Sovos Compliance Featured in Risk & Compliance E-Magazine

November 17, 2015

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This blog was last updated on October 23, 2019

CMO, Troy Thibodeau, Discusses Software and Technology in the New Age of Global Information Reporting

Financier Worldwide is a leading publisher of news and analysis on the global business and finance market place. With leading products such as the monthly print publication, Financier Worldwide Magazine, the organisation has become recognised as a leading source of intelligence to the business and corporate advisory community. Each month Financier Worldwide magazine and financierworldwide.com deliver in-depth commentary, research, and practical analysis that bridge the gap between theory and practice in the complex world of business and corporate finance. In this current issue, focused on technology risk management, Chief Marketing Officer of Sovos Compliance, Troy Thibodeau, was asked to discuss the role of software and technology in global information reporting. Some of the questions he addresses include:

What are the key things that people should take away from the first year of FATCA reporting and how does it influence how an organisation approaches technology solutions?

To what extent do financial institutions need to modify their existing IT systems to full embrace the requirements of global reporting compliance?

What data management implications does global reporting compliance carry for financial institutions?

What sanctions do companies struggling to implement suitable technology solutions and platforms face?

What long-term impact will global reporting have on the way banks operate and the systems they implement and maintain?

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Sovos

Sovos is a global provider of tax, compliance and trust solutions and services that enable businesses to navigate an increasingly regulated world with true confidence. Purpose-built for always-on compliance capabilities, our scalable IT-driven solutions meet the demands of an evolving and complex global regulatory landscape. Sovos’ cloud-based software platform provides an unparalleled level of integration with business applications and government compliance processes. More than 100,000 customers in 100+ countries – including half the Fortune 500 – trust Sovos for their compliance needs. Sovos annually processes more than three billion transactions across 19,000 global tax jurisdictions. Bolstered by a robust partner program more than 400 strong, Sovos brings to bear an unrivaled global network for companies across industries and geographies. Founded in 1979, Sovos has operations across the Americas and Europe, and is owned by Hg and TA Associates.