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Sovos Intelligent Compliance Cloud

Name: Sovos Intelligent Compliance Cloud
Rating: 4.5 (2 reviews)

By Savos Compliance

Sovos Intelligent Compliance Cloud is a tax compliance and reporting software which provides three core functions on a single platform – tax determination, envoicing compliance, and tax reporting – in order to safeguard enterprise businesses from risks of modern tax. The platform serves enterprise and global organizations with complex buying and selling transactions, providing them with access to the tools and data they need to run their business anywhere, while adapting to changes in government regulations and technology requirements. The Sovos Intelligent Compliance Cloud provides the tools for regulatory analysis within a secure cloud platform, equipping organizations with a global solution for tax determination, eInvoicing compliance, and tax reporting. The enterprise-grade S1 infrastructure helps ensure that tax applications are highly reliable, scalable and secure. Features for indirect tax determination provide users with accurate, real-time rates for VAT, GST, sales and use tax, and various other taxes on transactions and purchases. Tools for tax reporting include transaction-level reporting, electronic filing, and tax information reporting, while eInvoicing compliance features provide users with real-time management of clearance and post audit capabilities including e-signature and e-archiving. The Sovos platform includes comprehensive APIs which allow organizations to connect all their current tax applications, financial systems and workflows. The configurable, rules-driven solution helps drive the organization’s current business workflow, allowing users to adapt to changes in systems, regulatory environment, as well as technical requirements for tax reporting and electronic invoice compliance. The S1 transaction data engine enables businesses to centralize their data in a secure data warehouse for a single source of truth for all important tax-related data, as well as for consumption by various applications. Regulatory content management capabilities ensure that all applications and data are up to date at all times.

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Highlights : About Sovos Intelligent Compliance Cloud

Tax paid/not paid on purchases to tax obligation comparison

Continuous vulnerability scanning

24/7 monitoring with full transparency

About Sovos Intelligent Compliance Cloud

Sovos Intelligent Compliance Cloud is a tax compliance and reporting software which provides three core functions on a single platform – tax determination, envoicing compliance, and tax reporting – in order to safeguard enterprise businesses from risks of modern tax. The platform serves enterprise and global organizations with complex buying and selling transactions, providing them with access to the tools and data they need to run their business anywhere, while adapting to changes in government regulations and technology requirements. The Sovos Intelligent Compliance Cloud provides the tools for regulatory analysis within a secure cloud platform, equipping organizations with a global solution for tax determination, eInvoicing compliance, and tax reporting. The enterprise-grade S1 infrastructure helps ensure that tax applications are highly reliable, scalable and secure. Features for indirect tax determination provide users with accurate, real-time rates for VAT, GST, sales and use tax, and various other taxes on transactions and purchases. Tools for tax reporting include transaction-level reporting, electronic filing, and tax information reporting, while eInvoicing compliance features provide users with real-time management of clearance and post audit capabilities including e-signature and e-archiving. The Sovos platform includes comprehensive APIs which allow organizations to connect all their current tax applications, financial systems and workflows. The configurable, rules-driven solution helps drive the organization’s current business workflow, allowing users to adapt to changes in systems, regulatory environment, as well as technical requirements for tax reporting and electronic invoice compliance. The S1 transaction data engine enables businesses to centralize their data in a secure data warehouse for a single source of truth for all important tax-related data, as well as for consumption by various applications. Regulatory content management capabilities ensure that all applications and data are up to date at all times.

Specifications

24/7 Support

Yes

Business Size

Mid-Market

Deployments

Cloud

Language Support

English

Platforms

Product Details

Features

Sales and use tax filing

Enterprise-grade S1 infrastructure

S1 transaction data engine

Regulatory content management

Adaptable rules-driven platform

API-enabled services and workflows

24/7 monitoring with full transparency

360 degree scanning and monitoring

Continuous vulnerability scanning

SSAE 16 SOC 2 Certified facilities

Exemption certificate management

Sales and use tax vendor-charged tax analysis

Tax paid/not paid on purchases to tax obligation comparison

Benefits

Sovos streamlines compliance-related tasks, bringing greater operational control, efficiency and reduced costs.

Sovos indirect tax determination tools provide always-accurate rates for sales and use tax, VAT and various other taxes on transactions and purchases.

Sovos stays on top of regulatory changes, helping users to feel piece of mind due to improved confidence that their organizations are in compliance.

By taking control of compliance, Sovos frees clients from unwanted tasks, allowing them to play a more strategic role in their organization.

Comprehensive APIs allow organizations to connect all their tax applications and financial systems to the Sovos platform.

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