Managing taxes and regulatory compliance is crucial for businesses of all sizes. Sovos is a popular software solution that helps companies streamline their tax and compliance processes. However, there are several other alternatives and competitors in the market that offer similar functionalities. In this article, we will explore the 10 best Sovos alternatives and competitors in 2024.

1. Avalara

Avalara is a leading provider of cloud-based tax compliance solutions. It offers a comprehensive suite of products and services for managing sales tax, VAT, excise tax, and more. Avalara's solutions are highly customizable and integrate seamlessly with existing ERP and e-commerce systems.

2. Vertex

Vertex is a trusted provider of tax technology solutions. Their software helps businesses automate and streamline tax processes, including calculating and reporting tax obligations. With Vertex, companies can ensure accurate and consistent tax calculations, reduce errors, and improve compliance.

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3. Thomson Reuters

Thomson Reuters offers a range of tax and accounting software solutions, including ones that specialize in tax compliance. Their software helps businesses stay up-to-date with changing tax regulations, manage tax filing, and mitigate risks. Thomson Reuters is known for its robust research and content, ensuring users have access to accurate and reliable tax information.

4. TaxJar

TaxJar is a popular alternative for businesses looking for a simple yet effective tax compliance solution. Their software automates sales tax calculations, reporting, and filing, making it easy for businesses to stay compliant across multiple jurisdictions. TaxJar also provides detailed reporting and analytics to help businesses gain insights into their tax obligations.

5. Vertex Cloud

Vertex Cloud is a cloud-based tax compliance solution that offers comprehensive tax technology for businesses of all sizes. It simplifies tax management by automating calculations, reporting, and filing processes. With Vertex Cloud, businesses can ensure accuracy, reduce compliance risks, and improve efficiency.

6. CCH

CCH, a Wolters Kluwer company, provides a wide range of tax software solutions for businesses and tax professionals. Their software helps businesses manage tax compliance and reporting, stay up-to-date with changing regulations, and minimize risks. CCH's solutions are designed to meet the needs of various industries and business sizes.

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7. ONESOURCE

ONESOURCE, developed by Thomson Reuters, is a comprehensive suite of tax and accounting software solutions. It offers modules for tax compliance, transfer pricing, reporting, and more. ONESOURCE enables businesses to streamline tax processes, improve accuracy, and stay compliant with evolving tax regulations.

8. Taxify by Sovos

Taxify by Sovos is a robust alternative developed by the same company. It offers a cloud-based solution for sales tax compliance, automating tax calculations, reporting, and filing. Taxify integrates with popular e-commerce platforms, making it a suitable choice for online businesses.

9. Tax Compliance by Avalara

Tax Compliance by Avalara is another alternative from Avalara specifically designed for tax compliance. It helps businesses automate sales and use tax calculations, monitoring, and reporting. With Tax Compliance, businesses can simplify tax compliance, reduce manual errors, and gain real-time insights into their tax obligations.

10. TaxAct

TaxAct is a user-friendly tax preparation software for individuals and small businesses. While it primarily focuses on tax preparation and filing, it does offer features for basic tax compliance. TaxAct can be a cost-effective alternative for small businesses that require a simple and affordable solution.

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In conclusion, while Sovos is a popular choice for tax compliance and regulatory management, there are several alternatives and competitors available in the market. Each alternative offers unique features and functionalities, catering to the diverse needs of businesses. Whether you are a large enterprise or a small business, exploring these alternatives can help you find a solution that best fits your requirements in 2024.