Kevin Permenter, Research Director, Financial Applications at IDC, says, "Compliance is now inside the transaction, elevating its importance and driving businesses to look beyond just meeting a minimum threshold. Now, the goal is a global view of compliance with a single source of data that allows them to generate actionable business intelligence." The Sovos Compliance Cloud proposes to address the five fundamentals for modern compliance: Connect, Identify, Determine, Report and Analyse. It offers comprehensive capabilities that cover the complete spectrum of a global business's needs by guaranteeing accurate filing on employee, vendor, and partner income.