Precisely Spectrum Enterprise Tax vs. Sovos Intelligent Compliance Cloud

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Precisely Spectrum Enterprise Tax
Score 9.0 out of 10
N/A
Precisely'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
Score 8.1 out of 10
N/A
The 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
Community Pulse
Precisely Spectrum Enterprise TaxSovos Intelligent Compliance Cloud
Features
Precisely Spectrum Enterprise TaxSovos Intelligent Compliance Cloud
Type of tax
Comparison of Type of tax features of Product A and Product B
Precisely Spectrum Enterprise Tax
-
Ratings
Sovos Intelligent Compliance Cloud
8.0
Ratings
2% above category average
Sales and Use Taxes00 Ratings8.00 Ratings
Cross-border Taxes00 Ratings8.00 Ratings
VAT / GST Taxes00 Ratings8.00 Ratings
Tax Reporting & Compliance
Comparison of Tax Reporting & Compliance features of Product A and Product B
Precisely Spectrum Enterprise Tax
-
Ratings
Sovos Intelligent Compliance Cloud
8.0
Ratings
2% above category average
Geolocation for Tax Assessment00 Ratings8.00 Ratings
3rd-Party Software Integrations00 Ratings8.00 Ratings
Tax Data Reporting00 Ratings8.00 Ratings
Compliance Administration Management00 Ratings8.00 Ratings
Tax Exemption Processing00 Ratings8.00 Ratings
Tax Document Management00 Ratings8.00 Ratings
Complex Tax Scenario Management00 Ratings8.00 Ratings
Best Alternatives
Precisely Spectrum Enterprise TaxSovos Intelligent Compliance Cloud
Small Businesses
TaxJar
TaxJar
Score 8.6 out of 10
TaxJar
TaxJar
Score 8.6 out of 10
Medium-sized Companies
LOVAT
LOVAT
Score 10.0 out of 10
LOVAT
LOVAT
Score 10.0 out of 10
Enterprises
ADP SmartCompliance
ADP SmartCompliance
Score 8.6 out of 10
ADP SmartCompliance
ADP SmartCompliance
Score 8.6 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Precisely Spectrum Enterprise TaxSovos Intelligent Compliance Cloud
Likelihood to Recommend
-
(0 ratings)
8.0
(0 ratings)
Support Rating
-
(0 ratings)
7.0
(0 ratings)
User Testimonials
Precisely Spectrum Enterprise TaxSovos Intelligent Compliance Cloud
Likelihood to Recommend
No answers on this topic
For eCommerce sites - make sure to integrate the sales tax engine with both the websites AND your ERP system so that the data written to the sales tax returns matches what you show in sales tax payable. Otherwise you will not be able to reconcile your GL Sales Tax Liability account.
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Pros
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  • 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
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Cons
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  • 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.
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Support Rating
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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.
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Alternatives Considered
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We have reviewed TaxJar and Avalara, but ultimately decided to go with Sovos. Avalara should work well based on various due diligence we have. However, we don't like the "bait-and-switch" approach, and the pricing is not clear at all. There always seem to be hidden fees. We actually used Avalara for a few months before opting out completely. TaxJar was a strong contender. However, at the time, it does not integrate with our ERP system.
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Return on Investment
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  • We can focus on generating revenue and be confident that our sales tax is fully handled by Sovos.
  • Sovos helps to eliminate any fines/penalties if we face an audit.
  • Having a system such as Sovos saves on manual and prone-to-error work.
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