Software Alternatives & Reviews

Thomson Reuters ONESOURCE VS Sovos Compliance

Compare Thomson Reuters ONESOURCE VS Sovos Compliance and see what are their differences

Thomson Reuters ONESOURCE logo Thomson Reuters ONESOURCE

ONESOURCE tax software and solutions synchronize every aspect of your work and link international, country, state and local tax laws.

Sovos Compliance logo Sovos Compliance

True Confidence for a Regulated World
  • Thomson Reuters ONESOURCE Landing page
    Landing page //
    2023-04-06
  • Sovos Compliance Landing page
    Landing page //
    2023-10-08

Sovos is a global provider of tax, compliance, and trust solutions and services that enable businesses to navigate an increasingly regulated world with true confidence. Purpose-built for always-on compliance capabilities, our scalable IT-driven solutions meet the demands of an evolving and complex global regulatory landscape. Sovos’ cloud-based software platform provides an unparalleled level of integration with business applications and government compliance processes.

More than 100,000 customers in 100+ countries - including half the Fortune 500 – trust Sovos for their compliance needs. Sovos annually processes more than three billion transactions across 19,000 global tax jurisdictions. Bolstered by a robust partner program more than 400 strong, Sovos brings to bear an unrivaled global network for companies across industries and geographies. Founded in 1979, Sovos has operations across the Americas and Europe, and is owned by Hg and TA Associates. For more information, visit http://www.sovos.com and follow us on LinkedIn and Twitter.

Thomson Reuters ONESOURCE

Categories
  • eCommerce
  • Tax Preparation
  • Accounting
  • Tax Compliance
Website tax.thomsonreuters.com

Sovos Compliance

Categories
  • Financial Services
  • Retail
  • Manufacturing
  • Digital Services
  • Insurance
  • New Economies
Website sovos.com

Category Popularity

0-100% (relative to Thomson Reuters ONESOURCE and Sovos Compliance)
Tax Preparation
74 74%
26% 26
eCommerce
73 73%
27% 27
Accounting
85 85%
15% 15
Tax And Compliance Software

Questions and Answers

As answered by people managing Thomson Reuters ONESOURCE and Sovos Compliance.

Why should a person choose your product over its competitors?

Sovos Compliance's answer:

Sovos offers purpose-built cloud solutions and services for regulatory compliance to 100+ countries in support of more than 19,000 separate tax jurisdictions. Specializing in solutions for Value Added Tax (VAT), Tax and Regulatory Information (TIR), Sales and Use Tax (SUT) and Beverage Alcohol compliance.  

What makes your product unique?

Sovos Compliance's answer:

Sovos is guided by six organizational core values: Be Adaptable, Be Proactive, Be Collaborative, Be Professional, Be Accountable and Be Inclusive.

User comments

Share your experience with using Thomson Reuters ONESOURCE and Sovos Compliance. For example, how are they different and which one is better?
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Social recommendations and mentions

Based on our record, Thomson Reuters ONESOURCE seems to be more popular. It has been mentiond 1 time since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Thomson Reuters ONESOURCE mentions (1)

  • Portfolio questions for someone building a portfolio
    That's exactly my difficulty - all the work I had done is behind a paywall and requests of access or demos. One of their major competitors Thomson Reuters One Source. Source: about 3 years ago

Sovos Compliance mentions (0)

We have not tracked any mentions of Sovos Compliance yet. Tracking of Sovos Compliance recommendations started around Mar 2021.

What are some alternatives?

When comparing Thomson Reuters ONESOURCE and Sovos Compliance, you can also consider the following products

TaxJar - TaxJar simplifies sales tax filing for eCommerce sellers.

Avalara - Cut tax compliance costs, not corners. Avalara automates tax compliance and can help improve accuracy while reducing costs.

Octobat - Octobat provides automated tax-compliance and accounting for digital businesses.

Vertex Cloud - Vertex Cloud offers sales and use tax automation solutions.

Taxamo - SaaS solution for the new 2015 EU VAT rules

Vertex O Series - Centralize and streamline indirect tax management across the enterprise.