Sovos Wins Product of the Year Awards at The American Business Awards

Alex Forbes
July 26, 2017

Global tax compliance and reporting software leader recognized with two Stevie Awards in Global Risk & Compliance and FinTech Categories

Global tax compliance and reporting software leader recognized with two Stevie Awards in Global Risk & Compliance and FinTech Categories   Sovos AEOI Finalist in SIIA CODiE for Best FinTech Solution

Wilmington, Mass. – July 26, 2017 – Global tax compliance and reporting software leader Sovos announced today it has been honored with two Product of the Year awards at the The 15th Annual American Business Awards, a Silver Stevie Award in the Global Risk & Compliance category for its Intelligent Compliance Cloud and a Bronze Stevie Award in the New FinTech Software Solution category for its solution for Automatic Exchange of Information (AEOI) compliance.

“As governments go digital to close tax loopholes, businesses are increasingly at risk for penalties, fines and mounting compliance costs,” said Eric Olson, Vice President, Marketing, Sovos. “To stay ahead, businesses must take a new, strategic approach to tax compliance, and we’re pleased the American Business Awards recognized our product teams for the innovation and value our Intelligent Compliance Cloud brings to businesses navigating today’s rapid-response regulatory environment. Congratulations to all the winners in the 2017 American Business Awards.”

Sovos AEOI was also recently a finalist in the 32nd annual SIIA CODiE Awards for Best FinTech Solution. These awards add to a successful year for Sovos that include a Tekne Award for innovation for its Affordable Care Act solution, an award for Best Tax Information Reporting Firm (U.S.) from Wealth & Finance International and recognition as a finalist for Technology Provider of the Year in the UK-based FStech Awards.

The American Business Awards received more than 3,600 nominations from organizations of all sizes and in virtually every industry in 2017. The Sovos Intelligent Compliance Cloud and AEOI solutions were nominated in the Best New Product or Service of the Year Software categories for Governance, Risk and Compliance solutions and FinTech solutions.

New Product or Service of the Year – Software – Governance, Risk & Compliance Solution:

The speed and complexity of compliance is outpacing the solutions most businesses use to comply, leaving business leaders to grapple with increased risk and rising compliance costs. The Sovos Intelligent Compliance Cloud brings together complete and accurate regulatory analysis paired with a nimble, reliable and secure cloud software platform and local regulatory knowledge tied to a global infrastructure. This pairing enables businesses to be more adaptable and responsive, provides a single and connected line of sight into actionable data, and safeguards businesses from the burdens and risk of compliance across multiple regions instead of solving the same problem dozens of times.

Best Product or Service of the Year – Software – FinTech Solution:

Countries across the globe are signing inter-governmental agreements and embracing technology-driven processes to gain more visibility into cross-border transactions. Organizations impacted by these agreements and participating in the Automatic Exchange of Information (AEOI) must adhere to complex tax reporting obligations in every country in which they conduct business. Aimed at helping financial institutions throughout the world easily comply with reporting requirements, Sovos AEOI offers reliability and security in managing private financial data from a single, user-friendly portal. Sovos AEOI provides automation capabilities, improving accuracy and efficiencies by eliminating manual workflows.

More than 190 professionals worldwide participated in the judging process to select this year’s Stevie Award winners.

“Each year the judges find the quality and variety of the nominations to be greater than the year before. The 2017 competition was intense and every organization that has won should be proud,” said Michael Gallagher, president and founder of the Stevie Awards.

Details about The American Business Awards and the list of 2017 Stevie winners are available at www.StevieAwards.com/ABA.   

About Sovos 
Sovos is a global leader in tax compliance and business-to-government reporting software, safeguarding businesses from the burden and risk of compliance around the world. As governments go digital, businesses face increased risk and complexity. The Sovos Intelligent Compliance Cloud combines world-class regulatory analysis with a cloud software platform to create an adaptable, connected and global compliance solution that keeps businesses ahead of the ever-changing regulatory environment. Sovos supports 4,500 companies, including half of the Fortune 500, and integrates with a wide variety of business applications. Based in Boston, Sovos has offices throughout North America, Latin America and Europe. For more information visit http://www.sovos.com and follow us on LinkedIn and Twitter.

About the Stevie Awards
Stevie Awards are conferred in seven programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 10,000 entries each year from organizations in more than 60 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

About the CODiE Awards
The SIIA CODiE Awards is the only peer-reviewed program to showcase business and education technology’s finest products and services. Since 1986, thousands of products, services and solutions have been recognized for achieving excellence. For more information, visit siia.net/CODiE.

 

Contact:

Jennifer Blackburn

AR|PR on behalf of Sovos Jennifer@arpr.com

Sign up for Email Updates

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

Author

Alex Forbes

Alex Forbes is Senior Manager, Content Marketing, at Sovos. When not helping readers navigate their tax-related digital business transformation journeys, he enjoys day tripping around New England with his wife.
Share This Post

Tax Information Reporting United States
September 13, 2019
California AB5 Gig Economy Bill will Affect Tax Reporting, But How?

California Governor Gavin Newsom is poised to sign into law a bill that would recategorize gig economy workers such as ride-share drivers from being independent workers to full-time employees.  The bill, California AB5, could have a profound impact on tax withholding and information reporting at state levels, with other states closely monitoring California’s activity. It […]

Sales & Use Tax United States
September 12, 2019
New Sales Tax Laws Require Ecommerce Retailers to Step up Cyber Monday 2019 Preparations

5 steps ecommerce retailers should take to prepare for Cyber Monday 2019 Retailers with ecommerce channels have a lot to gain during Cyber Monday or Cyber Week in 2019. According to BlackFriday.com, Cyber Monday spending is anticipated to grow 20% this year, with consumers spending nearly $9.5 billion online. Cyber Monday also falls on December […]

EMEA IPT
September 5, 2019
Location Location Location

EU and local legislation Location of risk is one of the key criteria an insurer must identify and consider before thinking about insurance premium taxes. It’s important to understand the location of risk rules and apply them correctly to be able to settle insurance premium taxes compliantly and to the correct tax authority. Whilst location […]

EMEA VAT & Fiscal Reporting
September 4, 2019
Don’t Judge a Book by its Form: The Downward Global Trend in VAT Rates of E-Publications

Using reduced VAT rates to influence consumer buying choices Charging VAT and other consumption taxes rarely has a significant effect on a nation’s economy. The impact is felt at a specific industry sector level and more acutely when applied to goods and services in the B2C environment where any additional tax burden can impact price […]

Tax Information Reporting United States
September 3, 2019
Electronic Reporting – Welcoming Unclaimed Property to the 21st Century

Almost every state has moved away from paper reporting in favor of electronic reporting, welcoming the unclaimed property reporting process into the digital age. Many of the slow-moving processes can be easily streamlined and brought up to date with simple, intuitive technology. First, let’s describe the difference between the two types of filings as many […]