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Precisely Spectrum Enterprise Tax vs. Sovos Intelligent Compliance Cloud

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Precisely Spectrum Enterprise Tax

    Score9 out of 10
    N/APrecisely's Spectrum Enterprise Tax, based on Spectrum Enterprise by Pitney Bowes, provides an automated support solution for delivering current and geographically-based determinations. The solution helps companies determine the correct tax jurisdiction in which a given address is located as well as the current tax codes that apply.N/A

    Sovos Intelligent Compliance Cloud

    Score3 out of 10
    N/AThe Sovos Intelligent Compliance Cloud includes tax automation capabilities, including sales and use tax, 1099 reporting, ACA reporting, VAT solutions, and FATCA compliance.N/A
    Pricing
    Precisely Spectrum Enterprise TaxSovos Intelligent Compliance Cloud
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    Precisely Spectrum Enterprise TaxSovos Intelligent Compliance Cloud
    Free Trial
    NoNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    NoNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details
    More Pricing Information
    Features
    Precisely Spectrum Enterprise TaxSovos Intelligent Compliance Cloud
    Type of tax
    Comparison of Type of tax features of Precisely Spectrum Enterprise Tax and Sovos Intelligent Compliance Cloud
    Feature
    Precisely Spectrum Enterprise Tax
    -
    Ratings
    Sovos Intelligent Compliance Cloud
    8.0
    1 Ratings
    5% above category average
    Sales and Use Taxes00 Ratings8.01 Ratings
    Cross-border Taxes00 Ratings8.01 Ratings
    VAT / GST Taxes00 Ratings8.01 Ratings
    Tax Reporting & Compliance
    Comparison of Tax Reporting & Compliance features of Precisely Spectrum Enterprise Tax and Sovos Intelligent Compliance Cloud
    Feature
    Precisely Spectrum Enterprise Tax
    -
    Ratings
    Sovos Intelligent Compliance Cloud
    8.0
    1 Ratings
    3% above category average
    Geolocation for Tax Assessment00 Ratings8.01 Ratings
    3rd-Party Software Integrations00 Ratings8.01 Ratings
    Tax Data Reporting00 Ratings8.01 Ratings
    Compliance Administration Management00 Ratings8.01 Ratings
    Tax Exemption Processing00 Ratings8.01 Ratings
    Tax Document Management00 Ratings8.01 Ratings
    Complex Tax Scenario Management00 Ratings8.01 Ratings
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    User Ratings
    Precisely Spectrum Enterprise TaxSovos Intelligent Compliance Cloud
    Likelihood to Recommend
    -
    (0 ratings)
    8.0
    (2 ratings)
    Support Rating
    -
    (0 ratings)
    7.0
    (1 ratings)
    User Testimonials
    Precisely Spectrum Enterprise TaxSovos Intelligent Compliance Cloud
    Likelihood to Recommend
    Precisely
    No answers on this topic
    Sovos
    In our case, sales and use tax are a must-have. With the recent change and continuous change in tax law, companies find it harder to comply with tax without a system. In our case, managing thousands of customers with thousands of tax codes - city tax, state tax, zone tax - proves to be a challenge. We need a system to minimize any exposure with federal and state tax law, and certainly protect us from an audit.
    Incentivized
    Read full review
    Pros
    Precisely
    No answers on this topic
    Sovos
    • They are good at updating the tax tables with all the new sales tax law changes
    • They are good at charging the correct sales tax amount as long as the software is set up or configured correctly
    • They are good at following up at sales tax correspondences
    Incentivized
    Read full review
    Cons
    Precisely
    No answers on this topic
    Sovos
    • The admin portal needs work - I cannot simply add and remove users, and have to create a case support. I think this is a low-hanging fruit Sovos is working on to resolve.
    • The UI could be improved.
    • The sync does not always happen instantly and sometime can take up to 24 hours.
    Incentivized
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    Support Rating
    Precisely
    No answers on this topic
    Sovos
    For the most part, the support team is responsive. However, with the recent switch from a legacy server to S1 server, Sovos created a problem for us. We simply can't upload a tax certificate. I logged a case with support, and they could not help, so they escalate to their senior technician. All in all, it has been more than 7 days, and they could not resolve a "simple" issue.
    Incentivized
    Read full review
    Alternatives Considered
    Precisely
    No answers on this topic
    Sovos
    I have used sales tax tables in the past and they are a lot more accurate as long as the configuration is done correctly up front. I have also used Avalara. Avalara has a more consumer friendly interface and better reporting function
    Incentivized
    Read full review
    Return on Investment
    Precisely
    No answers on this topic
    Sovos
    • It saved us a lot of time and money but eliminating the manpower needed to process manually ourselves
    • It helped reduce the time needed to follow up and resolve sales tax correspondences
    • It helped reduce costs and time to register in new taxing jurisdications
    Incentivized
    Read full review
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