Tax compliance solutions provider
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Sovos Intelligence helps detect discrepancies, reconciles data across systems and creates an auditable record of a team’s compliance position. At the heart of the platform lies the new Reconciliation Rules Engine. The engine continuously matches transactional e-invoicing data (ingested directly from the Sovos Compliance Network), VAT filing submissions, and SAF-T audit datasets against one another, applying customer-defined matching logic. It classifies outcomes as matched, unmatched or an exception, and surfaces only the discrepancies that require human judgment with every rule application being auditable.
Sovos calls this capacity “Mirror Visibility,” as it is a single governed data model that mirrors how tax authorities triangulate and assess compliance. It does so through identifying duplicate invoice submissions that inflate tax liability, enabling reconciliation between vendor reports and company submissions, and cross-referencing transactional, declarative and audit data to detect inconsistencies before enforcement.
“Governments now have a real-time view into a company’s tax data, but many businesses are still trying to piece that same picture together across disconnected systems,” said Sovos CEO Kevin Akeroyd in a statement. “Sovos Intelligence closes that gap by giving tax and finance teams a continuous, authority-aligned view of their compliance position. Armed with this information, they can detect issues, reconcile data and prove accuracy with regulators.”
Beyond the rules engine, the new update also includes the ability to ingest transactional e-invoicing data directly from the cloud-based Sovos Compliance Network for cross-checking documents. Users can also import non-Sovos data sources for developing reconciliation views regardless of where transactions and e-invoice data comes from or which government systems they are filed with, and automatically generate a queryable semantic model that can turn report output into input for the next year. Users can ask questions in plain language and receive answers with no SQL knowledge required; export large reconciliation datasets asynchronously and retain them on the platform; create, publish and share custom dashboards across the organization; and add comments directly on individual report rows during reconciliation, creating a documented close trail.
Sovos Intelligence works with other Sovos products in the company’s Indirect Tax Suite, drawing on data from the Compliance Network, VAT Filing, and SAF-T to produce a reconciled, cross-system view.
“The compliance intelligence gap is not a future risk,” said Ryan Ostilly, vice president of product management for Sovos, in a statement. “It’s today’s operational reality for multinational enterprises. Sovos Intelligence was designed with one goal, to give tax and finance teams the same view of their data that the authority has, continuously. We have expanded this vision into a full cross-system intelligence layer, and this is just the beginning: We’ll soon be extending these powerful insights to U.S. tax compliance obligations, including sales tax and information reporting and withholding.”
Sovos Intelligence is now available globally.
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