More significant presence in ASIA-PAC enables better communication and service for customers
(Singapore – September 18, 2024) Sovos, the always-on compliance company, today announced the expansion of operations in the Asia Pacific market. This move further underscores Sovos’ commitment to the region through the assignment of dedicated resources and a significant financial investment. With a legal entity now established in Singapore, Sovos is actively conducting business, and positioned to serve the tax and compliance needs of customers throughout the Pacific Rim.
In April 2024, Sovos took a significant step in establishing a foothold in the Asia Pacific region through its support of Malaysia’s e-invoicing mandate. While Malaysia led the way, the need for more dedicated solutions to address the future of e-invoicing requirements in other countries became clear and represents a substantial business opportunity in this market.
“We see tremendous growth potential in the Asia Pacific market driven by the increasing complexity of tax and compliance initiatives in this region,” said Kevin Akeroyd, Chief Executive Officer, Sovos. “Our Indirect Tax Suite, supported by strong local partnerships, is perfectly positioned to drive success in this region. Ensuring compliance while navigating a shifting regulatory landscape are mission critical for Sovos.”
Sovos’ Indirect Tax Suite, which includes e-invoicing, in addition to global tax determination, SAF-T, VAT filing and reporting is a highly functional solution for multi-national customers operating in this region. It offers unmatched global coverage, a future-proof compliance strategy and actionable insights. With rapidly changing regulations across Asia, Sovos is providing the extra support needed for our global customers to pursue business opportunities.
The Sovos APAC leadership team consists of James Buckley, Chief Commercial Officer – International, Alex Pavel, Managing Director for APAC, and Tanveer Ahmad, VP of APAC Sales and based in Singapore. This unit will work closely with customers and prospects alike to ensure they have the solutions in place to meet their tax and compliance needs of today, while preparing for changes in the weeks, months and years to come.
About Sovos
Sovos is transforming compliance from a business requirement to a force for growth. Our flagship product, the Sovos Compliance Cloud platform, enables businesses to identify, determine, and report on every tax obligation across the globe. Sovos processes 16 billion+ transactions per year, helping companies scale their tax and compliance strategy in almost 200 countries.
More than 100,000 customers – including half the Fortune 500 – trust Sovos’ regulatory expertise and unparalleled integration with their business applications. Learn more at sovos.com.
