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Sovos and PwC Ireland Join Forces to Transform Business-to-Business E-Invoicing and E-Reporting Implementation

Sovos, the always-on compliance company, today announced a joint business relationship (JBR) with PwC Ireland, leveraging both organisations’ complementary tax compliance expertise and technology so...

Business Wire

LONDON: Sovos, the always-on compliance company, today announced a joint business relationship (JBR) with PwC Ireland, leveraging both organisations’ complementary tax compliance expertise and technology solutions to accelerate e-invoicing and e-reporting implementation at a time of increasing government mandates across the EU and the world. Through this collaboration, PwC Ireland aims to enhances its Tax Technology offering by providing value-added services and further strengthen client relationships. The JBR expands the firms’ collaboration, following the earlier agreement between Sovos and PwC Belgium.

Through this partnership, Sovos and PwC clients will access comprehensive solutions to adeptly tackle ever-evolving regulatory challenges. The need for skilled compliance guidance increases as more countries introduce e-invoicing and e-reporting requirements. In Ireland, VAT reporting modernisation is imminent, expected to mandate real-time reporting and e-invoicing across business-to-business and business-to-government transactions.

Organisations can automatically identify and document client e-invoicing and e-reporting regulatory requirements across multiple markets, creating a holistic data system of record for global compliance within the Sovos Compliance Cloud.

“By leveraging Sovos' advanced e-invoicing technology solutions alongside our implementation and technical expertise, we are poised to transform the way our clients manage their e-invoicing processes,” said Johnny Wickham, Tax Technology Partner, PwC Ireland. “Our seamless implementation services will facilitate a smooth transition, allowing clients to fully embrace the benefits of automated e-invoicing and e-reporting.”

“Tax authorities are accelerating the global shift toward e-invoicing and e-reporting because digitisation provides accurate, objective data, and even the smallest improvement in tracking businesses’ operations can save a country billions of dollars in lost tax revenue,” said Kevin Akeroyd, CEO, Sovos. “Compliance-related digital transformation also benefits business. A singular data view into their global compliance posture allows the thousands of multinational companies headquartered in Ireland – and those beyond – to unlock tremendous value from these insights; insights that can fuel business growth.”

About Sovos

Sovos is transforming compliance from a business requirement to a force for growth. Our flagship product, the Sovos Compliance Cloud platform, enables businesses to identify, determine, and report on every tax obligation across the globe. Sovos processes 11 billion+ transactions per year, helping companies scale their compliance strategies in 196 countries.

More than 100,000 customers – including half the Fortune 500 – trust Sovos’ regulatory expertise and unparalleled integration with their business applications. Learn more at sovos.com.

About PwC

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 151 countries with more than 364,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.

© 2024 PwC. All rights reserved.

Fonte: Business Wire

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