Sovos, known as the always-on compliance company, has made headlines with the introduction of the Sovos Compliance Cloud.
The Sovos Compliance Cloud was developed in response to the growing complexity and risk in global tax and regulatory environments. Businesses are increasingly finding themselves exposed to compliance risks and inefficiencies when addressing these challenges with disparate solutions.
Sovos is a global leader in providing tax, compliance, and trust solutions that empower businesses to navigate the complex regulatory landscape with confidence. Their cloud-based software platform integrates seamlessly with business applications and government compliance processes, setting a new standard for always-on compliance capabilities.
The Sovos Compliance Cloud is a holistic solution designed to unify tax compliance and regulatory reporting. It offers unprecedented integration capabilities with most ERP, P2P, and eCommerce technology ecosystems. The platform simplifies compliance by providing a unified system of record for global data, significantly reducing risk and inefficiencies.
This platform represents over eight years of native engineering investment, alongside integrations of several billions of dollars worth of acquired, top-tier products globally. It enables businesses to achieve greater visibility and economies of scale within their technology infrastructure, ultimately saving time, money, and reducing risk.
Sovos CEO Kevin Akeroyd said, “It’s time to transform tax compliance from a business requirement to a force for growth. Sovos recognized this need almost a decade ago and invested in building the industry’s only truly integrated, complete compliance solution. Just as enterprise resource planning (ERP), customer relationship management (CRM), and human capital management (HCM) all shifted from disparate point solutions to holistic system of record platforms that unlocked tremendous business value, the Sovos Compliance Cloud does the same for tax and compliance.”
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