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Sovos Announces Collaboration with KPMG Canada
Global compliance technology solutions and services provider Sovos today announced a Collaboration Agreement with professional services firm KPMG in Canada, an extension of Sovos’ Strategic Alliance with KPMG in the US, which was established in 2022.
“This collaboration with Sovos will allow us to deliver even more value to our clients,” said David Raistrick, Partner, KPMG in Canada. “Sovos’ technology solutions combine with our tax advisory, compliance and implementation services to create a comprehensive tax compliance offering.
Collaboration with KPMG in Canada will provide Sovos clients with access to a comprehensive suite of tax compliance solutions, including tax determination, reporting and exemption certificate management. Additionally, KPMG in Canada will leverage Sovos’ expertise in tax technology and provide their clients with enhanced tax compliance services, including, but not limited to:
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Automated, accurate and comprehensive content supporting the combination of GST/HST/QST/PST rates and rules applying across Canada as well as VAT coverage across the world.
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Consolidated data for accurate tax calculation within a single system and leveraging certified adapters for Oracle and other ERP, ecommerce and purchasing systems.
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Lower costs, simplified operations, reduction in negative impacts to cash flow and decreased risk of penalties.
“It’s wonderful to expand our working relationship with KPMG by entering into this collaboration agreement,” said Jonathan Eisner, vice president, global alliances and chief channel officer, Sovos. “Our technology solutions combined with the largest provincial tax group and leading implementation services from KPMG in Canada will help provide growing businesses with the confidence they need to navigate the increasingly complex tax landscape that comes with cross border expansion.”
The collaboration between Sovos and KPMG in Canada is expected to have a positive impact on the tax compliance industry, as businesses seek to navigate increasingly complex and ever-changing regulatory requirements.
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