Vertex Inc. (NASDAQ:VERX) is one of the best beaten-down technology stocks to buy, according to analysts. On September 11, at the Goldman Sachs Communacopia+ Technology Conference, the company reiterated its investments in e-invoicing and artificial intelligence as key drivers of long-term growth.
Vertex, (VERX) Touts e-Invoicing and Artificial Intelligence for Growth
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The remarks come as the company faces pressure to lower its revenue growth guidance by $12 million, amid slowing customer growth. Amidst the struggles, Vertex is focusing on achieving 100% country coverage for e-invoicing, which is expected to unlock $100 million in revenue.
In addition, the company is increasingly investing in artificial intelligence, which it expects to enhance margins and strengthen its competitive edge. It has already launched SmartCat, an AI-powered product categorization tool that leverages AI to improve internal efficiencies. The company also acquired Kitsugi, an AI startup that focuses on addressing market disruptions in small to medium-sized companies.
Vertex Inc. (NASDAQ:VERX) is a technology company that provides enterprise tax technology solutions for the retail, wholesale, and manufacturing industries. It offers tax determination, compliance, and reporting, including workflow management tools, as well as solutions for tax data management and document management.
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Disclosure: None. This article is originally published at Insider Monkey.
[SRC] https://finance.yahoo.com/news/vertex-verx-touts-e-invoicing-084750762.html
