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Sovos Legacy Tax Solution

Status: Unverified

Simplify your in-house tax process with a full end-to-end sales and use tax compliance solution from Sovos. Easily connect to Sovos’ Global Tax Determination (GTD) engine through our Built for NetSuite integration and confidently navigate tax complexities as your business grows. Further streamline your compliance processes with our connected tax technology suite, offering solutions for sales tax filing and exemption certificate management.

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Description

Sovos Legacy Tax Solution

Sovos gives clients peace of mind by simplifying tax compliance, providing greater control and visibility, and mitigating compliance risk.

Trusted by 290+ NetSuite customers, we provide businesses with the confidence needed to navigate an increasingly regulated world. Sovos’ cloud-based software platform provides an unparalleled level of integration with business applications and government compliance processes. Purpose-built for always-on compliance capabilities, our scalable IT-driven solutions meet the demands of an evolving and complex global regulatory landscape.

Key Benefits

  • Robust tax calculations for the U.S., Canada and beyond, backed by our industry-leading team of regulatory analysts
  • Templates are available to easily map your product and service codes to Sovos’ taxing logic
  • Easily calculate taxes and fees on domestic transactions and invoices, as well as accounts receivable credit memos
  • GTD is backed by our Active/Active infrastructure, delivering mission-critical uptime that our customers rely on
  • Additional capabilities to support your extended compliance needs

Why Sovos?

Sovos is a true partner for your organization. We take the time to understand your business processes and any industry-specific nuances before you sign a contract, ensuring our products are a good fit for your needs.

Sovos offers a hands-on implemenation process, featuring clear projected plans and defined responsibilities for both sides. Our professional services team keeps pace with yours to meet targeted go-live dates.

Our solutions are built to grow with you. For organizations with extended compliance needs, Sovos offers a complete suite of tax solutions to give you the confidence to do businesss in any jurisdiction :

  • Sovos Filing seamlessly integrates with GTD to help streamline your sales and use tax filing process
  • Sovos CertManager centralizes your customers’ exemption documentation and automatically applies valid certificates to orders
  • Benefit from support for e-invoicing and VAT compliance
  • Utilize the Built for NetSuite 1099 reporting solution
FEATURES

Robust Tax Determination Engine

Sovos Global Tax Determination delivers rooftop level accuracy and a vast library of goods and service codes to pinpoint the exact tax due at all jurisdictional levels. Our regulatory analysis team tracks hundreds of tax rate and form changes across the U.S. annually, ensuring correct tax due on all of your NetSuite transactions.

Solutions to Fit Your Business

Sovos works with global and domestic companies of all sizes to best solve their tax challenges. In addition to sales and use tax, Sovos offers Streamlined Sales Tax (SST) compliance for qualified sellers, VAT reporting solutions for global organizations, and more.

Filing Management and Remittance Services with Sovos Filing

Add Sovos Filing to help automate the complex process of sales and use tax filings. Sovos Filing helps companies of all types and sizes prepare, file and remit sale and use taxes on time in every jurisdiction where you do business, whether you want to be in control of your end-to end filing process or outsource to our team of expert preparers.

Fully Integrated Exemption Certificate Management Offering

Add exemption certificate management into your sales tax compliance process. The Sovos CertManager platform allows for the easy acquisition, organization and management of sales tax exemption certificates. Easily identify expiring or expired exemption certificates and mission or invalid certificates.

Supported Transaction Types

AR Transactions: Sales Order, Invoice, Cash Sales, Cash Refunds, Credit memo, Return Authorization