The Tax & Accounting business of Thomson Reuters announced today availability of Sabrix Managed Tax Service Winter 2010 version. The latest version of Sabrix MTS includes a new remittance and filing service, and additional reporting capabilities to provide an end-to-end solution for sales and use tax compliance, while increasing visibility and control so that financial executives can feel confident outsourcing the process.

As a software as a service (SaaS) offering, Sabrix MTS Winter 2010 is automatically available to existing clients at no additional fee. Sabrix MTS Winter 2010 featured highlights include:

Enhanced integrated filing and remittance workflow dashboard, which allows clients to monitor, view, and approve returns and tax payments at each critical milestone for complete control, without the cumbersome task of managing the process;

Electronic signature capabilities for paper returns, saving time and money;

Audit, return reporting, and return to G/L reconciliation to meet increasingly complex audit requirements;

Powerful analytics powered by SAP Business Objects provide detailed information all the way down to the transaction level, giving finance executives increased visibility and control;

Additional reports, including a new return summary report, which summarizes standard return fields by tax return, including key adjustments needed to reconcile total tax collected per return to net tax remitted per return; and

New reporting dashboard that provides easy access to extensive library of reports.

Acting as an extension of a company’s finance department, Sabrix MTS’ tax experts and software are designed to minimize the hassle, reduce the costs, and limit audit exposure of sales tax compliance. The service addresses the complete tax management process, including address validation, tax rate maintenance, determination and calculation, signature-ready return preparation as well as audit research and documentation.