Sovo

Poppulo Names Ruth Fornell Chief Executive Officer

Retrieved on: 
Friday, December 15, 2023
ACI Worldwide, Fornell, Reward, Communication, Growth, Workplace, Travel, Management, Sovo

DENVER and CORK, Ireland, Dec. 15, 2023 /PRNewswire/ -- Poppulo, a leading communications experience software company, announced the appointment of Ruth Fornell as the company's new chief executive officer, effective Monday, December 18.

Key Points: 
  • DENVER and CORK, Ireland, Dec. 15, 2023 /PRNewswire/ -- Poppulo, a leading communications experience software company, announced the appointment of Ruth Fornell as the company's new chief executive officer, effective Monday, December 18.
  • "Our solutions help brands engage audiences through effective communications," said Ruth Fornell, Poppulo, incoming CEO.
  • Fornell, who succeeds co-founder David Levin, will lead Poppulo through its next evolution of growth.
  • "Poppulo's solutions help brands engage key audiences through effective communications and drive better business outcomes for the enterprise," said Ruth Fornell, Poppulo's incoming CEO.

BillingPlatform Adds 700+ Enhancements and Capabilities to its Market-Leading Revenue Lifecycle Management Platform

Retrieved on: 
Wednesday, December 13, 2023
Salesforce, ACSS, Vertex, Research, Forrester Research, Revenue recognition, NetSuite, CPQ, FTP, Growth, OAuth, API, SEPA, Verification, PayPal, Video game, Online shopping, Sovo

DENVER, Dec. 13, 2023 /PRNewswire/ -- BillingPlatform, the enterprise revenue lifecycle management platform for innovative business models, today announced its platform enhancements from the past year designed to support innovative pricing strategies, provide seamless onboarding from competitive or homegrown solutions and provide the scale, security and compliance for global deployments.

Key Points: 
  • BillingPlatform also launched its "Mediation Data Lake," which stores detailed transaction data for increased visibility into details to assist with operational and customer-facing requests.
  • Recognize & Report: BillingPlatform now offers its Revenue Recognition product standalone, independently of the core billing platform.
  • The company added functionality to simplify management of revenue contract changes and delivered new reports to provide additional views of Deferred Revenue over time to support financial reporting and monthly close processes.
  • Additionally, Vertex and Sovos tax engines have improved support capabilities and a new formula assist feature that makes it even easier to tap into the endless flexibility of BillingPlatform.

DRINKS Partners with Sovos to Offer a Full-Service Solution for Wineries and Alcohol Retailers on Shopify

Retrieved on: 
Tuesday, December 12, 2023
Autofill, LOS, DTC, Partnership, Online shopping, Sovo, Shopify

LOS ANGELES, Dec. 12, 2023 /PRNewswire/ -- DRINKS, the pioneering and leading operating system for alcohol e-commerce, today announced it has partnered with Sovos to provide wineries and alcohol retailers using the DRINKS App for Shopify with seamless Sovos ShipCompliant AutoFile integration. ShipCompliant is the beverage alcohol compliance business of the global tax compliance technology solution and service provider. 

Key Points: 
  • ShipCompliant is the beverage alcohol compliance business of the global tax compliance technology solution and service provider.
  • With this integration, by using the DRINKS App for Shopify, wineries and alcohol retailers benefit from:
    This partnership allows wineries and alcohol retailers to take advantage of Shopify's ecosystem and Sovos' ShipCompliant reporting tools for DtC shippers.
  • Alcohol merchants can now be easily connected to the AutoFile function through the DRINKS App, a true win-win for merchants on Shopify," said Alice Katwan, President of Revenue, Sovos.
  • The integration is now live and ready for use in the latest version of the DRINKS App for Shopify.

Sovos' Christiaan van der Valk Named Vice Chair of GENA

Retrieved on: 
Monday, December 11, 2023
Public policy, Human, GENA, Policy, White, Social responsibility, CIAT, Statistics, Pulse, Trade association, Tax Administration Reform Commission, News, Renewable energy, Online shopping, Sovo

ATLANTA, Dec. 11, 2023 /PRNewswire-PRWeb/ -- Global compliance technology solutions and services provider Sovos announced today that GENA (former EESPA), an international trade association for a large and dynamic community of e-invoicing service providers, has elected Christiaan van der Valk, VP of strategy & regulatory, Sovos, as its new Vice Chair.

Key Points: 
  • ATLANTA, Dec. 11, 2023 /PRNewswire-PRWeb/ -- Global compliance technology solutions and services provider Sovos announced today that GENA (former EESPA), an international trade association for a large and dynamic community of e-invoicing service providers, has elected Christiaan van der Valk, VP of strategy & regulatory, Sovos, as its new Vice Chair.
  • "Christiaan van der Valk is a world-renowned expert in the field of e-invoicing, evidenced by this elevation to a leadership role in this important industry association," said Kevin Akeroyd, CEO, Sovos.
  • An internationally recognized voice on e-business strategy, law, policy, best practices and commercial issues, van der Valk previously served as Chair of the Public Policy and Compliance Working Group at GENA for 11 years.
  • "It has been amazing to be a part of such a collaborative group and to truly make a difference in the e-invoicing world," said van der Valk.

Sovos' Global Tax Determination Technology Sees More than 30% Increase in Retail Sales Volume During 2023's Black Friday, Cyber Monday

Retrieved on: 
Friday, December 1, 2023
National Retail Federation, Growth, Wind, Database, Cyber Monday, Black Friday, Sovo

ATLANTA, Dec. 1, 2023 /PRNewswire-PRWeb/ -- Global compliance technology solutions and services provider Sovos reports that its global tax rate calculation engine and database continues to provide industry-leading performance and reliability amid increasing sales during the year's peak shopping days of Black Friday and Cyber Monday. On Black Friday, Sovos experienced a 56% increase in transaction count and a 10% increase in line-item count from 2022. Cyber Monday transaction count followed a similar trend, with a volume increase of more than 32% compared to 2022 numbers.

Key Points: 
  • On Black Friday, Sovos experienced a 56% increase in transaction count and a 10% increase in line-item count from 2022.
  • Cyber Monday transaction count followed a similar trend, with a volume increase of more than 32% compared to 2022 numbers.
  • From 24/7 monitoring to the state of Active/Active in place, Sovos teams succeed in providing clients with technology they can trust.
  • Retail sales tax complexities and nuances can often require quick system responses to rate changes, sales tax holidays, flash sales and more.

Sovos Approved as an IRS Modernized e-File (MeF) Business Provider for 1042 Returns

Retrieved on: 
Thursday, November 16, 2023
Modernized e-File, HUB, Risk, McDonnell Douglas MD-94X, Business, IRS, Organization, Radar, Form 1042, Online shopping, Medical device, Sovo

ATLANTA, Nov. 16, 2023 /PRNewswire-PRWeb/ -- Global compliance technology solutions and services provider Sovos today announced it has been approved by the IRS as a Modernized e-File (MeF) Business Provider for 1042 returns, in compliance with updated IRS e-filing requirements. Starting with tax year 2023 filings and beyond, financial institutions or businesses filing 10 or more information returns can no longer submit Form 1042 on paper, making e-File the only acceptable option. Sovos has launched a HUB page that further clarifies the issues and provides guidance to organizations facing this change.

Key Points: 
  • With e-File now mandatory for 1042 returns, Sovos is among first to be able to ensure compliance for businesses and financial institutions
    ATLANTA, Nov. 16, 2023 /PRNewswire-PRWeb/ -- Global compliance technology solutions and services provider Sovos today announced it has been approved by the IRS as a Modernized e-File (MeF) Business Provider for 1042 returns, in compliance with updated IRS e-filing requirements.
  • Using Sovos to file 1042 returns is the most seamless and efficient way to ensure compliance with IRS standards.
  • Using Sovos to file 1042 returns is the most seamless and efficient way to ensure compliance with IRS standards."
  • "With Sovos' approval as an IRS Modernized e-File Business Provider, we emerge as the go-to solution for businesses seeking comprehensive tax filing services.

Sovos Names Chris Clinton Its New Chief Partner Officer

Retrieved on: 
Tuesday, November 14, 2023
ISV, Blackbaud, SAP, MSP, GSI, GTM, Marketing, Partnership, EMC, Blue Prism, Growth, Management, Sovo, Citrix Systems

ATLANTA, Nov. 14, 2023 /PRNewswire-PRWeb/ -- Global compliance technology solutions and services provider Sovos today announced the appointment of Chris Clinton as its new chief partner officer. In this role, he will continue to accelerate the growth and scale of Sovos' global partner ecosystem. Investing in partner relationships to drive innovation and secure positive business outcomes for customers across complex regulatory environments remains a primary objective.

Key Points: 
  • Clinton to focus on strengthening partner ecosystem to drive innovation, growth and scale
    ATLANTA, Nov. 14, 2023 /PRNewswire-PRWeb/ -- Global compliance technology solutions and services provider Sovos today announced the appointment of Chris Clinton as its new chief partner officer.
  • In this role, he will continue to accelerate the growth and scale of Sovos' global partner ecosystem.
  • Clinton brings more than 25 years of global partner expertise to Sovos and is well-known within the partner community.
  • Prior to joining Appian, he held senior partner leadership positions at Blue Prism, SAP, Citrix, EMC/RSA, and Blackbaud owning global partner programs, operations, recruitment, marketing, business development, and partner sales.

Sovos Tax Determination Solution Wins Confeb Award for Seventh Consecutive Year

Retrieved on: 
Thursday, November 9, 2023
Tax, Legislation, Oscar, CFOS, Negotiation, Security (finance), Renewable energy, Sovo

ATLANTA, Nov. 9, 2023 /PRNewswire-PRWeb/ -- Global compliance technology solutions and services provider Sovos today announced that it has once again won the Confeb Award, considered the "Oscar" of the Brazilian tax and fiscal area. This is the seventh consecutive year Sovos has won this prestigious award.

Key Points: 
  • This is the seventh consecutive year Sovos has won this prestigious award.
  • Recognized as the best tax determination solution in the country, Sovos helps to alleviate challenges for enterprise companies that conduct complex transactions.
  • The Confeb Award is a testament to the continued quality of our solution and the direct impact it brings to business."
  • The Confeb board is made up of executives, including CFOs, tax directors, vice-presidents and CEOs of large companies operating in Brazil.

Sovos and EXL Join Forces to combine decades of solutions and consulting for the Insurance Industry

Retrieved on: 
Wednesday, November 1, 2023
Insurance, E-commerce, EXL, Organization, Risk, ERPs, Partnership, Sovo

ATLANTA, Nov. 1, 2023 /PRNewswire-PRWeb/ -- Global compliance technology solutions and services provider Sovos today announced a partnership with EXL, a leading data analytics and digital operations and solutions company. This partnership combines Sovos' proven record of accomplishment in delivering innovative tax software and compliance solutions with EXL's expertise in consulting and servicing for insurance organizations that want to automate their processes.

Key Points: 
  • This partnership combines Sovos' proven record of accomplishment in delivering innovative tax software and compliance solutions with EXL's expertise in consulting and servicing for insurance organizations that want to automate their processes.
  • The partnership between Sovos and EXL is a game changer for customers in the insurance industry when it comes to navigating the complexity of a modern regulatory environment.
  • By partnering, Sovos and EXL will provide their combined expertise to provide comprehensive solutions that streamline processes, enabling insurance companies to focus on their core business.
  • Expert support: With the combined expertise of Sovos and EXL, insurance companies will have a dedicated support team that understands the intricacies of the insurance industry and can provide tailored assistance.

Sovos' Second Annual Direct-to-Consumer Spirits Shipping Report Shows 87% of Consumers Want to Purchase Craft Spirits via DtC Shipping

Retrieved on: 
Tuesday, October 24, 2023
The Harris Poll, Alcohol and Tobacco Tax and Trade Bureau, Container deposit legislation in the United States, Beer, Alcohol, DTC, TTB, Craft, Drink, CMO, Wine, Liquor, Sovo

ATLANTA, Oct. 24, 2023 /PRNewswire-PRWeb/ -- Today's release of the 2023 Direct-to-Consumer Spirits Shipping Report from global tax compliance technology leader Sovos and the American Craft Spirits Association underscores a continued increase in the percentage of regular craft spirits drinkers who want to legally purchase their beverages of choice via direct-to-consumer (DtC) shipping. Sovos' beverage alcohol compliance business, Sovos ShipCompliant, leads the industry in automated alcohol beverage compliance tools, and its customers continue to see a significant, consistent increase in consumer preference for DtC shipping of alcoholic beverages, from spirits to wine to beer and more.

Key Points: 
  • And 81% of those likely to purchase spirits DtC say if they could purchase craft spirits DtC, they would do so at least once a month or more.
  • Sovos' 2023 report found that 80% of craft spirits drinkers, up from 74% in 2022, say they would purchase craft spirits from out-of-state distilleries via DtC shipping if they could do so.
  • Highlighting this, the report shows 43% of regular craft spirits drinkers who are likely to purchase craft spirits DtC say they would spend $100 or more a month.
  • The 2023 Direct-to-Consumer Spirits Shipping Report is the second annual collaboration between Sovos and the American Craft Spirits Association, which examines the craft spirits purchasing behaviors and intent of U.S. consumers.