Sovos Global Tax Determination
Global tax determination and compliance for VAT and sales tax with e-invoicing and real-time reporting.
Executive Summary
Sovos Global Tax Determination is an enterprise-grade cloud solution designed to automate and streamline global tax determination and compliance for businesses operating across 70+ countries. It comprehensively covers VAT, GST, and sales tax, integrating essential capabilities like e-invoicing and real-time reporting to meet complex and evolving international tax mandates. The platform ensures accuracy by leveraging thousands of unique product codes and industry-specific content, adapting to diverse product types and scenarios. The solution provides automated, accurate tax rates and rule updates, significantly reducing manual effort and the risk of non-compliance. Its robust, cloud-native architecture is built for horizontal scalability, capable of handling unlimited transaction volumes, as demonstrated by processing over 305 million-line items with 100% accuracy during peak periods like Black Friday and Cyber Monday. This ensures businesses can maintain compliance and operational efficiency even during high-demand times. Sovos Global Tax Determination offers seamless integration with leading ERP systems such as SAP S/4HANA Cloud, NetSuite, Microsoft Dynamics, and e-commerce platforms like Magento. Through its comprehensive API, businesses can achieve programmatic access for data transfers, enabling real-time tax calculations and automated compliance workflows. This integrated approach empowers companies to manage their global indirect tax obligations efficiently, protect client data, and maintain trust through a security-first operational framework.
Use Cases
- Automating Global Indirect Tax Calculations: Automatically calculate sales tax, VAT, and GST for transactions across 70+ countries, ensuring accuracy and compliance with local regulations.
- Streamlining E-invoicing and Real-time Reporting: Meet country-specific e-invoicing mandates and real-time reporting requirements through an integrated cloud platform.
- Integrating with Enterprise Systems: Seamlessly embed tax determination capabilities into existing ERPs (SAP, NetSuite, Microsoft Dynamics) and e-commerce platforms (Magento) for end-to-end automation.
- Managing High-Volume Transaction Processing: Handle massive transaction volumes, such as during peak sales periods, with guaranteed accuracy and scalability.
- Ensuring Data Privacy and Security: Maintain compliance with global data privacy frameworks while protecting sensitive client data through robust security measures.
Features
Visibility
- Real-time Reporting: Gain immediate insights into tax liabilities and compliance status with real-time reporting capabilities for VAT, sales tax, and e-invoicing.
Intelligence
- Automated Tax Rule Updates: Automatically applies accurate tax rates and rule updates across thousands of unique product codes and industry-specific scenarios in over 70 countries.
Technical Specifications
- Architecture
- Cloud-native architecture designed for horizontal scalability to handle unlimited transaction volume, ensuring high performance during peak periods.
- Deployment
- SaaS
- Authentication
- OAuth/OIDC
- API Available
- Yes
Integrations
- SAP
- NetSuite
- Microsoft Dynamics
- Magento
Security & Compliance
Encryption: Data protection is a top priority, with encryption embedded in operations to secure client data and ensure compliance.
Pricing
- Starting Price
- Contact sales
- Target Customer
- Mid-Market,Enterprise
- Contract Type
- Annual
About sovos
Sovos provides tax compliance and regulatory reporting solutions delivered via cloud-based software to help organizations manage VAT, sales and use tax, e-invoicing, and other regulatory obligations. They serve large enterprises and partner with governments and financial institutions to automate tax determination, reporting, and compliance processes.