Case Study: Weatherford International achieves real-time use tax accuracy and lower audit risk with Vertex Inc.'s O Series

Weatherford International - Customer Case Study

Weatherford International, a global oilfield services company operating in over 90 countries, faced a complex use-tax challenge on fixed assets where key factors—placement in service, rental status, location, and job taxability—were often unknown at purchase. To address this, Weatherford worked with VERTEX and leveraged the Vertex Indirect Tax O Series to build a dedicated fixed-asset use tax solution.

VERTEX implemented a real‑time rates-and-rules call that evaluates use tax outside traditional Procure-to-Pay and Order-to-Cash flows, allowing Weatherford’s tax team to determine an asset’s use-tax position on demand and post liabilities to the general ledger when triggered. The VERTEX solution improved tax accuracy, reduced audit workload, and is expected to deliver significant savings in audit penalties and related cash-flow benefits.

Weatherford International