Sovos and Tungsten Automation partner to create compliant accounts payable solution
Sovos, the always-on compliance company, and Tungsten Automation, a global leader in intelligent workflow automation solutions, are collaborating to deliver a truly integrated compliant AP solution—addressing the critical business need for seamless integration between accounts payable automation and indirect tax compliance.
The combined solution supports both paper and PDF invoice capture using OCR and AI-powered technology for advanced document processing and connects seamlessly with supplier portals while integrating with ERP and procurement systems, according to the vendors.
It provides global tax determination and ensures real-time compliance with e-invoicing regulations. This approach reduces manual effort, accelerates processing times, and ensures multi-national organizations remain compliant with evolving global mandates to unlock operational efficiency, audit readiness, and peace of mind at scale, the companies said.
"The convergence of AP automation and tax compliance isn't just an operational advantage, it's become a business imperative," said Peter Hantman, CEO, Tungsten Automation. "Our partnership with Sovos addresses a critical C-Suite need in how enterprises approach their financial workflows. By integrating our proven automation capabilities with Sovos' comprehensive compliance expertise, we're delivering a solution that transforms AP from a cost center into a strategic advantage."
The Compliant AP solution works through five integrated stages:
- Invoice capture and data extraction: Tungsten's AI-powered OCR technology extracts data from any invoice format with intelligent validation
- Automated invoice matching and workflow routing: Automated matching against purchase orders and goods receipts within SAP systems
- Integrated tax determination and compliance validation: Sovos provides real-time tax determination at both the network and SAP stages
- Seamless ERP posting: Validated invoices are automatically posted to SAP with complete audit-ready documentation
- Real-time reporting and analytics: Comprehensive visibility into invoice status, AP cycle times, and tax liabilities
"This partnership represents the evolution of tax compliance from a reactive business requirement to a proactive growth enabler," said Kevin Akeroyd, CEO, Sovos. "By combining our deep tax expertise with Tungsten's automation leadership, we're not just solving today's compliance challenges, we're futureproofing our customers' operations against an evolving global regulatory landscape. This is exactly the kind of integrated innovation that transforms how businesses operate."
This strategic alliance builds upon a long-standing relationship between the companies, with Sovos previously serving as the embedded tax compliance engine within Tungsten's platform.
For more information about this news, visit www.tungstenautomation.com or https://sovos.com.