Connor Group CG Vault vs Sovos E-Commerce EU VAT Reporting (OSS/IOSS) for SuiteTax

CG Vault helps companies on NetSuite address many critical controls and compliance requirements. This SuiteApp provides a fantastic starting point to accelerate the implementation of suitable controls in the NetSuite ERP environment and will continue to evolve to support NetSuite users' ongoing controls and SOX compliance. CG Vault is designed to tackle the most challenging controls and compliance hurdles. Pre-IPO companies will be able to enforce strong behavioral and operational standards and newly public companies to aid in the ever-challenging first year of SOX. Internal audit teams will see actual time and cost benefits. Established public companies can refine controls and compliance areas and reveal previously unknown exposed risk areas requiring mitigation

The EU E-Commerce VAT package came into force 1st July 2021. The rules require an expanded number of businesses to account for local VAT in the countries where they make B2C sales. Sovos offers a comprehensive Managed Service covering all relevant schemes: Union OSS, non-Union OSS and IOSS. This includes acting as Intermediary if required, easing the burden of the EU E-Commerce VAT Package and helping you to understand the right solution for your business. Extend your global reach without fear of noncompliance by leveraging our Built for NetSuite integration.