Earlier today, Sovos announced the acquisition of Ecuador-based Stupendo, which provides automated e-invoicing services and processes that are regulated by the Internal Revenue Service (SRI) of Ecuador. While this news should be of particular interest to businesses headquartered or doing business in Ecuador, it also re-emphasizes something important to all our customers about the way Sovos is growing, right alongside the growing, accelerating demands of the digital transformation of tax.
With each company we acquire, Sovos is prioritizing in-country expertise. It’s a global strategy that is rooted in our belief that tax is, ultimately, local. And our customers need the support of local teams, building solutions in response to local regulations, to help businesses prosper wherever they operate.
Today’s announcement follows recent Sovos acquisitions in Chile, Mexico and Brazil, countries with some of the world’s most complex and mature digital tax compliance regulations.
Source: SOVOS
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