LOVAT vs. Taxify, by Sovos

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
LOVAT
Score 9.1 out of 10
N/A
Tax software for VAT/sales tax filing. LOVAT platform collects all tax data across any sales channel and files VAT returns in a minute. Accurate VAT calculation, tax due reminders, automatic filing, free data storing with the real-time support of tax expert team available. LOVAT enables the user to register a business for VAT and sales tax purposes in foreign countries where it stores goods or where it is selling products or services. LOVAT specializes in helping…
$40
Best option for small sellers and new companies
Taxify, by Sovos
Score 5.4 out of 10
N/A
Sovos Compliance now offers Taxify, a tax management, processing, and compliance application.N/A
Pricing
LOVATTaxify, by Sovos
Editions & Modules
Start-Up
40/month
Best option for small sellers and new companies
Standard
80/month
Most popular option for your VAT Compliance
Premium
500/month
Top quality level of VAT Compliance
No answers on this topic
Offerings
Pricing Offerings
LOVATTaxify, by Sovos
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsFor the complete version of the pricing with all addons and to calculate your fee please visit our website
More Pricing Information
Community Pulse
LOVATTaxify, by Sovos
Features
LOVATTaxify, by Sovos
Type of tax
Comparison of Type of tax features of Product A and Product B
LOVAT
9.8
16 Ratings
23% above category average
Taxify, by Sovos
1.0
1 Ratings
155% below category average
Sales and Use Taxes9.611 Ratings1.01 Ratings
VAT / GST Taxes10.016 Ratings1.01 Ratings
Cross-border Taxes00 Ratings1.01 Ratings
Tax Reporting & Compliance
Comparison of Tax Reporting & Compliance features of Product A and Product B
LOVAT
10.0
16 Ratings
24% above category average
Taxify, by Sovos
1.0
1 Ratings
155% below category average
Geolocation for Tax Assessment10.015 Ratings00 Ratings
Tax Data Reporting10.016 Ratings1.01 Ratings
Compliance Administration Management10.015 Ratings1.01 Ratings
Tax Document Management10.016 Ratings1.01 Ratings
3rd-Party Software Integrations00 Ratings1.01 Ratings
Tax Exemption Processing00 Ratings1.01 Ratings
Best Alternatives
LOVATTaxify, by Sovos
Small Businesses
TaxJar
TaxJar
Score 8.1 out of 10
TaxJar
TaxJar
Score 8.1 out of 10
Medium-sized Companies
Avalara
Avalara
Score 8.6 out of 10
LOVAT
LOVAT
Score 9.1 out of 10
Enterprises
ADP SmartCompliance
ADP SmartCompliance
Score 8.4 out of 10
ADP SmartCompliance
ADP SmartCompliance
Score 8.4 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
LOVATTaxify, by Sovos
Likelihood to Recommend
9.1
(16 ratings)
1.0
(1 ratings)
Usability
8.8
(4 ratings)
-
(0 ratings)
User Testimonials
LOVATTaxify, by Sovos
Likelihood to Recommend
LOVAT COMPLIANCE LTD
You need a way to calculate VAT on your remote sales and store tax documents electronically. As part of your evaluation, I would include LOVAT as an option. With LOVAT, we can also avoid asking clients to provide additional information at check out, which keeps our conversion rate higher. It's so easy to upload tax data, calculate VAT, and submit VAT forms
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Sovos Compliance
I would not recommend this software/solution. For the price they quote, I would look into other solutions as their software never fully supported our business and the filings were incorrect for years without resolution from customer serv. Their Resale Cert platform also lacked credibility- I suggest, look into other solutions to better support your filings.
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Pros
LOVAT COMPLIANCE LTD
  • Variety of subscription plans which are flexible thanks to possibilities of purchasing various add-ons.
  • Tax audit reports which are available for download is a great feature that allows us to have a deeper look to our transactions from different sales channels of ours.
  • The support team in always helped us with difficulties or questions that we had on different stages while working with LOVAT
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Sovos Compliance
  • veratax download
  • ticket system is average
  • average communication from rep via email
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Cons
LOVAT COMPLIANCE LTD
  • Some processes take extra time
  • It will take some time and preferably a demo call with the support team to learn how to use the software yourself
  • Unfortunately, consultation on really difficult questions can be obtained only for an additional fee
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Sovos Compliance
  • in my opinion, customer service could improve
  • in my opinion, implementation could be better to ensure accurate reporting
  • in my opinion, better rep support and pricing for smaller term contracts
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Usability
LOVAT COMPLIANCE LTD
The functionality is very powerful, and everything works as promised. But the interface needs improvement in places - sometimes you have to search for something longer than you would like.
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Sovos Compliance
No answers on this topic
Alternatives Considered
LOVAT COMPLIANCE LTD
Lovat is a product which is favorable in terms of cost, unlike the many tax software which are expensive and not affordable.Also, Lovat has some flexibility, where different procedures based on the companies demands can be personalized to suit its needs. Lastly, Lovat works in hand with the many programs that are in the accounting area.
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Sovos Compliance
We picked Taxify, by Sovos based on original contract price- would not recommend this as well as (with all the issues we have been experiencing) would rather spend the money and time on Avalara. When we asked for a 1 yr contract to limp along for the year, the price was quoted for about $70K which was triple our original agreement.
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Return on Investment
LOVAT COMPLIANCE LTD
  • Good functionality and regular update of the services.
  • This software is a good value for money especially taking into account a not very high price.
  • The support team is professional but available only at weekdays.
  • For the moment the support language is only English that may cause some inconvenience.
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Sovos Compliance
  • manual work to get accurate info- increase in manpower & time for accurate submissions
  • increase in time w. rep to fix or address issues without resolution
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ScreenShots

LOVAT Screenshots

Screenshot of Transactions section