Sovos has 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.
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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
busi ness-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.
Commenting on this, PwC tax technology partner, Johnny Wickham, said: “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. Our seamless implementation services will facilitate a smooth transition, allowing clients to fully embrace the benefits of automated e-invoicing and e-reporting.”
Sovos CEO, Kevin Akeroyd, concluded: “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. 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.”
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