In February of 2015 Second Decimal joined Ryan. Ryan is an award-winning global tax services firm, with the largest indirect and property tax practices in North America and the seventh largest corporate tax practice in the United States. With global headquarters in Dallas, Texas, the Firm provides a comprehensive range of state, local, federal, and international tax advisory and consulting services on a multi-jurisdictional basis, including audit defense, tax recovery, credits and incentives, tax process improvement and automation, tax appeals, tax compliance, and strategic planning.
March 3, 2015
Dallas, Texas – Ryan, a leading global tax services firm with the largest indirect and property tax practices in North America, today announced the acquisition of Second Decimal, a tax technology firm with an integrated suite of tax calculation, certificate management, and workflow software applications that automate tax calculations and processes for improved efficiency, accuracy, and compliance. This acquisition will provide greater client value and results by combining innovative tax software applications backed by the Firm’s strategic tax advisory and recovery services. It also strengthens Ryan’s proprietary software development capabilities, providing a competitive advantage through an innovative approach that combines the power of tax expertise and technology. The acquisition adds a number of significant Fortune 500 relationships to Ryan’s portfolio of clients, providing additional opportunities to deliver a single-source solution of more than 45 global tax practices for improving cash flow and minimizing tax liabilities.
Second Decimal CEO, Jayme Fishman, will join Ryan as President of a newly created software division and will serve on the Firm’s Board of Directors. He will lead a team of dedicated tax and technology experts responsible for the continued development and support of the Firm’s expanding suite of software applications. He will drive the growth of Ryan’s new proprietary software offering that includes PinPoint™, a powerful sales and use tax calculation engine and data warehousing application; RatePoint™, a single-source tax application for rate lookup and monitoring needs; FilePoint™, a sales and use tax compliance system that provides access to the largest body of electronic uploads in the market for sales and use tax filings; and ControlPoint™, a certificate management system for handling and sharing purchase and/or sales exemption certificates.
“Our software applications were built by tax practitioners for tax practitioners,” said Jayme Fishman, CEO of Second Decimal. “The products and the professionals who support them are perfectly aligned with Ryan’s business model and will greatly enhance the Firm’s service offerings and value proposition.”
“Second Decimal has proven expertise in developing and enhancing powerful tax and compliance software applications for improving processes and profitability,” said G. Brint Ryan, Chairman and CEO of Ryan. “This acquisition will provide Ryan clients access to the most comprehensive, integrated tax technology and advisory offering available in the industry today.”
August 9, 2011
Burlington, Massachusetts – Second Decimal, LLC, a technology company that offers a suite of sales/use tax software solutions, announced the release of FilePoint—its newest product designed to facilitate sales and use tax return preparation and filing.
The competitive market landscape has forced an increasing number of companies to cut back on resources across departments. Organizations are being forced to do more with fewer resources. Manual sales and use tax return preparation is a perfect example of an area that is deeply impacted because it can be labor intensive and add further strain to already overwhelmed resources.
“FilePoint can help companies increase efficiencies by automating the return preparation process. Yet, it is flexible enough to allow organizations to maintain control over every aspect of the process,” said Jayme Fishman, CEO of Second Decimal.
FilePoint allows for the import of data from any system with easy mappings that reduce the amount of work required to commence return preparation. The system provides a litany of returns that spans the gambit of paper replicas of returns, Electronic Data Interchange (EDI) data files for electronic transmission, and Web filing reports that can be used to enter data in jurisdictions that support Web filing. Robust reporting provides a complete reconciliation of all imported data against amounts that were adjusted or held during the preparation process. Users are presented with a global view of all their adjustments, as well as form-by-form reconciliation.
“The system is ideally suited for companies that want to use software in the returns preparation process because it is much more efficient than manual preparation. In addition, the system provides several benefits over competitive technologies that include, but are not limited to, the flexibility offered to users in placing amounts on hold for future filings, data overrides/mappings, and powerful reporting capabilities. It is also well suited for firms that want to drive additional efficiencies when preparing returns as a service. Firms can organize their clients as ‘tenants’ using the multi-tenant features of the application,” said Mr. Fishman.
March 25, 2011
Troy, New York Pitney Bowes Business Insight, a global leader in customer data, analytics and communication software and services, has formed an alliance with Second Decimal, LLC, a leader in the tax automation space, to provide several geospatial sales and use tax rate determination and monitoring solutions. As a result, customers can now use location intelligence to streamline tax rate management, increase tax compliance and reduce operational costs.
Companies continue to experience challenges with accurate tax rate assignments that can lead to audit exposure and penalties for incorrect filings. Common problems include: understaffed and under-funded tax departments, out-dated or zip code-based tax software products and the need to research thousands of state and local taxing jurisdictions to keep up with the constantly changing rates and jurisdiction boundaries. This alliance enables customers to use an integrated solution to find the correct jurisdiction and rate for any address or latitude/longitude coordinate. In addition, customers can store their locations and leverage Pitney Bowes Business Insight’s geospatial suite to determine exact tax jurisdictions for those locations automatically – then monitor them for rate changes. Second Decimal’s RatePoint software will facilitate the data load and pair the locations with detailed sales and use tax rates. The offerings can be deployed as a premise-based solution or hosted by Second Decimal. Customers will also be able to include the functionality in their own products and services through the availability of a standard application programming interface.
“There is demand in the market for location-based rate monitoring powered by a geospatial engine with a software package that can be hosted, delivered locally, or made available through a Web services API,” said Jayme Fishman, CEO of Second Decimal. “The geospatial data from Pitney Bowes Business Insight will eliminate common errors that stem from incomplete data – usually in the form of a standard postal address that does not have enough granularity to ensure accurate jurisdiction/rate assignment – because they can transform those addresses to an exact location on a map and return the correct tax jurisdictions, down to the rooftops. Customers with locations that don’t have a street address will also benefit from the fully automated system’s ability to use latitude and longitude coordinates in lieu of postal address data.”
In addition, Second Decimal will offer Pitney Bowes Business Insight’s address cleansing solution as a service that can take street address data, cleanse and standardize it, and return additional data elements to a standard zip code. As a result, customers can capitalize on more reliable address data for correct tax determination.
“With this alliance, Pitney Bowes Business Insight and Second Decimal are filling an industry void,” said Tony Burton, Pitney Bowes Business Insight, GeoTAX product manager. “Together, we’re helping companies eliminate the guesswork and uncertainty that has encumbered traditional tax jurisdiction and rate assignment.”
About Pitney Bowes Business Insight
Pitney Bowes Business Insight is a software and services company that provides solutions to help organizations acquire, serve and grow relationships with customers and citizens. These solutions enable lifetime customer relationships by integrating data management, location intelligence, sophisticated predictive analytics, rules-based decision making and cross-channel customer interaction management to increase the value of every customer communication while also delivering operational efficiencies.
Pitney Bowes Business Insight is a wholly-owned subsidiary of Pitney Bowes Inc. (NYSE:PBI), a customer communications management technology leader. For more information, please visit www.pbinsight.com and www.pb.com
About Second Decimal
Second Decimal is a technology company that transforms corporate tax departments through an innovative approach and design that combines the power of tax expertise and technology. Second Decimal infuses the intellectual capital of the most seasoned tax and technology experts in the industry with a suite of intuitive and powerful software applications that exponentially improve accuracy, productivity, and processes. For more information, please visit www.seconddecimal.com.