Phocas | BI and Financial Planning and Analysis vs Sovos E-Commerce EU VAT Reporting (OSS/IOSS) for SuiteTax

Phocas Software provides a company-wide and industry-matched SaaS data analytics solution. Phocas makes it easy to drill down through all levels of NetSuite data from high-level visual summaries into the underlying data and arrive at insights to make better decisions in manufacturing, distribution and retail businesses. Phocas presents a business’ essential data in an intuitive interface that is easy to access historical and predictive and prescriptive analysis, and is preferred by non-technical people from sales to purchasing to executives. From day one with Phocas, users get tracking and reporting on essential KPIs and metrics that are specific to role and industry. But users can also add custom measures, dimensions, dashboards and scorecards to meet the unique reporting needs of their business. What users love about Phocas is it lets them explore their data, following their train of thought to find answers to their questions, completely unrestricted by canned reports and drill paths.

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.