Today, we announced Sovos will acquire Istanbul-based Foriba, bringing another global pioneer of e-invoicing compliance into the Sovos solution. The Foriba acquisition marks a milestone for Sovos and for our customers around the world, who face a monumental shift in digital taxation. As tax administrations accelerate adoption of continuous compliance,
Sovos CertManager helps Bridgestone HosePower get proactive managing customer exemption certificates, estimated to reduce the time to satisfy an audit request from six weeks to one day, increasing operational efficiency and providing automated audit defense.
Unique software architecture, development framework and cloud infrastructure enables tax compliance in key business processes, connects with governments Boston, June 4, 2018 — Sovos, a leading global provider of tax software, today revealed its S1 cloud platform, which aims to drive the modernization of tax software in the face of
Earlier today, we announced that Sovos has acquired U.K.-based FiscalReps, Europe’s leading solution for Insurance Premium Tax (IPT) compliance. The acquisition does a few important things for our clients and the market as a whole: It adds IPT to our global solution for insurance companies, helping those businesses consolidate solutions
In June 2016, Sovos Compliance acquired Invoiceware International, supplementing our Latin American regional compliance platform with its global solutions. Our shared clients, such as The Coca-Cola Company, Brown-Forman, and Sun Chemical are already benefitting from the centralized solutions provided by this alliance. While Sovos offers a variety of products that
While many others were out enjoying summer, a major acquisition has taken place that affects the enterprise sales tax reporting industry. Oracle has acquired the e-commerce software company NetSuite. In a deal worth $9.3 billion, NetSuite was one of the first “cloud” companies. Larry Ellison, the chairman of Oracle chairman,
The Company- Fortune 500 Pharmaceutical multi-national
With electronic invoicing sweeping Europe and much of the rest of the globe just as it did Latin America, organizations need to be prepared to meet the challenges of new mandates. The 2018 Sovos TrustWeaver global e-invoicing eBook leaves absolutely no stone unturned in offering the most comprehensive information and
Ask any business student what the secret to commercial success is and they’ll tell you it’s profit margin, not just sales volume. Therefore, to be good at selling things you have to excel at buying them. Usually, companies have a strong incentive to tightly manage what’s called ‘direct supplies.’ These
By Andy Hovancik – President & CEO Today, we announced the acquisition of Stockholm-based TrustWeaver to create a clear leader in modern tax software. TrustWeaver has become a seal of approval for the world’s largest procure-to-pay and AP systems. This is a testament not only to the effectiveness of its
Earlier this year, the CFO of a mid-sized manufacturing firm received an audit notice from the state of Illinois. Nothing unusual, these things happen. Their sales tax systems were clean, fully automated, and had passed similar audits before. But this time, the problem wasn’t sales tax. The audit focused instead
Czech Republic E-invoicing Like many countries, the Czech Republic has experience with e-invoices for the purposes of reducing administrative strain, reducing associated costs and greater visibility into the nation’s transactions. It has yet to implement a full mandate on electronic invoicing for any type of transaction. This could change quickly,
Telecommunications Company in Latin America Undergoes Digitial Transformation, Reducing Fraud by 70% and Manual Operations by 60%
A major U.S. bank with $175+ billion in assets completed one of the largest bank acquisitions in recent years, expanding its footprint to more than 1,100 branches across 11 states.
Norway E-invoicing Norway is widely regarded as one of the more forward-thinking European countries when it comes to e-invoicing. Serving as one of the original Peppol adopters and having implemented a mandate for B2G transactions since 2011, Norway has long been on an e-invoicing journey. That said, it has yet
Interview with: Sergio Severo, Managing Director Sovos Latin America He was seriously considering retiring after an extensive and remarkable professional career when he received an invitation to lead our team in the region. Something about Sovos caught Sergio Severo’s attention, prompting him to abandon his retirement plans and share his
Argentina VAT Compliance: An Overview for Businesses Doing business in Argentina means meeting your tax compliance obligations. Adhering to requirements from multiple mandates, including both VAT and electronic invoicing, can be demanding for organisations. This page serves as an overview of tax obligations in Argentina, helping you to understand your
Global companies and those with global aspirations face a critical decision when evaluating their indirect tax compliance requirements and processes. Do they think globally or locally? Do they understand that indirect tax automation is not a luxury but an imperative? Do they view their automation decisions as a series of