Sovos and PwC in Belgium Establish Joint Business Relationship to Accelerate e-Invoicing Implementation
March 28 2024 - 5:00AM
Business Wire
Sovos, the always-on compliance company, today announced a joint
business relationship with the Belgian PwC Firm PwC Business
Advisory Services bv/srl (hereinafter: “PwC”), leveraging the
companies’ complementary tax and advisory service expertise and
solutions to address vital e-invoicing and e-reporting needs.
Through this joint business relationship, Sovos and PwC clients
can access comprehensive services to adeptly tackle the
ever-evolving regulatory challenges linked to e-invoicing and
e-reporting, as additional countries look to join the more than 80
countries worldwide with existing e-invoice requirements.
Through implementation of the Sovos Compliance Cloud,
organisations will be able to identify and document client
e-invoicing regulatory requirements across various markets,
evaluate existing processes and technology, and align business
objectives. Introduced in February, the Sovos Compliance Cloud is
the industry’s premier unified, cloud-based tax compliance and
regulatory software platform that provides a holistic system of
record for global compliance.
“As companies navigate an increasingly interconnected and
dynamic marketplace, the need for a more integrated e-invoice
process has never been more crucial,” said Ellen Cortvriend,
partner, of PwC in Belgium. “The Sovos joint business relationship
allows us to deliver excellence in an e-invoicing-led global tax
compliance project today, with the ability to streamline the
e-invoice process even more over time.”
“With many clients of PwC in Belgium facing imminent e-invoicing
mandates, the Sovos Compliance Cloud platform ensures a quick and
successful integration,” said Alice Katwan, president of revenue,
Sovos. “Rapid and complex compliance changes create both tax and IT
challenges, from needing immediate tax determination at the point
the invoice is raised, to the integration of validated e-invoices
with periodic and SAF-T reporting. By reducing the operational
burden and providing a singular data view into their compliance
posture, Sovos and PwC allow companies to unlock tremendous
business value.”
For business leaders seeking to understand more about the events
driving regulatory changes and strategies to stay ahead of the
compliance risk curve, PwC and Sovos compliance experts will host a
complementary webinar, Have We Hit a Tipping Point for Global
Indirect Tax?, on 11 April 2024 at 2 p.m. GMT. Registration is
now open.
About Sovos
Sovos is a global provider of tax, compliance and trust
solutions and services that enable businesses to navigate an
increasingly regulated world with true confidence. Purpose-built
for always-on compliance capabilities, our scalable IT-driven
solutions meet the demands of an evolving and complex global
regulatory landscape. Sovos’ cloud-based software platform provides
an unparalleled level of integration with business applications and
government compliance processes.
More than 100,000 customers in 100+ countries – including half
the Fortune 500 – trust Sovos for their compliance needs. Sovos
annually processes more than 11 billion transactions across 19,000
global tax jurisdictions. Bolstered by a robust partner program
more than 400 strong, Sovos brings to bear an unrivaled global
network for companies across industries and geographies. Founded in
1979, Sovos has operations across the Americas and Europe, and is
owned by Hg and TA Associates. For more information visit
https://sovos.com and follow us on LinkedIn and Twitter.
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.
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Zeno Group for Sovos Sovos@Zenogroup.com