Mr. Bobby Morrison reports

VERTEX PARTNERS WITH SHOPIFY TO STREAMLINE GLOBAL TAX COMPLIANCE

Vertex Inc. has formed a partnership with Shopify Inc.

This partnership will enable enterprise merchants using the Shopify tax platform for business-to-business (B2B) and business-to-consumer (B2C) sales to automate tax calculation and compliance on a global scale. The software-as-a-service-based solution removes barriers to commerce growth and accelerates the transaction process by eliminating the need to manually update complex rates and rules for over 195 countries, including seller's use tax, goods and services tax, and value-added tax.

As the first global tax technology partner to join the Shopify tax partner platform, Vertex offers growing businesses a single, unified global solution to streamline the complexities of cross-border indirect tax.

"Our goal is to help organizations transform their business operations to deliver a unified commerce experience," said Vertex chief commercial officer Chris Jones. "With the integration of Vertex solutions, enterprise retailers using Shopify can help ensure that tax is applied accurately and consistently regardless of how, when or where their customers transact."

Vertex's partnership with Shopify comes as the commerce leader continues to ramp up its product innovation in the enterprise market. Shopify powers 10 per cent of U.S. e-commerce and was recently recognized as a leader in the 2023 Gartner Magic Quadrant in digital commerce, the go-to resource for decision-makers in enterprise commerce, and placed highest in ability to execute.

"By welcoming Vertex as a Shopify tax platform partner, we are addressing the unique complexities of selling across multiple global tax jurisdictions and in niche categories with a service that is flexible enough to grow with enterprise businesses," said Bobby Morrison, chief revenue officer at Shopify. "Together, Vertex and Shopify are expanding on the value we bring to enterprise retailers, empowering companies to transact, comply and scale with confidence."

About Shopify Inc.

Shopify is the leading global commerce company that provides essential Internet infrastructure for commerce, offering trusted tools to start, scale, market and run a retail business of any size. Shopify makes commerce better for everyone with a platform and services that are engineered for speed, customization, reliability and security, while delivering a better shopping experience for consumers on-line, in-store and everywhere in between. Shopify powers millions of businesses in more than 175 countries and is trusted by brands such as Mattel, Gymshark, Heinz, FTD, Netflix, Kylie Cosmetics, SKIMS, Supreme and many more.

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