The indirect tax software company lost $15.9 million last year, compared to a $77.7-million deficit for 2020. The 2021 bottom line included a currency loss of $14.4 million, compared to a decline there of $2.6 million the prior year. Operating expenses dropped to $266.6 million, down 15.1 percent from slightly more than $314 million the prior year. G&A spending fell 28.2 percent to $107 million from $149.1 million. Revenue for 2021 was $425.5 million, up 13.6 percent from $374.7 million a year earlier. In a recent earnings webcast, CEO David DeStefano pointed to strength in both the Oracle and SAP market. “Our increased investment in their OCI platform resulted in a record number of Oracle ERP cloud deals in the quarter,” he said. Meanwhile, Vertex added 11 new channel partners in the SAP market and intends “to build out this indirect sales force in 2022, to extend our reach into the vast and largely unpenetrated SAP ecosystem,” DeStefano said. The company’s direct sales force is also working in account planning together with SAP and working deals jointly. CFO John Schwab reported revenue of cloud-based products rose 46 percent to $127 million last year, 43 percent excluding acquisitions. He also reported Vertex had decided to growth its services businesses by investing more in its consulting partners while activity in the mid-market is also increasing through investment in indirect sales.