Articles from Sovos

Sovos, the always on compliance company, today announced the expansion of its SoviTM AI Tax Compliance Cloud platform. The new capabilities introduced include product tax code classifications for Sales and Use Tax (SUT) and data mapping. By using machine learning to analyze source data formats and product attributes to recommend the correct tax treatment, Sovi AI automates some of the most manual and error-prone processes in tax compliance. This helps global organizations improve accuracy and accelerate time to value.

Governments around the world are rapidly mandating real-time tax reporting, forcing businesses to rethink how they manage compliance. Sovos, the always-on tax compliance company, today released its 2025 State of Tax Compliance Report, an interactive digital experience and report built on data from 16 billion annual transactions of more than 100,000 businesses worldwide and monitoring of more than 19,000 global jurisdictions. The report offers finance and compliance leaders a region-by-region view of the challenges, risks, and regulatory shifts redefining tax management worldwide.

Sovos, the always-on tax compliance company, today announced the launch of OptiTax™, a purpose-built use tax management solution designed to help enterprise organizations transform their approach to use tax compliance from reactive to proactive financial optimization. 

Sovos, the always-on tax compliance company, today announced the appointment of Peter Gaffney as Chief Information Officer (CIO). Gaffney brings more than 20 years of distinguished technology leadership, engineering, systems, and security expertise to the role.

Sovos, the always-on tax compliance company, today announced that GENA, an international trade association for a large and dynamic community of e-invoicing service providers, has elected Christiaan van der Valk, GM, Indirect TaxTech, Sovos, as its new Chairman. GENA works to support business efficiency and innovation, while also supporting top public agenda goals, such as tax efficiency, environmental efficiency and social responsibility.

Sovos, the always-on tax compliance company, today announced the launch of ReportMyUP, a new product suite designed to streamline unclaimed property management and reporting. ReportMyUP expands Sovos' already robust unclaimed property portfolio, delivering a flexible, self-service platform that allows businesses instant access to unclaimed property management, while paying for only what they need.

Sovos, a leading provider of global tax compliance software, today announced a strategic partnership with Epicor, a global leader in industry-specific enterprise software solutions. This collaboration integrates Sovos' AI-powered tax compliance platform with Epicor Kinetic ERP, delivering automated, real-time tax management capabilities to manufacturing and distribution companies worldwide.

Sovos, the always-on tax compliance company, today announced the winners of its 2025 Partner of the Year Awards. The awards recognize partners who have demonstrated exceptional commitment to delivering value to mutual customers, driving innovation, and contributing to Sovos' continued growth in the global tax technology market.

Sovos, the always-on compliance company, today announced a global strategic partnership that will bring Sovos’ market-leading e-invoicing capabilities to Intuit customers, starting with QuickBooks. This is a global rollout that began in mid-2025, with planned expansion across dozens of major global markets over the next twelve months. As more governments and tax authorities around the world embrace e-invoicing, this partnership is a critical step toward providing Intuit’s customers with the necessary tools to ensure compliance with each country’s tax mandates for every transaction without the complexity, costs and risks of manual processes.

Sovos, the always-on tax compliance company, today announced it has entered into a definitive agreement to acquire the Tax Technology ASP business unit from APAC-based IRIS Business Services, a global regtech company providing compliance solutions to regulators, enterprises and financial institutions worldwide.

Sovos, the always-on tax compliance company, today announced Sovos Intelligence, the world's first AI-powered tax compliance intelligence solution. It empowers companies to get real-time insights on transactions and tax data.

Sovos, the always-on tax compliance company, today announced the launch of Sovi™ AI, a first-of-its-kind suite of embedded AI and machine learning capabilities purpose-built for tax compliance. Sovi is derived from the Latin roots sophia (wisdom) and vis (power). Sovi symbolizes smart power in action, a perfect reflection of Sovos’ embedded AI engine that drives a whole panorama of intelligent automation across the Sovos Tax Compliance Cloud platform. Sovi delivers unprecedented insight, automation, and reliability throughout every stage of compliance for e-invoicing, taxation and regulatory reporting.

Sovos, the always-on compliance company, and Tungsten Automation, the global leader in intelligent workflow automation solutions, today announced a strategic partnership to deliver a truly integrated compliant AP solution. This collaboration addresses the critical business need for seamless integration between accounts payable automation and indirect tax compliance in an era of increasing global regulatory complexity.

Sovos, the always-on compliance company, today announced that it has partnered with Shopify to launch Shopify Tax automated filing, a powerful new feature that automates the preparation, filing and remittance of sales tax returns for Shopify merchants. This feature is now available to eligible merchants in the United States using Shopify Tax.

Sovos, the always-on compliance company, today announced the appointment of Ann-Christel Graham as Chief Revenue Officer (CRO). With over 25 years of executive experience driving growth and SaaS transformation for leading software companies, Graham will oversee Sovos' global sales organization.

Sovos, the always-on compliance company, announced today that it has joined the Amazon Web Services (AWS) Independent Software Vendor (ISV) Accelerate Program, a co-sell program for AWS Partners that provides software solutions that run on or integrate with AWS. The program helps AWS Partners drive new business by directly connecting participating ISVs with the AWS Sales organization.

Sovos, the always-on compliance company, announced today that Sovos VAT Filing is now available in AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS).

Sovos, the always-on compliance company, today announced that they have achieved full SAP certification for its Indirect Tax Suite, which includes VAT and Sales Tax determination, e-invoicing and filing. With Sovos’ Indirect Tax Suite, SAP customers can implement a unified, global tax compliance solution aligned to their S/4HANA migration strategy. Sovos empowers businesses to future-proof their tax compliance strategies against increasingly complex tax environments and evolving regulations, thus reducing the risks associated with non-compliance.

Sovos, the always-on compliance company, has been named a Leader in the IDC MarketScape for Worldwide Value-Added Tax Management 2024 Vendor Assessment (Doc # US52732824, December 2024). The report noted, “Sovos VAT compliance solutions and services include full coverage for VAT reporting, continuous transaction control compliance, e-invoicing clearance, post-audit e-invoicing, and tax determination. In IDC’s evaluation, Sovos performed well in VAT functionality, especially VAT reporting, localized VAT support, recovery/reclaim, governance, and certifications.”

Sovos, the always-on compliance company, today announced the appointment of two executive leaders. David Woodworth joins Sovos as its chief financial officer (CFO), where he will lead all finance, accounting, tax and treasury matters of the company while overseeing financial integrations. Swati Garodia assumes the role of chief product officer (CPO), where she will lead the product, design, and content organization, set the company’s product strategy and work closely with the technology organization to accelerate Sovos’ platform vision. Both executives bring to Sovos extensive experience and expertise in leading global teams while delivering high-quality results for large portfolio companies.

Sovos, the always-on compliance company, today announced record-breaking performance during this year’s Black Friday and Cyber Monday shopping events. The company processed taxes on nearly 300 million items on these two days alone – of the 16+ Billion processed annually – showcasing the scalability and reliability of its global tax determination engine. On Black Friday, Sovos experienced a 92% increase in transaction count and Cyber Monday experienced a similar trend with a transaction volume increase of 83% compared to 2023. Despite these unprecedented volumes, Sovos maintained 100% uptime, ensuring uninterrupted service for its customers.

Sovos, the always-on compliance company, today announced the launch of 1099 Professional, a new solution designed to simplify tax information reporting for small and medium sizes businesses (SMBs). 1099 Professional expands Sovos’ comprehensive tax information reporting portfolio, offering SMBs an intuitive software solution for the preparation, electronic filing and print and mailing of 1099 and 1042-S forms.

Sovos, the always-on compliance company, has been named a Leader in the IDC MarketScape: European Compliant E-Invoicing 2024 Vendor Assessment (doc #EUR151806424, September 2024).The report noted, “Having intensified its investment efforts to building a solution that consists of capabilities in CTC, SUT filing, and tax determination, Sovos has emerged as a trusted advisor that provides advisory services for other vendors in the e-invoicing space, in addition to customers.”

Sovos, the always-on tax compliance company, announced the availability of its Indirect Tax Suite for SAP, the first of its kind, an end-to-end solution for indirect tax determination, e-invoicing, filing, and reporting. The indirect tax solutions work with any kind of SAP environment – ECC and S/4HANA (on-premise, private/public cloud). The Indirect Tax Suite is also fully aligned with SAP’s clean core strategy, ensuring businesses can maintain complete and continuous compliance across all tax and regulatory processes without compromising the integrity of their ERP systems. This approach reduces the complexity of tax compliance in their SAP environment, while supporting long-term system stability and scalability. It also helps businesses prepare and meet deadlines for future SAP upgrades — preventing tax challenges from hindering their implementations.

Sovos, the always-on compliance company, announced today that CRN®, a brand of The Channel Company, has named Heidi Biggar, Claire Hulett, Danielle Moore, Emily Cripe and Wendy Francis to the Women of the Channel list for 2024.

Sovos, the always-on compliance company, introduces its Indirect Tax Suite, a comprehensive, integrated solution to modernize how companies meet global indirect tax obligations. Part of the Sovos Compliance Cloud, the Indirect Tax Suite empowers enterprises to manage all of their indirect tax obligations with governments, buyers, suppliers and consumers.

Sovos, the always-on compliance company, announced that it has aligned with the Digital Business Networks Alliance (DBNAlliance) as an early member, marking a significant milestone in the initiative’s development. As a major player in the industry processing more than 11 billion transactions each year, Sovos’ membership is a substantial show of support for the DBNAlliance’s mission to rapidly deploy a framework of standards and supporting services for seamless electronic data exchange in the U.S., across the Atlantic and globally.

Sovos, the always-on compliance company, today announced enhancements to its Sovos Partner Network program, further elevating its commitment to transform compliance from a business requirement into a force for growth. The simplified program provides partners with an easy path to growth through new technology, revenue, and marketing opportunities.

Sovos, the always-on compliance company, today announced the availability of an enhanced Connector Marketplace, making it more efficient for customers and partners to connect to Sovos’ Compliance Cloud. Through these connectors, companies can seamlessly implement Sovos’ tax compliance and regulatory reporting solutions into their existing enterprise financial systems eliminating compatibility issues and ensuring data security and achieving always-on compliance.

Sovos, the always-on compliance company, has been honored by CRN®, a brand of The Channel Company, with inclusion in its 2024 Partner Program Guide. This annual guide provides essential information to solution providers exploring technology vendor partner programs that offer high value and align with their business needs and goals.

Sovos ShipCompliant and the Brewers Association today announced the results of the fourth annual Direct-to-Consumer Beer Shipping Report. Among the findings were nearly nine in 10 (86%) regular craft beer drinkers believe that current laws in the U.S. should be updated to make it legal to ship beer direct-to-consumer in more than the 12 U.S. locales where it is currently allowed. What’s more, this desire extends beyond regular craft beer drinkers to all legal drinking age Americans, with more than two in three Americans ages 21+ (68%) saying laws should be updated.

Global compliance technology solutions and services provider Sovos today announced that Charles Maniace, vice president of regulatory analysis & design, was recognized in Accounting Today’s Top 100 Most Influential People. The list identifies thought leaders, change-makers, regulators and others who are shaping the profession and charting its future.

Sovos, the always-on compliance company, today announced the launch of the Sovos Compliance Cloud, the industry’s first and only solution that unifies tax compliance and regulatory reporting software in one platform and provides a holistic data system of record for global compliance. The Sovos Compliance Cloud represents the culmination of more than eight years and hundreds of millions of dollars of investments in native engineering. That investment is combined with integrations into most ERP, P2P and eCommerce technology ecosystems and incorporates several billions of dollars of acquired, best-of-breed products from around the globe.

Global compliance technology solutions and services provider Sovos today announced the appointment of two new executives. Andy Hershey joins Sovos as its chief revenue officer, where he will lead the global direct sales and sales engineering organizations. Chris Lynch joins the company as chief marketing officer, where he will lead cross-functional teams across multiple marketing disciplines and direct all initiatives impacting the category-leading brand. Both leaders bring to Sovos extensive experience in managing growth initiatives for large portfolio companies, and in markets consolidating from point solutions to platforms.

Reflecting inflationary pressures and declines in winery visitation, 2023 brought a 6.5% decrease in year-over-year shipment volume to the direct-to-consumer (DtC) wine shipping channel, according to the latest Direct-to-Consumer Wine Shipping Report from Sovos ShipCompliant and WineBusiness Analytics. ShipCompliant is the beverage alcohol compliance business of global tax compliance technology solution and service provider Sovos.

Global compliance technology solutions and services provider Sovos announced today it has acquired North Dakota-based Aatrix Software, a leader in payroll tax forms, extending our leadership in compliance with enhanced capabilities across e-Filing for 1099 and ACA 1095 reporting and W2/payroll reporting – increasing our local, state and federal coverage. This acquisition brings together two companies with significant experience and expertise in helping small and medium-sized businesses navigate the complexity of tax and regulatory compliance.

Global compliance technology solutions and services provider Sovos today announced the appointment of Dominic Constandi as its new Chief Customer Officer. In this role, he will initiate and drive customer programs that maximize customer value, ensure client success, and leverage the Sovos portfolio of best-in-class solutions and services to deliver true confidence to businesses navigating the complex regulatory environment. Constandi brings more than 20 years of global customer expertise to Sovos, with extensive experience leading cross-functional teams within the financial services and technology sectors. Known as a creative and analytical leader, he has a proven track record of building strong teams within successful organizations.