The Only Global Solution for E-Invoicing Compliance

Value-added tax (VAT) is the most significant indirect tax for nearly every country on earth, but massive amounts go uncollected every year. In Europe, the annual VAT gap is similar to the GDP of Norway.

manage complex regulations

Ensuring e-invoicing compliance in more than 60 countries

To help communities thrive, governments around the world are embracing e-invoicing controls designed to close the VAT gap, but every country writes its regulations differently. Because there are no global rules for enforcement, compliance is notoriously complex — especially for multinational companies.

The other digital transformation

There is a right way and a wrong way to get real-time tax compliance done.

The move toward continuous and real-time tax compliance pushes businesses toward a digital transformation you might not have anticipated but to which you must quickly adapt.

Fragmented enterprise systems, technologies and processes make it hard to prosper in a world of modern tax.

Keep your business running smoothly, all over the world, with the only scalable, end-to-end solution capable of ensuring compliance in more than 60 countries.

Local knowledge, global reach

Covering 60+ countries

Stay ahead of the requirements and laws coming next in each country with clearance and post-audit expertise, and global coverage.

Nimble response for a dynamic landscape

With a hybrid cloud model and customization to seamlessly deliver regulatory updates, you'll have minimal need for IT involvement.

Embedded in the business process platforms you use today

More than 60 business process platform vendors offer Sovos e-invoicing compliance solutions.

Benefits of the Sovos S1 Platform

Lower costs

Reduce the IT costs of compliance support by up to 84 percent, and lower your transactional unit costs.

Simplified operations

With a single platform for managing accounts receivable, accounts payable, e-archiving and VAT reporting, boost employee productivity by 25 percent.

Decreased risk of penalties & reputational damage

Automate processes and verifications for clearance and post-audit countries, and link to all related documents, from purchase order to invoice to tax reporting.

Customers

Related content

E-Invoicing Compliance EMEA
July 10, 2019
Greek E-Invoicing Reform: Potential Impact of Recent National Elections

On 7 July, Greece began voting to elect a new government.  The disposed governing left party has been dealt with a hefty blow having been in power since 2015.  It was hoped they would introduce less severe politics which many claim they have not only failed to do but, in fact, they actually introduced stricter […]

E-Invoicing Compliance EMEA Italy
July 4, 2019
Italy Clarifies E-Invoicing Rules on the Transaction Date

From 1 July 2019, companies will benefit from an extension in the time frame from when an invoice must be issued.  Businesses can now wait for as long as 12 days to issue instant invoices after performing a transaction in Italy. The new interval is a result of the changes introduced by the Italian Parliament […]

Colombia E-Invoicing Compliance
June 27, 2019
Colombia: Electronic Invoicing and Reporting Requirements

Latin American compliance is a challenge for multinationals operating in the region. Inability to achieve or maintain compliance can cost companies hundreds of thousands or even millions of dollars each year. Colombia is a pioneer in electronic invoicing and VAT enforcement. For more details on the evolution and requirements of the mandate, fill out the […]

E-Invoicing Compliance
June 24, 2019
Indian GST Council Confirms Plan to Roll out B2B E-invoicing System

Last week, the Indian GST Council convened for its 35th session, this time chaired by the recently appointed finance minister, Nirmala Sitharaman. As expected, the topic of a nationwide mandatory B2B e-invoicing system was on the agenda, and the GST council confirmed two important principles: Scope: The e-invoicing system will cover only B2B transactions to […]

E-Invoicing Compliance Tax Compliance
June 20, 2019
Is India on a Path toward Mandatory B2B E-invoicing?

As more and more countries across the world depend on VAT, GST or other indirect taxes as the single most significant source of public revenue, governments are increasingly asking themselves what technical means they can use to ensure that they maximize the collection of the taxes due under the new tax regimes. India is the […]

E-Invoicing Compliance EMEA Italy VAT & Fiscal Reporting
June 20, 2019
From E-invoicing to E-ordering: New Mandate Coming to Italy in October

Italy has been at the forefront of B2G e-invoicing in Europe ever since the central e-invoicing platform SDI (Sistema di Interscambio) was rolled out and made mandatory for all suppliers to the public sector in 2014. While a number of its European neighbors are slowly catching up, Italy is continuing to improve the integration of […]

E-Invoicing Compliance EMEA
June 13, 2019
French VAT Fraud Prevention Package to Include a New Attempt to Mandate B2B E-invoicing

The French Minister of Public Accounts and Action, which has authority over all tax matters, has taken advantage of the process that is required to transpose the EU E-Commerce Directive to launch a number of initiatives to curb VAT fraud, including a renewed attempt to create a system of mandatory e-invoicing. Going from B2G to […]

E-Invoicing Compliance EMEA
June 5, 2019
France: New Mandatory Invoice Content Requirements Introduced

To help reduce delays in the payment of invoices, the French authorities by Ordinance No. 2019-359 of 24 April 2019 have clarified their invoicing rules to include two new mandatory content requirements.  These are in addition to those already in place. Effective from April 2019 the two new requirements stipulated in the France invoice mandate […]

E-Invoicing Compliance EMEA Italy
June 5, 2019
Italy’s E-Invoicing Mandate Extends to San Marino

Since Italy’s electronic invoicing mandate was introduced at the start of this year, suppliers performing cross-border transactions have been exempt from this obligation.  This is about to change as Italy and the enclaved country of San Marino will shortly agree on mutual mechanisms to allow the use of e-invoices for transactions between the two countries […]

Brazil Colombia E-Invoicing Compliance EMEA LATAM Mexico
June 3, 2019
Why Clearance E-invoicing Is Both Inevitable and Positive for Businesses

Clearance-model e-invoicing will sweep the globe because it works – at least for tax administrations. With the VAT gap opening to more than half a trillion dollars worldwide, governments around the world are likely to follow the Latin American model of tax authorities inserting themselves into transactions. A new report from Bruno Koch at industry […]

“Our biggest challenge was that Philips had a global IT architecture and strategy based on our ERP platform… the international team not only approved the adoption of the [Sovos] system; the solution became part of the overall architecture strategy.”

Alexander Quinze

CIO & Head of Operational Excellence at Royal Philips