Pitney Bowes Business Insight, a subsidiary of Pitney Bowes Inc. (PBI) has struck an alliance with Second Decimal, LLC, a leader in the tax automation space.
Companies continue to experience challenges with accurate tax rate assignments that can lead to audit exposure and penalties for incorrect filings. There is an inherent demand in the market for location-based tax-rate monitoring provided by means of a software package that can be hosted, delivered locally, or made available through web services.
Pitney Bowes is a leading supplier of products and services in most of its business segments. Its meter base and ability to place and finance meters in key markets contributes significantly to its revenue and profitability. However, all segments face competition from a number of companies.
We believe that its long experience and reputation for product quality, as well as its sales and support service organizations, are important factors in influencing customer choices with respect to its products and services.
Significant investment in research and development operations differentiates it from competitors. The company has many research and development programs that are directed toward developing new products and service offerings.
As a result of these efforts, it has been awarded a number of patents for existing and planned products. However, its businesses do not depend on any one patent, any group of related patents, any one license or any group of related licenses.
Pitney Bowes has undertaken a strategic transformation process designed to create long-term flexibility to invest in future growth. It is currently completing the diagnostic phase of this project and is analyzing a wide range of opportunities for process and operational improvements in areas such as global customer interactions and product development processes.
Pitney Bowes Inc. was incorporated in the state of Delaware on April 23, 1920, as Pitney Bowes Postage Meter Company. Today, Pitney Bowes Inc. is the largest provider of mail processing equipment and integrated mail solutions in the world. Siemens AG (SI) is a major competitor.
It offers a full suite of equipment, supplies, software and services for end-to-end mailstream solutions which enable its customers to optimize the flow of physical and electronic mail, documents and packages across their operations.
We currently have a Neutral recommendation on Pitney Bowes.
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