Finding New Strategies to Better Manage Tax Compliance

Tax compliance professionals face new and evolving challenges each day. Different countries, states, and local governments have different requirements. These regulations often change, leaving it up to companies to find solutions that keep them current and avoid any potential audits or inaccuracies.

Tax compliance teams can no longer afford to be reactive when it comes to keeping pace with evolving regulations. They must find solutions that allow them to be proactive and keep current, rather than waiting until a deadline to determine their tax burden.

Always-On Compliance

To help businesses remain compliant consistently, Sovos is offering its Sovos Always On traveling series of events. The series aims to help tax leaders stay on top of shifting regulations by delivering sessions that offer unique insights into cutting edge compliance strategies.

The series of one-day events will be at the following locations in Europe and the U.S.:

European Dates

• Paris, France – November 20, 2024
• Frankfurt, Germany – May 14, 2025

United States Dates

• San Diego, California – December 10, 2024
• Chicago, Illinois – December 12, 2024
• Dallas, Texas – February 12, 2025
• Philadelphia, Pennsylvania – April 8, 2025

The events will feature innovative sessions that will help organizations modernize their tax compliance workflows. The sessions will cover:

• Tax planning and strategy
• Compliance operations and systems
• M&A strategy and data integration
• Digital and ERP transformation
• Tax research and reporting
• Global finance efficiency

Modernizing Compliance

Tax compliance mandates are often advancing faster than organizations can keep pace with. Businesses cannot afford to simply install new solutions each time an update is required, they must overhaul the ways they think about and execute tax compliance. Companies should learn about adaptable and scalable solutions that can continue to adapt and scale along with global requirements.

The Sovos Always on agenda is curated to show businesses how they can adopt innovative digital finance transformation strategies and leverage advanced capabilities like AI to improve essential compliance workflows. Attendees can also gain crucial insights into modernizing compliance functions both at a technological and organizational level.

What This Means for SAPinsiders

SAP organizations have struggled to keep pace with the rate of change that now permeates tax compliance. While adopting new solutions can help address some of the issues, leading organizations have realized that they need to overhaul the way that they think about compliance to stay on the front foot and reduce the concerns of non-compliance.

With years of experience in the tax compliance space, Sovos has the ability to help organizations understand how to rethink essential workflows and improve tax planning and strategy. Sovos Always On can provide unique and targeted insights that companies need to remain compliant in 2024 and beyond. Those interested in attending can register on Sovos’ website.