- What is Sovos
- Product Quality Score
- Main Features
- List of Benefits
- Technical Specifications
- Available Integrations
- Customer Support
- Pricing Plans
- Other Popular Software Reviews
What is Sovos ?Sovos is a software for sales and use tax filing explicitly designed for manufacturers and retailers. It is one of the products designed by Sovos and is a cloud-hosted digital regulatory reporting and tax compliance solution. Sovos eliminates the manual processing of filing use taxes and sales, lowers the audit risks, and helps businesses stay updated with the fast-paced tax compliance requirements and government rules. Sovos ensures that you can obtain the latest data for your tax jurisdiction, be it local, city or state. The platform also supports e-filling of any taxes and it contains a library of tax forms and filing methods. The Sovos Sales and Use Filing can aggregate data that comes from other systems so you can calculate taxes correctly while preparing tax returns for filing property. Lastly, the software helps you prepare audits by giving you access to reports on your transactions.
Product Quality Score
Main features of Sovos are:
- Up-To-Date Data
- Updated Form Schedules
- Comprehensive Regulatory Analysis
- Automated Allocation
- Exemption Management
- EDI & SER Filing Methods
- Data Aggregation
- Bulletproof Audit Response
- Track Rates
- Custom Transaction-Level Reporting
- Detailed Rules, Rates, and Exemption Analysis
- Complete Audit Trail
The main benefits of Sovos are its latest data for each jurisdiction, detailed analysis and updated rules, exemptions, deadlines, and threshold methods. Read on to understand further.
Local and global users always face challenges of ever-changing business processes and tax requirements. Because of tax jurisdictions and rates, complications between government and business fiscal reporting prerequisites, and complex product exemptions and codes, the sales and use tax filing has become a tedious process. To help you deal with these better, Sovos provides a platform that delivers the latest data so you can cope with the growing tax changes.
Sovos Sales and Tax Filing gives you form schedules updated with the latest rates, rules, threshold, exemptions, filing methods, and deadlines. It even ensures that you have the latest data for any kind of tax jurisdiction that pertains to your business. This functionality also offers a complete library for tax filing methods and tax forms that can be implemented on your tax jurisdictions.
It enables you to easily organize your tax exemptions. It completely automates tax filing by supporting the methods that utilize Simplified Electronic Return (SER) and Electronic Data Interchange (EDI) technologies. The platform gives you control over other data from other systems, allowing you to aggregate data from the system, use correct tax calculation and verification, and properly file tax returns.
Different tax forms and rates can be monitored with ease since the platform manages all of them by utilizing a centralized location. For you to prepare audits, the software produces reports that deliver details regarding transactions. You can also customize your reports according to products, tax jurisdictions, and others. Also, it provides analysis regarding tax rules, exemptions, and rates.
- Small business
- Medium business
The following Sovos integrations are currently offered by the vendor:
- Sales Tax Institute
Sovos pricing is available in the following plans: