Combined solutions will ensure resiliency, reduce complexity and
actively manage global regulatory compliance
ATLANTA, Nov. 1, 2023
/PRNewswire-PRWeb/ -- Global compliance technology solutions and
services provider Sovos today announced a partnership
with EXL, a leading data analytics and digital operations and
solutions company. This partnership combines Sovos' proven record
of accomplishment in delivering innovative tax software and
compliance solutions with EXL's expertise in consulting and
servicing for insurance organizations that want to automate their
processes.
The partnership between Sovos and EXL is a
game changer for customers in the insurance industry when it comes
to navigating the complexity of a modern regulatory
environment.
The insurance industry has long grappled with regulatory
compliance and tax management complexities. By partnering, Sovos
and EXL will provide their combined expertise to provide
comprehensive solutions that streamline processes, enabling
insurance companies to focus on their core business.
This partnership combines Sovos' proven record of accomplishment
in delivering innovative tax software and compliance solutions that
are highly interoperable with other mission-critical ERPs, business
processes, and eCommerce platforms; with EXL's expertise in helping
organizations automate core processes. As a result, customers will
be able to ensure resiliency, focus on growth drivers, minimize
enterprise exposure to risk, reduce complexity in business
processes and actively manage global regulatory compliance.
Key benefits for customers include:
- Seamless compliance: Insurance companies can now effortlessly
navigate the complexities of regulatory compliance through a
unified platform that simplifies tax reporting processes, reducing
the risk of errors and penalties.
- Efficient tax management: Comprehensive suite of tools for
sales and use tax management, enabling insurance companies to
calculate, track, and manage taxes in real-time accurately.
- Best in class technology: EXL applies data, analytics and
digital capabilities with Sovos' powerful tax solutions, creating
an intuitive and user-friendly interface that enhances operational
efficiency.
- Expert support: With the combined expertise of Sovos and EXL,
insurance companies will have a dedicated support team that
understands the intricacies of the insurance industry and can
provide tailored assistance.
"The partnership between Sovos and EXL is a game changer for
customers in the insurance industry when it comes to navigating the
complexity of a modern regulatory environment," said Alice Katwan, president of revenue, Sovos. "The
combination of Sovos' compliance and regulatory expertise and EXL's
data, analytics and digital capabilities will help insurance
companies solve some of their most challenging regulatory
compliance challenges."
"At EXL, we are dedicated to providing services that drive
efficiency and innovation," said Raghav
Jaggi, senior vice president of EXL's insurance business.
Teaming up with Sovos allows us to take our commitment a step
further by addressing the pressing needs of insurance companies in
a rapidly changing regulatory landscape."
For more about the Sovos and EXL partnership, please visit
our partner page.
About Sovos
Sovos provides businesses with the confidence needed to navigate an
increasingly regulated world. Offering a modern, IT driven response
to compliance, Sovos' solutions are scalable, reliable and secure
and provide a great user experience. Sovos has more than 100,000
customers, including half the Fortune 500, as well as businesses of
every size operating in more than 70 countries. The company's
cloud-based solutions integrate with a wide variety of business
applications and government compliance processes. Sovos has
employees throughout 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.
About EXL
EXL (NASDAQ: EXLS) is a leading data analytics and digital
operations and solutions company that partners with clients to
improve business outcomes and unlock growth. By bringing together
deep domain expertise with robust data, powerful analytics, cloud,
artificial intelligence and machine learning, we create agile,
scalable solutions and execute complex operations for the world's
leading corporations in industries including insurance, healthcare,
banking and financial services, media, and retail, among others.
Focused on driving faster decision-making and transforming
operating models, EXL was founded on the core values of innovation,
collaboration, excellence, integrity and respect. Headquartered in
New York, our team is over 48,000
strong, with more than 50 offices spanning six continents. For more
information, visit http://www.exlservice.com.
Media Contact
Amelia Wright, Alloy, on behalf
of Sovos, 8553008209, amelia.wright@alloycrew.com
Keith Little, EXL, +1
703-598-0980, media.relations@exlservice.com
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SOURCE Sovos