Point of Rental Software adds tax calculation to offer

By Belinda Smart16 March 2021

Point of Rental Software has added tax calculation to its offering following a new partnership with Vertex, a provider tax software and technology.

The partnership means Point of Rental’s Elite dashboard now works with Vertex Cloud Indirect Tax, a SaaS (software as a service) product that automates the end-to-end indirect tax process.

According to Point of Rental, the inclusion of Vertex Cloud into the Elite dashboard will make rental businesses’ tax, accounting and finance functions easier and more streamlined, particularly when operating in markets with different tax codes.

The system applies up-to-date taxability rates and rules to transactions in real time and produces signature-ready returns.

The addition of Vertex will initially be offered in North America, with Point of Rental planning to expand support for global VAT transactions at a later date.

“For many mid-size or larger rental companies working across states and even countries, tax compliance and management almost require a dedicated accountant just to track the ever-changing rules and requirements,” said Point of Rental CEO Wayne Harris.

“This partnership will help free up time for your team to focus on higher-value work like growing the business and increasing revenue.”

“As the tax landscape continues to become more complex, equipment rental companies need to effectively manage tax rates and rules across multiple products, services, jurisdictions and channels,” added Chris Jones, chief revenue officer at Vertex.

The automated solution would facilitate tax calculations for Point of Rental customers across their rental journey, he said. 

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, Access International Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Rentaire Spain buys 109 JCB scissor lifts
Equipment order will replace Rentaire’s existing scissor lift offering
ALL Aerials restocks with 100 MEWPS
US company restocks with electric vertical mast, diesel scissors and boom lifts from Skyjack, JLG and Genie
Kranpunkten adds 250 electric scissors
Quiet machines respond to demand from interior buils in large construction schemes 
CONNECT WITH THE TEAM
Euan Youdale Editor, Access International Tel: +44 (0)1892 786 214 E-mail: euan.youdale@khl.com
Ollie Hodges Sales Manager Tel: +44 (0)1892 786253 E-mail: ollie.hodges@khl.com
CONNECT WITH SOCIAL MEDIA