Goodin Co. Client Success Story

Sovos
May 11, 2016

Businesses of all sizes and in all types of industries often have problems achieving full sales and use tax compliance. This can be especially problematic when an organization is growing, but still aiming to provide excellent goods and top-notch customer services by using sophisticated back-end systems.

The Challenge for Goodin: Accuracy, Audits & Expansion

This is exactly the challenge Goodin Co. was facing. Over four years ago, Goodin Co., a service supply company for residential, commercial, and industrial plumbers, builders, and contractors, realized that their ERP infrastructure wasn’t doing everything they needed given their expanding business, the number of tax jurisdictions they were adding, and the complexity associated with keeping up with all regulatory changes. As a result of working with Sovos, their sales and use tax process is more streamlined, effective, and easy to manage.

The Sovos Sales Tax Solution:
Accurate Determination & Filing = Less Audit Exposure & More Efficiency

With the help of Sovos, Goodin Co. has been able to reduce their audit exposure and penalties because Sovos Sales Tax provides them improved accuracy when it comes to determining and filing sales tax for the over 1,000 jurisdictions where they currently conduct business.

Moreover, Goodin Co. has re-focused the efforts of one full-time employee to concentrate on business growth objectives instead of sales tax calculation and regulatory research.

Mike Grunklee, the current Treasurer and CFO, as well as his accounting and finance departments, are now happy to report they spend much more time and attention on business critical activities and can add jurisdictions where they do business with “peace of mind, because Sovos is providing accurate sales tax calculations, using the geo codes they introduced us to, and the timely filing of the right returns helps us avoid costly audit exposure and penalties. The personal service and quick response by Sovos makes for a clean process when we need to make adjustments to our systems.”

Download the Goodin Co. client success story and find out how Sovos helped Goodin Co. vastly improve the effectiveness and accuracy of their sales and use tax process so they can continue to set the quality operational efficiency their business demands.

Goodin Company Success Story

Sign up for Email Updates

Stay up to date with the latest tax and compliance updates that may impact your business.

Author

Sovos

Sovos is a global provider of tax, compliance and trust solutions and services that enable businesses to navigate an increasingly regulated world with true confidence. Purpose-built for always-on compliance capabilities, our scalable IT-driven solutions meet the demands of an evolving and complex global regulatory landscape. Sovos’ cloud-based software platform provides an unparalleled level of integration with business applications and government compliance processes. More than 100,000 customers in 100+ countries – including half the Fortune 500 – trust Sovos for their compliance needs. Sovos annually processes more than three billion transactions across 19,000 global tax jurisdictions. Bolstered by a robust partner program more than 400 strong, Sovos brings to bear an unrivaled global network for companies across industries and geographies. Founded in 1979, Sovos has operations across the Americas and Europe, and is owned by Hg and TA Associates.
Share this post

North America Tax Information Reporting
March 22, 2024
Market Conduct Annual Statement Reminders and More

On the second Wednesday of each month, Sovos experts host a 30-minute webinar, Water Cooler Wednesday, to share the latest updates on statutory filings. In March, Sarah Stubbs shared information about the many filings due after March 1, from Market Conduct Annual Statements to health supplements for P&C and life insurers writing A&H businesses and […]

North America ShipCompliant
March 21, 2024
How Producers Can Build a DtC Shipping Market

Direct-to-consumer (DtC) shipping has become one of the leading sales models for businesses of all sizes and in all markets. The idea of connecting directly with consumers is notably attractive, as it helps brands develop a personal relationship and avoid costly distribution chains. Yet, for all its popularity, DtC is often a hard concept to […]

North America ShipCompliant
March 20, 2024
Key Findings from the 2024 DtC Beer Shipping Report

This March, Sovos ShipCompliant released the fourth annual Direct-to-Consumer Beer Shipping Report in partnership with the Brewers Association. The DtC beer shipping report features exclusive insights on the regulatory state of the direct-to-consumer (DtC) channel, Brewers Association’s perspective and key data from a consumer preferences survey. Let’s take a deeper dive into some of the […]

March 20, 2024
As the World Gets Smaller, Think Bigger About Global Tax Compliance

For the past few weeks back, my colleagues and I have been talking a lot about the importance of a global strategy when it comes to addressing today’s modern tax environments. On the heels of Sovos introducing the Sovos Compliance Cloud, many in our company’s leadership team have blogged about related topics and the critical […]

North America ShipCompliant
March 12, 2024
Florida HR 583 Set to Uncork Larger Format Wine Bottles

This bill was signed into law on March 28, 2024 and takes effect July 1, 2024. Florida wine lovers could soon enjoy a bigger selection of bottles based on a recent bill passed by the state’s legislature (HR 583) that would remove the existing cap on wine bottle sizes. What is Florida’s HR 583 bill? […]