Sovos and PwC Ireland Join Forces to Transform Business-to-Business E-Invoicing and E-Reporting Implementation
25 Junio 2024 - 2:00AM
Business Wire
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240625547740/en/
Media contact: Zeno Group for Sovos sovos@zeno.com