Press Releases

60% of Filings Submitted to ‘Early Adopter’ Tax Jurisdictions for First CRS Exchange May be Rejected

60% of Filings Submitted to ‘Early Adopter’ Tax Jurisdictions for First CRS Exchange May be Rejected

April 24, 2017, 3:00 am EDT in AEOI Reporting, Blog, News, Press Release, Press Releases

Sovos is predicting the majority of transmittals submitted by qualifying financial institutions to early adopter tax jurisdictions in the next two months may be rejected and returned for correction and resubmission. As a result, institutions may require several rounds of resubmissions before their data is accepted.The majority of transmittals submitted...

Sovos Joins Salesforce Partner Program to Drive Customer Success by Simplifying Sales Tax Compliance for Online Sellers with Salesforce Commerce Cloud

April 7, 2017, 8:30 am EDT in Enterprise Sales Tax, News, Press Releases

Sovos delivers certified, pre-built integration to help Commerce Cloud customers quickly expand their geographic and product footprints with enterprise class sales tax compliance tools.Sovos, a leading provider of software that helps global brands reduce the burden and risk of tax compliance, today announced that it has joined the Salesforce Partner...

ZEDRA Signs Sovos to Automate Multi-Jurisdiction AEOI Tax Reporting

March 20, 2017, 4:00 am EDT in AEOI Reporting, News, Press Releases

20 March 2017: ZEDRA, the independent global fund specialist in Trust, Corporate and Fund services is pleased to announce it has placed an order with global tax compliance software leader Sovos for its AEOI Reporting solution. Once implemented, the solution will help ZEDRA meet the demands of its tax compliance...

Sovos Compliance and Tytho sign a strategic partnership agreement

Press Release: Sovos Compliance and Tytho Sign a Strategic Partnership Agreement

March 1, 2017, 10:13 am EDT in News, Press Releases

On February 1st, Sovos Compliance and Tytho made a move to further reinforce their leadership position in tax technology, and today are announcing their non-exclusive partnership agreement. They have established a partnership whereby Tytho will assist with the implementation of Sovos Compliance solutions and promote the Sovos Compliance suite of...

Press Release: Sovos Compliance Recognized as 2016 Best Tax Information Reporting Firm

December 22, 2016, 8:00 am EDT in News, Press Releases

Wealth & Finance International awards compliance software provider for helping businesses comply with complex and ever-evolving regulations.December 22, 2016, Wilmington, Massachusetts — Wealth & Finance International named Sovos Compliance as the 2016 Best Tax Information Reporting Firm (U.S.), recognizing the organization for its success in helping finance leaders around the...

Press Release: New Report Shows U.S. Businesses Spent More Than $4 Billion in Labor Costs on Affordable Care Act Compliance in 2016

December 5, 2016, 9:00 am EDT in News, Press Releases

Research from Aberdeen Group and Sovos Compliance shows significant business challenges exist as a result of accuracy problems and continuous regulatory changes.December 5, 2016, Wilmington, Massachusetts — As the U.S. government considers changes to the Affordable Care Act, a new report from the Aberdeen Group shows U.S. businesses spent in...

Colorado Makes Sovos Compliance Only Integrated End-to-End Sales Tax Solution; Software Users Will Be “Held Harmless” for Tax Gaps

August 4, 2016, 12:14 pm EDT in Blog, News, Press Releases

Sovos becomes the first software provider to integrate a hold-harmless database with an approved e-file software solution application to help reduce the sales and use tax compliance burden on businesses by automating accurate tax calculation and state and local filing. Boulder, Colorado, August 4, 2016 — Sovos Compliance, a global leader...


Sovos Compliance Acquires Top Latin American Compliance Company: Invoiceware International

June 8, 2016, 7:30 am EDT in Blog, Indirect Tax, News, Press Releases

Global compliance software leader adds the industry’s only multi-country solution for e-invoicing and tax reporting in the world’s most complex tax compliance region.Boston, MA -- Sovos Compliance, a global leader in tax and business-to-government compliance software, announced today that it plans to acquire Atlanta-and Sao Paulo-based Invoiceware International, expanding the...

Sovos Sales Tax SuiteApp NetSuite

Sovos Sales Tax SuiteApp Achieves ‘Built for NetSuite’ Status

May 19, 2016, 1:30 pm EDT in Blog, News, Press Releases

New SuiteApp Meets the NetSuite SuiteCloud Platform's Development Standards and Documented Best Practices.Boston, MA, May 19, 2016 – Sovos Compliance announced today that the Sovos Sales Tax SuiteApp has achieved ‘Built for NetSuite’ status. The new SuiteApp, built using NetSuite’s SuiteCloud Platform, provides an end-to-end sales and use tax automation tool...