Leading Petroleum Marketer to Reduce Compliance Risk and Improve Accuracy
Houston - May 20, 2010 - Zytax, a wholly-owned subsidiary of FuelQuest and leading supplier of indirect tax automation software, announced today a five-year contract with Jacobus Energy, Inc. Jacobus is one the nation's premier fuel marketers and distributors providing energy-related services to homes and businesses throughout the South and Midwest. Under this agreement, Jacobus will use Zytax Compliance to automate all its tax filing processes and procedures.
"Our strategy to automate tax processes is an important step for the future of our organization," said Chad Olson, VP Finance, of Jacobus Energy. "We hope to gain valuable operational efficiencies, which will allow our teams to focus on the other business initiatives that directly impact the growth of Jacobus."
Jacobus Energy and other customers choose Zytax Compliance so they can:
- Automate the end-to-end filing process from data import to electronic filing
- Comply with ever-changing rules, rates, and filing standards for all U.S. jurisdictions
- Increase consistency and accuracy of the filing process
- Improve reporting support for audits and amendments.
"We are excited to have Jacobus as a customer and adopt our industry-leading tax automation software," said Robert "Bubba" Lange, SVP of Operations at Zytax. "Jacobus understands that optimizing tax processes for greater efficiency and accuracy is essential to attaining operational excellence and driving bottom line value."
Over 700 customers have adopted Zytax solutions to calculate and file their indirect taxes. Processing $65 billion in taxes annually, Zytax is a proven leader within the energy industry.
About Jacobus Energy As one of the nation's premier petroleum marketers, Jacobus Energy provides fuel and related services to businesses nationwide. The company was founded in 1919 in a suburb of Milwaukee, Wisconsin, selling coal and animal feed. Today Jacobus Energy is committed to providing a broad range of energy-related services to homes and businesses. The company has become a major national petroleum marketer with a fleet of hundreds of vehicles serving customers throughout the Midwest and South. Its major divisions include Quick Fuel and Quickflash Heating & Cooling Services. http://www.jacobusenergy.com
About Zytax Zytax, a wholly owned subsidiary of FuelQuest, Inc., supplies strategic software automation solutions for global indirect tax determination and excise motor fuel compliance for the energy industry. Zytax solutions provide complete visibility across the tax organization increasing the ability to track, forecast and report tax obligations while mitigating risk and reducing fines, fees and penalties. Headquartered in Houston, Texas, Zytax has served the energy industry for more than 14 years, providing excise and specialty tax solutions for more than 700 installed customers. Zytax processes billions of dollars of motor fuel excise taxes per year. For more information call 713.222.5700 or visit www.zytax.com.
Media Inquiries: Allison McNulty FuelQuest, Inc. (713) 222-5742
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