BillSoft Announces the Release of EZTax® Bundler
Overland Park, KS, July 13, 2006 — BillSoft, Inc., the market leader for communications taxation announced today that it has released EZTax Bundler to provide customers with accurate taxation when bundling multiple products and services together.
A growing trend is to offer a number of services bundled as one package. Heavy burden is put on billing managers to break down each charge in a bundle and pass a pro-rated dollar amount for each individual component. Aggressive taxing jurisdictions are complicating matters even further. If bundled services are not taxed and presented properly, the jurisdiction may assess fines and penalties. “Some jurisdictions are specifically targeting providers that don’t tax bundled products accurately,” said Vicki Klein, President of BillSoft. “EZTax Bundler provides a simple way in the billing and taxation system to break out these products and tax them appropriately.”
The EZTax Bundler application is a user-friendly wizard that steps a user through the process of creating a bundle definition file. The bundle definition file contains an infinite number of user-defined bundles. Each user-defined bundle transaction maps a bundled product offering to an infinite number of EZTax transaction and service combinations. Once the bundles are defined, customers simply pass one transaction and a single dollar amount into EZTax. Internally, the transaction is then broken down into the percentages specified. “Whether customers have one or one thousand bundle offerings, passing each bundle to the tax engine is a whole lot simpler,” said Klein.
About BillSoft, Inc.
BillSoft specializes in enhancing billing systems and service bureau products by providing taxation, data customization, address scrubbing, jurisdiction assignment, and compliance filing solutions. BillSoft’s "Your Total Tax Solution" consists of EZTax®, EZDataTM, EZFileTM, BillSoft Online, EZGeoTM, EZTax Viewer, tax compliance filing, and tax consulting services. BillSoft’s flagship product, EZTax, is the most comprehensive communications tax package available. With the availability of taxation for products and services in over 80 countries, EZTax provides the most comprehensive tax system for the best overall value. EZTax supports all major platform environments and offers a number of different interfaces with the standard product. In addition, BillSoft is partnered with billing and OSS providers, providing communications companies with a one-stop approach to a seamless billing/taxation system. For more information about BillSoft, Inc., please visit www.billsoft.com.
BillSoft® and EZTax ® are registered trademarks of BillSoft, Incorporated. All other trademarks are the property of their respective holders. Copyright - 2006 BillSoft, Inc., 10100 W. 87th Street, Overland Park, KS 66212. All Rights Reserved.
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FOR MORE INFORMATION, CONTACT:
Heidi Winters
BillSoft, Inc.
Phone: (800) 525-8175
Email: hwinters@billsoft.com
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