Sovos Launches OptiTax™ Solution to Transform Use Tax Compliance Management

New analytics-driven platform helps finance teams uncover exposure, recover lost cash, and streamline audit and compliance processes

ATLANTA--(BUSINESS WIRE)--Sovos, the always-on tax compliance company, today announced the launch of OptiTax™, a purpose-built use tax management solution designed to help enterprise organizations transform their approach to use tax compliance from reactive to proactive financial optimization. 

OptiTax represents a strategic advancement in Sovos' tax technology portfolio, offering a new kind of Use tax platform that is analytics-driven and ERP-agnostic by design. The solution addresses the critical challenge of use tax compliance - often called the "hidden tax compliance audit risk" - by providing finance teams with unprecedented visibility and control over their use tax obligations. 

"OptiTax transforms use tax from a back-office function into a strategic financial opportunity," said Swati Garodia, Chief Product Officer, Sovos. "In an era where audit risk is becoming increasingly data-driven, our customers are discovering that OptiTax isn't just about tax compliance, it's about cash preservation, audit risk mitigation, and strategic financial control." 

Built on Sovos' robust cloud infrastructure, OptiTax enables organizations to systematically review accounts payable transactions, identify overpaid taxes for recovery, and detect under-accruals before audits begin. The solution replaces brittle integrations and consultant-led clean-ups with a scalable, automated approach that delivers measurable financial results. 

Key OptiTax capabilities include: 

• Advanced Analytics and Recovery: OptiTax's intelligent algorithms analyze historical AP data to identify tax overpayments and under-accruals, enabling companies to recover substantial amounts. One recent implementation helped a financial services company recover $1.8 million in overpaid taxes and fix $750,000 in under-accruals across two years of transactions. 

• ERP-Agnostic Integration: The solution seamlessly connects with existing enterprise systems without requiring customization, making implementation faster and more reliable than traditional point solutions. Functionality can often be realized in just days.

• In-Period Compliance Monitoring: OptiTax provides continuous oversight of use tax obligations, comparing taxes paid and unpaid on purchases against actual tax requirements with complete visibility across all vendor invoices, moving analysis from post-compliance and pre-audit to pre-compliance. 

• Intelligent Process Optimization: The platform learns from transaction patterns and enables organizations to configure validation rules that improve accuracy over time, working proactively with vendors to prevent future errors. 

The launch of OptiTax demonstrates Sovos' continued commitment to innovation in tax compliance technology, building on the company's deep expertise in managing complex regulatory environments across global jurisdictions. The solution integrates seamlessly with Sovos's comprehensive suite of tax and compliance tools while delivering immediate value through automated insights and recovery opportunities. 

OptiTax is available to customers immediately and backed by Sovos' comprehensive support infrastructure, professional services team, and regulatory expertise that serves more than 100,000 customers worldwide. 

About Sovos 

Sovos transforms tax compliance from a business requirement into a growth driver. The Sovos Compliance Cloud platform helps businesses identify, determine, and report on tax obligations globally, processing 16+ billion transactions annually across almost 200 countries. 

More than 100,000 customers, including half the Fortune 500, trust Sovos’ expertise and integration capabilities. Learn more at sovos.com.