
Sovos, the always-on tax compliance company, today announced the launch of Sovi™ AI, a first-of-its-kind suite of embedded AI and machine learning capabilities purpose-built for tax compliance. Sovi is derived from the Latin roots sophia (wisdom) and vis (power). Sovi symbolizes smart power in action, a perfect reflection of Sovos’ embedded AI engine that drives a whole panorama of intelligent automation across the Sovos Tax Compliance Cloud platform. Sovi delivers unprecedented insight, automation, and reliability throughout every stage of compliance for e-invoicing, taxation and regulatory reporting.
Sovos, the always-on tax compliance company, today announced Sovos Intelligence, the world’s first AI-powered tax compliance intelligence solution. It empowers companies to get real-time insights on transactions and tax data.
Wendy Walker, VP of Regulatory Affairs at Sovos, called the new $2,000 reporting threshold for 1099-NEC and 1099-MISC forms a “huge change” that will impact nearly every U.S. business.
Contact: media@sovos.com