AI-driven Tax Compliance Service Expands for Manufacturing and Distribution Industries through Sovos-Epicor Collaboration
Epicor, a leading provider of industry-specific business software solutions, and Sovos, a global tax compliance and regulatory technology company, have announced a strategic partnership to help businesses manage complex tax compliance requirements.
The collaboration between Epicor's industry knowledge and Sovos' compliance technology provides customers with a distinct market advantage. According to Kerrie Jordan, Chief Marketing Officer and SVP of Product at Epicor, the partnership helps eliminate friction in compliance processes and lays the foundation for a more connected business.
The integration of Sovos' solution with Epicor Kinetic, Epicor's enterprise resource planning (ERP) system, aims to deliver automated, real-time tax management capabilities to manufacturing and distribution companies worldwide. Chris Clinton, chief partner officer at Sovos, stated that the solution delivers on the promise of effective tax compliance, fueling business expansion rather than creating obstacles.
The Sovos-Epicor integration transforms how manufacturers and distributors manage tax compliance. It spans VAT, sales tax, and e-invoicing mandates across multiple jurisdictions, providing Epicor Kinetic customers with the scalability needed to adapt as tax regulations evolve globally.
The partnership addresses the growing demand for connected and intelligent business systems, especially as supply chain operations become increasingly connected. The integration eliminates manual processes for customers, improving the accuracy and efficiency of tax calculations.
The Sovos-Epicor solution significantly lowers the financial risk of penalties and compliance failures for Epicor Kinetic customers. By automating real-time tax calculations, Sovos' always-on tax compliance solution, which is cloud-based and AI-powered, ensures compliance across multiple tax jurisdictions.
The collaboration reduces compliance errors for Epicor Kinetic customers, enhancing compliance management and reducing missed deadlines and audit preparation time. The partnership promises to free clients to concentrate on scaling their operations, addressing the critical need for manufacturers and distributors to maintain compliance across multiple tax jurisdictions.
In conclusion, the strategic partnership between Epicor and Sovos is set to revolutionise tax compliance management for manufacturers and distributors, offering a greater operational flexibility with a scalable cloud-based solution. The partnership is a significant step towards simplifying complex tax compliance requirements, making it easier for businesses to focus on growth and expansion.
