Sovos Revenue and Competitors

Digital technology has forever changed business. Now, it's transforming tax. Soon, tax enforcement will be part of every business process - and every transaction. As governments go digital, financial systems and traditional tax software can't keep up. And, businesses now face escalating risk and mounting compliance costs. Sovos was built for the digital future of tax. Global Coverage + Modern Cloud Software The Sovos Intelligent Compliance Cloud is the first complete solution for modern tax, combining tax determination, e-invoicing compliance and tax reporting on Sovos' reliable, scalable and secure S1 Platform. Sovos customers are more adaptable to regulatory change, more connected to the data they need to comply and more global in their approach to tax. As a result, Sovos is trusted by more than half the Fortune 500, including many of the world largest manufacturers, retailers and banks and insurance companies. The Intelligent Compliance Cloud reduces the burden and risk of modern tax across a wide variety of transactional tax regulations, including: • Global Tax Determination & Reporting (VAT, GST, Sales & Use Tax, Insurance Premium Tax) • Electronic Invoicing Compliance • Electronic Signature and Archiving Compliance • Tax Information Reporting • Automatic Exchange of Information (AEOI) automation • Beverage Alcohol & Regulated Goods Compliance