Press Release
- Date:
- Monday, March 29, 2004
- Contact:
- David Peikin
- Phone:
- (301) 918-0818
- Email:
- G1@schwartz-pr.com
Group 1 Software Is Associate Sponsor of AMS Credit Management Conference
Group 1 to Showcase Its Data Quality and Business Geographics Technologies To AMS's Global Customers
Lanham, MD — Group 1 Software (Nasdaq: GSOF) today announced that it has entered into a referral alliance with G.K. Management Services (India) Pvt Limited (GKM), a leading provider of tax outsourcing services. Under the agreement, GKM will introduce Group 1's GeoTAX tax jurisdiction assignment solution to its customers, which include some of the leading commercial entities in North America. GeoTAX is a comprehensive solution that standardizes addresses and appends accurate state, county, municipal place, and special tax jurisdiction information to customer address records. GKM, headquartered in India, specializes in preparing state and federal tax returns for North American organizations.
Tax jurisdictions are constantly changing, and there are a number of recent federal and state mandates governing the tax jurisdiction assignment process. The potential liability resulting from inaccurate tax assignment poses a significant problem. To ensure that businesses utilize the most accurate address information in this process, GeoTAX provides exclusive access to the most current and accurate information regarding municipal tax boundaries nationwide. This is accomplished through a data update process that continually tracks and updates taxation boundaries nationwide, including new incorporations, annexations, de-annexations, mergers, consolidations, disincorporations, or dissolution of local governmental entities.
"Our GeoTAX solution provides organizations with a complete tax jurisdiction assignment solution," said Bob Bowen, CEO of Group 1 Software. "We look forward to working with GKM to introduce its customers to GeoTAX."
"We are privileged to be able to offer our customers the market's only robust, proven tax jurisdiction assignment solution," said Viji Sudhakar, CEO of GKM. "Using GeoTAX, our customers will have access to the most up-to-date intelligence for tax jurisdiction assignment."
About Group 1 Software
Group 1 Software (Nasdaq: GSOF) is a leading provider of solutions that help over 3,000 organizations worldwide maximize the value of their customer and other data. Group 1 provides industry-leading technologies that allow businesses to cleanse and enrich their corporate data, generate personalized customer communications and integrate and deliver data across the enterprise. These technologies are essential components of enterprise applications including customer relationship management (CRM), enterprise resource planning (ERP) and business intelligence systems. Founded in 1982 and headquartered in Lanham, Maryland, Group 1 offers solutions utilized by leaders in the financial services, banking, GIS/mapping, retail, telecommunications, utilities, insurance and other industries. The company's customer base includes such recognized names as Entergy, GEICO, L.L. Bean, MapQuest, QVC, Siemens, Wal-Mart and Wells Fargo. For more information about Group 1, visit the company's Web site at http://www.g1.com.
About G.K. Management
G.K. Management Services (India) Pvt Limited (or GKM) is a reputable financial and tax offshore business process-outsourcing provider. The company provides quality professional services using state of the art technology in the areas of taxation, accounting and finance to clientele in the United States and Europe. GKM has a dedicated team of professionals that can handle all complex financial, taxation and accounting processes. The company's website can be viewed at http://www.gkglobal.net or http://www.indiamart.com/gkglobal.