Sovos and Axway Software Partner to Reduce Complexity of Global Tax Management
Sovos' one global solution for tax determination, continuous transaction control compliance and tax reporting reduces the potential risk associated with regional providers for Axway Customers
BOSTON, Nov. 24, 2020 /PRNewswire-PRWeb/ -- Global tax software provider Sovos today announced it has entered into a strategic partnership with Axway, a leading provider of API management and enterprise integration platform. By incorporating Sovos into their platform, Axway can now streamline the e-invoice management process and reduce the complexity of multi-country compliance for its customers.
As part of this partnership, Sovos' tax solutions will be packaged with Axway's AMPLIFY e-Invoicing Services, enabling Axway customers to access the full capabilities of the Sovos platform via a unified interface. This creates a single solution for customers to manage all their global invoice compliance challenges, eliminating the confusion and errors often associated with regional or country-specific solution providers.
Axway has been helping customers connect and integrate with their trading partners for decades. Through their AMPLIFY™ platform, they provide their customers access to a wide array of services and solutions that can be seamlessly connected without having to abandon existing applications or software.
"This partnership with Sovos enables us to offer our customers a single interface to manage all their tax compliance requirements no matter where they conduct operations," says Roland Royer, Axway chief customer officer. "Customers can now rededicate resources to strategic initiatives while we solve their tax problems for them."
Businesses are under pressure to move indirect tax compliance from the relative calm of periodic reporting to the mission-critical live exchange of their invoices and other key trading documents. By integrating its AMPLIFY e-Invoicing Services with Sovos, Axway ensures its customers do not need to worry about their invoice flows meeting ever-changing requirements as tax law enforcement becomes more real-time.
"Sovos fits into this model perfectly as we integrate with any existing system or infrastructure to solve tax challenges globally," said Christiaan Van Der Valk, vice president, strategy, Sovos. "Global reporting is becoming stricter, more complex and enforcement is ramping up. Companies can no longer afford to patch together makeshift solutions from local providers. They need a robust, global solution to meet the requirements of government overseers."
Solution capabilities under this partnership also address the issue of scalability. No matter how many transactions are completed or how many different jurisdictions are crossed, tax compliance is being managed seamlessly. Businesses can move forward with confidence knowing they are operating under the latest guidance set forth by government entities and that they are meeting all their compliance obligations.
Learn more about the Sovos Partner Program.
About Sovos
Sovos was built to solve the complexities of the digital transformation of tax, with complete, connected offerings for tax determination, continuous transaction control compliance, tax reporting and more. The company supports more than 8,000 customers, including half of the Fortune 500, operating in over 70 countries. Its SaaS products and proprietary Sovos S1 Platform integrate with a wide variety of business applications and government compliance processes. Sovos has employees throughout North America, Latin America and Europe, and is owned by Hg and TA Associates. For more information visit http://www.sovos.com and follow us on LinkedIn and Twitter.
About Axway
Axway revitalizes heritage IT infrastructures, helping more than 11,000 customers accelerate their digital journeys, add new business capabilities, and drive growth. With the AMPLIFY™ platform – which combines APIs, MFT, B2B integration, and content services – we guide innovation and enhance the customer experience faster and more securely than ever. Axway.com
Media Contact
Christina Dela Cruz, ARPR on behalf of Sovos, 8553008209, [email protected]
Joshua Molina, Axway, (480) 627-1891, [email protected]
SOURCE Sovos
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