![]() ![]() In addition to supporting companies that engage in business-to-business transactions in the region, Sovos’ expanded VAT managed services reflect increasing compliance demands and risk for global companies selling into Europe. “With this acquisition, Sovos substantially increases our operations in Europe, where we already enjoy significant scale with more than 2,000 customers being served in the region.” “Accordance adds a leading service provider with a robust customer base and unique VAT expertise to our growing European organization, strengthening the foundation for future global expansion,” said Andy Hovancik, CEO, Sovos. By combining both companies’ managed services, Sovos can accelerate the introduction of intelligent data integration and data quality dashboards coupled with cloud interfaces for customers to more easily manage any VAT compliance model as regulations evolve. Technology-enabled managed services give companies the agility to pivot resources as needed in response to these changing tax compliance demands. Technology is creating opportunities to streamline the integration and analysis of transaction data, enabling both business optimization and government tax control. Sovos’ third acquisition of 2020 will help customers doing business in Europe easily navigate the transition ahead. ![]() Companies need to stay flexible during this global, digital transformation of tax, making both managed services and software essential. ![]() The acquisition comes at a critical moment for VAT countries, where businesses face a range of new regulatory mandates, from changes in periodic reporting to continuous transaction controls (CTCs). Accordance has been a Sovos partner since 2018 and has implemented Sovos VAT Reporting software to provide technology-enabled compliance services to its clients. Global tax software provider Sovos today announced it has acquired Accordance, a U.K.-based value-added tax (VAT) managed services company. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |