OVERLAND PARK, Kan.--(BUSINESS WIRE)--BillSoft, Inc., the national leader in the indirect tax technology industry, announced today that it processed 2.36 billion tax transactions using its EZTax licensed product.
EZTax is BillSoft’s flagship product and is the most comprehensive transaction tax package available. EZTax calculates hundreds of taxes for more than 70,000 tax jurisdictions and handles tax rates for more than 85 countries. Jim Johnston, BillSoft’s Director of Software Engineering, said, “We are constantly upgrading our systems so we have the fastest, most reliable tax software in the industry. This benchmark proves we constantly work to bring the best products and services to our customers.”
The company also announced that, in the year spanning August 2010 to July 2011, BillSoft gained 86 new contracts. BillSoft CEO Tim Lopatofsky said, “We continue to show the marketplace that we have the expertise and product mix it demands. Our commitment to servicing current and new customers is showing in the consistent year to year growth of BillSoft in the telecom and sales and use markets.”
BillSoft reported an annualized growth of 18% and a net profit of 9% for its fiscal year that ended March 31, 2011. Founded in 1997, BillSoft provides value to clients through innovation, best of class solutions to challenging tax issues and by providing support to clients in telecom and a variety of other industries. For more information about BillSoft, please visit www.billsoft.com.
BillSoft and EZTax are registered trademarks of BillSoft, Incorporated.