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Sovos Partners with Tungsten Automation to Enhance Accounts Payable Compliance Solutions

Jul 09, 20257 days ago

Contract Type

partnership

WilmingtonSoftware

Description

Sovos and Tungsten Automation have partnered to create an integrated compliant accounts payable solution. This partnership aims to streamline invoicing automation and ensure compliance with indirect tax regulations for businesses.

Company Information

Company

Sovos

Location

Wilmington, Massachusetts, United States

About

Sovos is transforming tax compliance from a business requirement to a force for growth. Our flagship product, the Sovos Compliance Cloud platform, enables businesses to identify, determine, and report on every tax obligation across the globe. Sovos processes 16 billion+ transactions per year, helping companies scale their compliance strategy in almost 200 countries. More than 100,000 customers – including half the Fortune 500 – trust Sovos’ tax and regulatory expertise and unparalleled integration with their business applications.

Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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