction programs for recovery of lost profits; Reconciliation services to straighten account balances; AR Forensics to uncover hidden value; Consulting services to solve systemic problems, and the CARIXA AR Platform.
Smyth Solutions LLC
51 Cragwood Road Suite 200
So. Plainfield, NJ 07080
Tel: 201-714-4516 | Fax: 908-755-7451
Credit | Accounts Receivable Management | Commercial Collections | Technology
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