Integrated with SAP S/4HANA®, Sovos’ scalable and flexible solution delivers e-invoicing compliance for customers
LONDON — August 16, 2022 —Sovos*, a global tax software provider, today announced that its Sovos E-Invoice Solution for India 1.0 is certified by SAP® for integration with SAP S/4HANA®. This solution was developed on top of Sovos’ next-generation SAP framework, which uses Sovos e-invoice solutions for Greece, India, Saudi Arabia, the Philippines, and Poland. It will also be used in Sovos e-invoice solutions for the EMEA region, including France.
“For any multinational business with operations in these countries, this certification provides both financial and IT teams with peace of mind that our next-generation framework has been developed in line with SAP’s stringent development standards and will run smoothly on S/4HANA systems as well as SAP ECC systems,” said Jean-Cyril Schutterle, director of product management at Sovos.
The Sovos e-invoice solution enables companies to manage their transactions according to country-specific e-invoicing mandates laid down by tax authorities, keeping them compliant, even when these regulations evolve, and ensuring the associated data in SAP S/4HANA is always up to date.
This latest certification complements the SAP-certified status granted to Sovos VAT Determination (TLI VAT Suite for S/4HANA) in March 2022, part of the Sovos VAT portfolio, following the acquisition of TLI Consulting in December 2021.
With the rapid pace of globalisation, governments continue to leverage technology to close tax loopholes. Though each country’s approach differs, the move toward real-time e-invoicing is transforming compliance at every point in the supply chain, often leaving businesses scrambling to turn continuous tax compliance to their advantage. Businesses need a single global platform for flexible, scalable e-invoicing.
For more information about the certification, please visit here.
SAP Integration and Certification Center (SAP ICC) has certified that the integration software for Sovos e-Invoice Solution for India v1.0 integrates with SAP S/4HANA using standard integration technologies. SAP S/4HANA is the next-generation business suite designed to act as the digital core, helping customers drive digital transformation across their organizations.
F.I.T BILGI ISLEM SISTEMLERI SERV. SAN ve TIC. A.S. is a partner in the SAP® PartnerEdge® program. The SAP PartnerEdge program provides the enablement tools, benefits, and support to facilitate building high-quality, disruptive applications focused on specific business needs – quickly and cost-effectively.
Sovos* registered in Istanbul as F.I.T BILGI ISLEM SISTEMLERI SERV. SAN ve TIC. A.S., was built to solve the complexities of the digital transformation of tax, with complete, connected offerings for tax determination, continuous transaction controls, tax reporting, and more. Its customers include Fortune 500 companies and businesses of every size operating in more than 70 countries. The company’s SaaS products and proprietary Sovos S1 Platform integrate with a wide variety of business applications and government compliance processes. Sovos is owned by Hg and TA Associates and has employees throughout the Americas and Europe. For more information, visit www.sovos.com and follow us on LinkedIn and Twitter.
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