Vertex (VERX) Investor presentation summary

Market opportunity and industry trends

• Global transaction compliance is increasingly complex, with billions of transactions processed daily across thousands of jurisdictions and products, driven by expanding e-invoicing mandates and real-time tax validation requirements worldwide.

• Indirect tax compliance is a $5.5T market, three times larger than corporate income tax, with governments accelerating digital reporting and continuous transaction controls.

• Complexity is rising due to globalization, regulatory changes, and digital transformation, creating ongoing demand for advanced compliance solutions.

Platform and product strategy

• The platform offers end-to-end intelligent compliance, integrating tax determination, e-invoicing, and VAT compliance on a single data model for seamless audit trails and no reconciliation gaps.

• Proprietary tax content, built on 45 years of institutional knowledge, is continuously updated and AI-amplified, supporting over 195 countries and 20,000+ jurisdictions.

• AI is embedded across all pillars—determination, compliance, audit & planning—automating workflows, improving accuracy, and reducing manual effort.

• Smart Categorization uses generative AI to automate product-to-taxability mapping, reducing implementation time and audit risk.

Customer base and competitive positioning

• Serves over 4,800 direct customers, including more than 60% of the Fortune 500 and top companies across multiple industries.

• Top 50 customers have an average tenure of 20 years, reflecting deep, embedded relationships.

• The platform’s integration across ERP, e-commerce, and marketplaces, combined with proprietary content and AI, creates high switching costs and a durable competitive moat.