Sovos Tax Procurement SAP Ariba [shutterstock: 525951802, garagestock]
[shutterstock: 525951802, garagestock]
Logistics Press Release

Sovos Global Tax Determination For Procurement With SAP Ariba Is Now Available

Global tax software provider Sovos announced that its Global Tax Determination software is now available for early adopters on the SAP App Center.

Sovos Global Tax Determination integrates with SAP Ariba and delivers real-time tax calculations to customers in order to facilitate transactions in any jurisdiction accurately and efficiently.

Ensuring accurate rates for use tax is essential. You need to be right every time – in real time – no matter how often rates change or how many product and jurisdictional combinations you’re managing. Through Sovos’ invoice reconciliation process, you can support the entire invoice reconciliation workflow to ensure you are remitting the correct tax. Users can also easily automate the process of identifying and self-assessing the correct tax obligation on purchases.

With full visibility of their tax obligations, companies can reduce or eliminate manual and redundant processes.

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“The speed of regulatory change makes it a near impossibility to stay current and ensure the accuracy of rates for sales and use tax manually. During the digital procurement process, having a system in place to ensure accurate tax calculation for quotes, orders and invoices is critical for organizations to stay compliant,” said Monica Gauba, director of product management, Sovos.

Benefits of Sovos Global Tax Determination

Sovos Global Tax Determination for Procurement with SAP Ariba provides many benefits for customers looking to solve critical tax issues.

  • Easy to implement. Accelerate your ‘Go Live’ and reduce risk faster with simplified configuration.
  • Optimal cloud performance. Backed by the Sovos Intelligent Compliance Cloud and S1 architecture, Global Tax Determination delivers instant tax calculations even during peak transactional periods.
  • Do business anywhere. Save time, increase efficiency and establish peace of mind. Automated and accurate sales and use tax rates and rule updates for more than 185 federal, state and local jurisdictions for all sales and purchases are provided.

Source:
Sovos

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