Sovos news and trends

This Week in B2B: Unlocking Working Capital With Cards and Automation
B2B Payments // October 03, 2024

It’s the dawn of a new era in B2B. New technologies are simplifying workflows, streamlining buyer-supplier transactions, and improving transparency — and the technical lift it takes to integrate them is getting smaller. In the global rush to digitize, many business-to-business (B2B) companies are realizing...

Sovos Debuts Indirect Tax Suite for SAP
Taxes // October 01, 2024

Tax compliance company Sovos has unveiled its indirect tax suit for SAP. The new offering, announced Tuesday (Oct. 1), is a “first of its kind” solution for indirect tax determination, electronic invoicing, filing and reporting that works in any SAP environment. “With our deep expertise in tax compliance and...

Navigating the IRS’s Dirty Dozen: Protecting The Enterprise From Tax Scams
Taxes // September 10, 2024

As Ben Franklin once said, nothing in life is certain except for death and taxes. And add to that a new pressing issue for businesses: the increasing prevalence of tax scams, particularly those involving fraudulent claims for tax credits. As a recent alert issued by...

Sovos President: 2024 Has Been ‘Stark Realization’ for Businesses
Opinion // September 05, 2024

Companies need a long-term strategy when it comes to tax and compliance so that no one event or outside factor can disrupt operations, Sovos President of Revenue Alice Katwan writes in a new PYMNTS eBook, “Beyond the Horizon: How to Identify Unexpected Threats That Could...

Interviews & Exclusives
Penalties Loom Large for Unclaimed Property Reporting Missteps

November 06, 2024
Tax season is officially over — even the Oct. 15 extension deadline has come and gone. But for banks and corporates, depending on the states in which they are doing business, another reporting season stretches into November, where they must review records for unclaimed funds and tangible property — from uncashed checks, deposit accounts, CDs […]

Navigating the IRS’s Dirty Dozen: Protecting The Enterprise From Tax Scams

September 10, 2024
As Ben Franklin once said, nothing in life is certain except for death and taxes. And add to that a new pressing issue for businesses: the increasing prevalence of tax...

Sovos President: 2024 Has Been ‘Stark Realization’ for Businesses

September 05, 2024
Companies need a long-term strategy when it comes to tax and compliance so that no one event or outside factor can disrupt operations, Sovos President of Revenue Alice Katwan writes...

Cross-Border eCommerce Is Reshaping B2B Procurement

August 20, 2024
The complexity of the business-to-business (B2B) space is primarily what causes it to lag consumer-facing innovations. B2B transactions and the regulations they are subject to have unique and elaborate characteristics...

Quick Reads
Sovos Debuts Indirect Tax Suite for SAP

October 01, 2024
Tax compliance company Sovos has unveiled its indirect tax suit for SAP. The new offering, announced Tuesday (Oct. 1), is a “first of its kind” solution for indirect tax determination, electronic invoicing, filing and reporting that works in any SAP environment. “With our deep expertise in tax compliance and decades-long partnership with SAP, Sovos has developed a platform unlike […]

Sovos and PwC Ireland Partner on eInvoicing, eReporting Compliance Solutions

June 25, 2024
Sovos and PwC Ireland partnered to help organizations implement eInvoicing and eReporting to comply with government mandates across the European Union and the world. The collaboration brings together the capabilities...

Sovos Adds Indirect Tax Solution for Global Enterprises

April 30, 2024
Sovos has launched a solution designed to modernize how companies meet global indirect tax obligations. The new Indirect Tax Suite is part of the Sovos Compliance Cloud and helps enterprises manage all their...

Sovos Enhances Partner Network Amid Demand for Tax Compliance Services

April 15, 2024
Compliance company Sovos has enhanced its Sovos Partner Network program to make it easier for partners to access new opportunities in technology, revenue and marketing. The program centers on the...