Technology
Sovos’ Global Tax Determination 8.8 Achieves SAP Certified Integration with SAP S/4HANA
Dec. 01, 2020
Global tax software leader Sovos has announced that its Global Tax Determination version 8.8 solution has achieved SAP certification as integrated with SAP S/4HANA and SAP S/4HANA Cloud. The integration helps organizations that use SAP S/4HANA 1909 and SAP S/4HANA Cloud, extended edition, run their enterprise resource planning (ERP) on-premise or hosted by SAP.
As the digitization of tax continues to raise compliance stakes worldwide, businesses need a complete solution for real-time tax calculation that supports them everywhere they do business, across both their purchasing and selling processes. Since the Global Tax Determination solution has SAP certified integration with SAP S/4HANA and SAP S/4HANA Cloud, it helps to ensure that businesses that use SAP technologies can keep pace with the breadth of U.S. sales tax rate and rule changes.
The shifting tax regulatory landscape means it is more necessary than ever for businesses to adopt solutions built for modern tax compliance. Organizations need solutions that drive operational efficiency and safeguard against the increasing audit risk from the ever-evolving state and local tax regulations. Sovos puts tax compliance software in the digital financial technology core, helping businesses that use SAP solutions to keep their own digital transformation initiatives moving forward.
The SAP Integration and Certification Center (SAP ICC) has certified that Sovos Global Tax Determination version 8.8 solution integrates with SAP S/4HANA and SAP S/4HANA Cloud using standard integration technologies. SAP S/4HANA is a future-ready ERP system, with built-in intelligent technologies, that transforms business processes with intelligent automation and runs on SAP HANA – a market-leading in-memory database that offers real-time processing speeds and a dramatically simplified data model. SAP S/4HANA Cloud is an innovative, lightweight cloud suite designed to help run a successful business in the cloud.
“Tax compliance is becoming increasingly complex, pushing companies to find streamlined solutions for real-time tax determination that easily integrates with their IT modernization push,” said Pawel Smolarkiewicz, chief product officer at Sovos. “Sovos offers continued reliability on user-centric solutions that operate on the most up-to-date regulatory requirements.”