About Sovos Compliance Network
Sovos Compliance Network is a native solution that covers all tax technology functionality for a future-proof and optimized strategy.
Compliance Network is pre-embedded into the leading enterprise systems and can be integrated into any application that you choose for your business. Compliance Network allows you to stay in control of your trading partner transactions, your data, and your tax reporting.
Powering compliance for a global network of 500+ local and international enterprise software vendors and service providers. | 100+ world-class compliance experts who engage proactively with governments and their organizations. | Used by half the Fortune 500, plus 10,000s enterprises & small businesses in 70+ countries. |
Sovos Compliance Network provides the following capabilities:
- AR and AP invoice management
- Manage regulatory requirements for any e-invoicing model through a consistent and global interface to meet your compliance and business needs. Track invoice statuses including rejection notices and views audit trails to support your business processes. Documents can be managed in several formats.
- Data extraction and mapping
- Identify and map required data for fiscal compliance to the correct schema defined by the local tax administration for tax-compliant invoices.
- Proactive validation
- Find and fix issues as early as possible through pre-built validation rules to ensure documents meet the local tax authorities' technical specifications.
- Flexible and easy integration
- Use standard connectors or Sovos' robust REST APIs to connect Sovos e-invoicing to several leading enterprise systems, such as SAP.
- Compliant archive
- Ensure compliance with local archiving requirements following e-invoicing legislation for storage periods and locations, and enable custom metadata and attachments to meet your compliance and business needs.
- Global transmission and government connectivity
- Transmit your fiscal documents directly to the relevant tax authority and the recipient for real-time approval. Receive your fiscal documents from the relevant tax authority. Sovos e-invoicing complies with the Continuous Transaction Control (CTC) requirements for most regions. Contact the sales team to know the jurisdictions currently supported by Sovos Compliance Network.
- Invoice monitoring and management
- Track invoice statuses including rejection notices and views audit trails to support your business processes. Documents can be managed in several formats.