Sovos Intelligent Compliance Cloud

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.