Planitax Horizons Suite named KMWorld Promise Award Finalist

Business Wire, Oct 28, 2008

SaaS-Based Tax Information Management Suite Transforms Tax Lifecycle

ALAMEDA, Calif. -- Planitax, Inc., the leading provider of tax information management solutions for corporate tax departments, today announced that the Planitax Horizons Suite has been named a finalist for KMWorld Promise Award. Planitax's integrated suite allows corporate tax departments to leverage available resources by strategically managing information, automating processes, and establishing internal controls around the broader tax lifecycle process. The solution's sophisticated enterprise platform and Software as a Service (SaaS) delivery model provide a comprehensive and integrated solution that empowers corporate tax departments to collect and manage both structured data and unstructured documents.

"Planitax differentiates itself through the unique blend of thorough data collection -- from both structured and unstructured information -- and robust knowledge management to provide corporate tax departments the expertise and management tools they need to efficiently avoid risk and meet compliance requirements," said Hugh McKellar, KMWorld Editor-in-Chief and head of the KM Awards judging panel.

"We are honored to be selected as one of the finalists for KMWorld Award," said Dan Filby, chief operating officer of Planitax. "Corporate tax departments are facing stringent regulatory requirements, and at the same time, dealing with resource constraints. We believe leveraging technology resources to manage information and streamline processes is the best practice in this difficult environment."

Planitax Horizons helps corporate tax departments streamline internal processes and manage critical data and documents. The integrated modules within the Horizons suite are designed to address various challenges throughout the corporate tax lifecycle, including collecting data, calculating provision, managing tax positions, managing projects and schedules, and managing audits. In addition, using workflow tools, tax departments can automate administrative or routine tasks, strengthen internal controls, reduce risks and exposure; and ultimately, free up valuable resources to allow tax departments to focus on strategic planning.

About Planitax

Planitax, Inc. is the leading provider of tax information management solutions and services that enable corporate tax departments to efficiently and effectively manage the data required to reduce operating costs, strengthen tax positions, improve internal controls and mitigate risks. The company's Corporate Tax Horizons suite targets a range of tax processes such as document management, data collection, entity management, FIN 48, R&D tax credit automation, FAS 109, audit management and other core tax functions. For more information, call 800-606-3080 or visit www.planitax.com.

Planitax, Corporate Tax Horizons and the Planitax logo are trademarks or registered trademarks of Planitax, Inc. in the United States and other countries. Other trademarks mentioned are properties of their respective owners.