Sovos Earns SIIA CODiE Award for Best Compliance Solution

May 21, 2020

Global tax software provider Sovos today announced that its Sales & Use Tax Filing product has been named the Best Compliance Solution of 2020 as part of the annual SIIA CODiE Awards. The CODiE Awards recognize companies producing the most innovative business technology products across the U.S. and around the world. Sales & Use Tax Filing mitigates increased tax reporting risks following the Supreme Court’s ruling of South Dakota v. Wayfair in 2018, which requires businesses with nationwide nexus to track and comply with regulations in each of the 12,000 state and local tax jurisdictions in which they do business.

As part of the first global solution for modern tax, Sovos’ Sales & Use Tax Filing relieves the burden of new and varying sales tax nexus rules by automating filing obligations on behalf of retailers and direct-to-consumer (DtC) manufacturers. Sovos’ award-winning solution enables accurate, efficient management of hundreds of monthly state and local returns and sub-schedules, no matter how often regulations change. As an extension of its mission to Solve Tax for Good®, Sovos is leveraging its filing solution to offer one file-ready sales and use tax return at no cost throughout May 2020 for retailers and DtC manufacturers affected by COVID-19.

“As tax administrations adapt regulations and adopt technology to increase revenue by closing tax loopholes, businesses are increasingly at risk for penalties and fines, and progressively burdened to file more complex returns in more jurisdictions,” said Pawel Smolarkiewicz, chief product officer at Sovos. “Sovos’ Sales and Use Tax Filing was designed to solve these challenges for our customers. This award affirms the power and precision of our product to do just that, allowing our customers to solve the tax filing burden and thrive.”

SIIA President Jeff Joseph said, “Congratulations to this amazing group of 2020 Business Technology CODiE Award winners. These trying times have underscored the importance of innovative technologies like never before. The products and services we honor today connect us to colleagues and customers, ensure business practices move forward, provide new insights from data, and create new jobs and market opportunities. They represent the best of high-impact, outcome-focused innovation.”

The SIIA CODiE Awards are the industry’s only peer-reviewed awards program. The first-round review of all nominees is conducted by software and business technology experts with considerable industry expertise, including analysts, media, bloggers, bankers and investors. The scores from the expert judge review determine the finalists. SIIA members then vote on the finalist products, and the scores from both rounds are tabulated to select the winners. Judges have selected Sovos as a CODiE Award finalist three times. Sovos bested five other finalists to win the 2020 award.

Find details at https://www.siia.net/codie/Winners-Finalists/2020-Winners/Details/nID/1. For more information about Sovos Sales & Use Tax Filing, visit https://sovos.com/solutions/sales-use-tax/.

About Sovos
Sovos is a leading global provider of software that safeguards businesses from the burden and risk of modern tax. As governments and businesses go digital, businesses face increased risks, costs and complexity. The Sovos Intelligent Compliance Cloud combines world-class regulatory analysis with its secure, scalable and reliable S1 cloud software platform to create a global solution for tax determination, e-invoicing compliance and tax reporting. Sovos supports more than 7,000 customers, including half of the Fortune 500, and integrates with a wide variety of business applications. The company has offices throughout North America, Latin America and Europe. Sovos is owned by London-based Hg. For more information visit http://www.sovos.com and follow us on LinkedIn and Twitter.

About the SIIA 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.

Sign up for Email Updates

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

Additional Press Releases

Tax Information Reporting
March 30, 2021
Sovos to Provide Automated Tax Information Reporting for Celsius Network in 2020 Tax Season and Beyond

As largest filer of 1099 forms, Sovos will ensure Celsius crypto investors, borrowers and lenders remain compliant with IRS changes BOSTON, March 30, 2021 – Global tax software leader Sovos today announced that cryptocurrency P2P lending platform Celsius has selected Sovos for its 1099 crypto tax information reporting needs. U.S.-based investors, borrowers and lenders who […]

Read More
North America ShipCompliant
March 24, 2021
Sovos ShipCompliant and BigCommerce Announce Integration via iFuel, Expanding Merchant Support for the Popular Ecommerce Platform

With BigCommerce support via iFuel’s new Alcohol2Consumer integration solution, Sovos ShipCompliant expands its beverage alcohol industry-leading capability to enable compliant, frictionless real-time ecommerce for customers of all sizes and technologies (BOSTON) March 24, 2021 – Global tax software provider Sovos today announced that Sovos ShipCompliant is now integrated with BigCommerce through iFuel’s release of Alcohol2Consumer, an […]

Read More
Tax Information Reporting
March 23, 2021
New InfoBrief Highlights Increased Focus on Payments and Withholding to Gig, Contractors and MLM workers

BOSTON, March 23, 2021 — Global tax software provider Sovos recently sponsored an InfoBrief with global market research firm IDC to examine the heightened need for organizations with a large number of gig workers and contractors to focus on their 1099 and tax withholding management processes. The IDC InfoBrief “Tax Compliance has Entered the Spotlight” […]

Read More
North America ShipCompliant
March 9, 2021
73% of Craft Beer Drinkers Say the Pandemic has Increased Their Interest in DtC Beer, Yet Only 13 States Allow Interstate Direct Shipments

Majority of Consumers and Brewers Want Beer Shipping Laws Updated, Finds Sovos ShipCompliant’s First-Ever Direct-to-Consumer Beer Shipping Report in Collaboration with the Brewers Association (BOSTON) March 9, 2021 – Interest in direct-to-consumer (DtC) shipping of craft beer is strong and growing among regular craft beer drinkers, according to the new Direct-to-Consumer Beer Shipping Report released […]

Read More
Brazil
March 3, 2021
Sovos Acquires Fit Sistemas, Provides Complete, Connected Tax Compliance in Brazil

Following 2020 Taxweb acquisition, Sovos creates uniquely complete cloud solution for Nota Fiscal compliance in Brazil, with tax determination, continuous transaction control compliance and SPED reporting — all three pillars critical for managing modern digital tax BOSTON – March 3, 2021 – Global tax software provider Sovos today announced it has acquired  Brazil-based Fit Sistemas, […]

Read More