Sovos Expands VAT Determination Capabilities for Customers with Complex Supply Chains

Andy Hovancik
December 6, 2021

Earlier today, Sovos announced the acquisition of TLI Consulting, a German company that serves companies with transaction and tax determination needs that are too complex or costly to configure and maintain via native SAP functionality and in-house tax experts. This is a strategic acquisition with immediate and long-term implications for the customers we serve.

Immediate benefits for European headquartered companies running on SAP

TLI Consulting’s software extensions enhance native SAP VAT determination functionality, and its consultants have the deep integration and implementation expertise to ensure that SAP ECC or SAP S/4 HANA enterprise resource planning systems can seamlessly determine the right VAT decisions and tax codes for any outbound or inbound transaction.

Now, Sovos can scale the reach of TLI Consulting’s software solutions and consulting services beyond Germany to serve customers throughout Europe, where we have a growing team of technology, regulatory and go-to-market experts.

VAT determination: a critical capability for an increasingly complex challenge 

TLI Consulting is our 9th acquisition in the past 12 months, and it helps tell the larger story of what Sovos is working to accomplish as we grow organically and through acquisition. We are on a journey to build end-to-end offerings that help businesses infuse trust in every transaction. That journey has included the acquisition and development of global solutions for continuous transaction controls (CTCs), like e-invoicing. It has also included VAT reporting and SAF-T solutions, and a Sovos Connect Once API for a seamless customer experience across systems that must comply with the tidal wave of real-time and e-audit VAT compliance mandates throughout Latin America and Europe.

Alongside those capabilities, VAT determination is a pillar of modern tax compliance, and often the first issue multinational companies tackle before addressing complex digital reporting and CTC needs. 

Simpler tax determination for every transaction, in every jurisdiction 

Our intention is to solve a global problem, and to do it by delivering technology solutions that leverage local expertise. Today, Sovos has a tax determination portfolio that helps customers meet modern indirect tax compliance challenges globally, including in Europe, the United States, Brazil and elsewhere. And we’ve now established operations in Germany with the acquisition of an experienced, talented team aligned to our mission to Solve Tax for Good®. Our new colleagues join more than 2,300 Sovos team members working in 14 countries toward that same goal. I welcome them, and look forward to continuing this important journey together.

Learn more about Sovos here.

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Author

Andy Hovancik

As president and Chief Executive Officer, Andy guides Sovos’ mission to deliver peace of mind through intelligent compliance for the 4,500 clients that are met with demanding tax compliance and reporting obligations while growing their businesses. Andy joined the company in January 2013 at a time when the industry expertise, market leadership and experience of Taxware, VAT Resource, Convey and ShipCompliant solutions were combined under Sovos to resolve businesses’ most complex compliance challenges on a global scale. His leadership experience spans more than 25 years, during which time he has successfully grown technology companies with a forward-thinking approach to solving key challenges in the services and manufacturing industries. With 15 years of experience in regulatory and compliance software, Andy understands the challenges faced with business-to-government compliance and ensures Sovos serves as a proactive partner in compliance, rather than a reactive solution. Andy holds a B.A. in Business Management & Marketing from Cornell University and an M.B.A. from Tulane University.
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