Mar 19, 2009 13:00 ET

Protect-A-Bed Selects SpeedTax as Its Sales Tax Software-as-a-Service Solution

Maximum Audit Protection, Simplified Compliance and Reporting Requirements, and Affordable Pricing Make SpeedTax the Right Fit for Large Distributor

LAGUNA HILLS, Calif. --(Business Wire)-- Mar 19, 2009 SpeedTax, Inc., a provider of Software-as-a-Service (SaaS), fully-automated sales tax management solutions, was selected by JAB Distributors, LLC, dba Protect-A-Bed, to simplify its complex sales tax reporting and compliance needs.

When Protect-A-Bed expanded its sales channel in October 2008 with a new showroom in New York, and a new Chicago office in June 2008 that houses 31,000 square feet of warehouse storage, nexus was created in several states. In order to efficiently report and comply with sales tax in these states, Protect-A-Bed wanted to find an automated system that would always be up to date and run seamlessly with Sage Accpac ERP, the company’s existing business management system.

“From the start, it was very obvious that SpeedTax’s compatibility with Accpac ERP was going to solve our problems,” says Anneke Chamy, CPA, CFA, MBA, chief financial officer at Protect-A-Bed. “We did not have the time or resource allocations to develop our own solution and certainly would not want to perform manual calculations. Simply put, the SpeedTax implementation was efficient and cost effective.”

The installation was handled by Jan Goodman of Arxis Technology, a California-based provider of technology consulting services and an authorized SpeedTax Business Partner. Already working with Chamy and her staff on various projects, Goodman presented SpeedTax as the solution that would most closely meet Protect-A-Bed’s needs.

“JAB needed an easy-to-use, cost-effective sales tax solution that addressed critical areas like taxability and nexus, and provided the highest accuracy in jurisdiction and rate determinations,” says Goodman. “Having seen and done due diligence with SpeedTax, I liked the product’s ability to leverage both the technology and customer service advantages of SaaS, and quickly deliver the sales tax solution the client needed.”

From development to installation to implementation, the SpeedTax for Sage Accpac ERP solution came together in less than 30 days.

“It’s impossible to keep up with frequent rate changes when you have nexus in several states. Tracking and auditing transactions, and ensuring accuracy in sales tax collection and remittance, was our primary concern,” says Chamy. “With SpeedTax, all is taken care of; we do not have to spend time trying to find the correct tax rate and possibly creating another tax authority in the ERP system before creating the customer and entering the order. Accounting accuracies bring peace of mind, but they also enable orders to go out faster, which means our customers are happier.”

“JAB and other companies are choosing SpeedTax for the maximum audit protection it provides in an increasingly changing regulatory environment, as well as the affordability and accuracy of our service,” says Anton Donde, SpeedTax CEO. “We look forward to helping many more businesses achieve the cost savings and peace of mind that SpeedTax affords them.”

The SpeedTax solutions for Sage Accpac ERP, Sage MAS 90 ERP and Sage MAS 200 ERP are sold through a channel of authorized SpeedTax Business Partners. To locate the partner nearest you, contact SpeedTax at 888.349.2441 and ask to speak with a sales representative.

Sage Software Business Partners interested in partnering opportunities with SpeedTax can contact Tony Zuanich, SpeedTax VP of Sales, at 888.349.2441, ext. 14.

About SpeedTax On-Demand Services

SpeedTax is a comprehensive sales tax automation and management service built by accountants, for accountants. A Software-as-a-Service (SaaS) solution, it performs real-time, automated sales tax calculations, integrates seamlessly with its customers’ financial or e-commerce systems, and provides automatic returns preparation and filing, while enabling reporting, treasury management and audit defense with sophisticated, Web-based compliance management and reporting tools.

About SpeedTax

Headquartered in Laguna Hills, California, SpeedTax was founded on the premise that businesses of all sizes should be able to confidently, accurately and affordably outsource the most tedious, repetitious and time-consuming aspects of sales tax compliance – researching, calculating, posting, reporting and remitting sales taxes – while simultaneously acquiring the ability to better manage their business via online, real-time access to sales tax data. SpeedTax understands that customers want to feel fully confident in the event of an audit, but also believes that customers deserve much more from a complete sales tax management solution.

For more information on SpeedTax on-demand services, visit www.speedtax.com, call us at 888.349.2441, or contact us via email at pr@speedtax.com.

About Arxis Technology, Inc.

Arxis Technology, Inc. is a technology consulting firm specializing in the implementation and support of accounting and business management software, custom application development, and network engineering and design. Arxis services clients from their locations in Los Angeles, Orange County, Chicago and Phoenix. For more information on Arxis, visit www.arxistechnology.com or call (866) 624-2600.

About JAB Distributors, LLC – dba Protect-A-Bed

Protect-A-Bed produces bedding protection products that provide consumers with a healthy and comfortable sleep environment. The product was developed in South Africa in 1980 and Protect-A-Bed was first established in the USA in 2000. Project-A-Bed offers bedding protectors to help create a dry, bed bug free, anti-allergy sleep zone for people of all ages. The product is now sold in 27 countries and Protect-A-Bed is the leader in mattress protection innovation. The company developed the proprietary Miracle Membrane® and patent pending Bug Lock® Secure Seal for bed bug protection. Protect-A-Bed products are listed as a Class 1 Medical Device with the Food and Drug Administration, and carry the Good Housekeeping Seal. For more information on Protect-A-Bed, go to www.protectabed.com.

SpeedTax, Inc.
Brian Austin, Director of Public Relations
949-215-1177 (Office)
707-799-9838 (Mobile)
brianaustin@speedtax.com