TrustRadius Insights for LOVAT are summaries of user sentiment data from TrustRadius reviews and, when necessary, third party data sources.
Pros
Integration with e-stores: Users appreciate the seamless integration of LOVAT with their e-stores, eliminating the need for manual tax data transfer. Several reviewers have mentioned that this integration has made their process faster and more efficient compared to using Excel spreadsheets or uploading data manually.
Convenient tax data management: Many users like that at the end of each month, they can easily access all their tax data in their LOVAT account. This feature is seen as convenient and time-saving by several reviewers.
Flexible field requirements: The ability to make certain fields required and others optional in LOVAT provides flexibility in managing tax data according to different needs. Some users have found this feature beneficial in customizing their tax reporting process.
We've been using LOVAT for about 6 months, and it’s made our VAT filings incredibly easy.
Automation of returns across EU markets is fantastic
support is always there when you need help.
Cons
I wish the dashboard design was a bit more modern, but functionally it’s solid.
Likelihood to Recommend
I am a shopify-based shop owner and i sell products for EU market and as all countries have diffrent tax rules , LOVAT help with this and saves so much time for investigation of the taxes. I can sell now and expand my business to worldwide with LOVAT. Nice
As e-invoicing is mandatory in my country, LOVAT helps me to keep all entries up to date
Pros
Each country in Europe has different rules and to keep all of them in the head is quite complicated . LOVAT has all the resources and means to keep all up to date. Very good for me
Cons
Sometimes hard to know all tax related acronyms
Likelihood to Recommend
It is good for each ecom brand, for each business which is working more than his own country .
We use LOVAT to automatically file VAT tax returns. We have an online store, we sell to different countries, so without automation it would be a lot of paperwork. LOVAT takes care of the calculations, reminders, and the filing itself — it saves a lot of time.
Pros
The biggest plus is that everything is automated. We connected the store, everything works just fine: VAT was calculated, declarations were filed, nothing was forgotten.
Support is also standard - if something is unclear, they answer quickly and to the point.
Cons
Navigation in the dashboard is not very good. Sometimes it is a bit difficult to find the desired function the first time. For example, we did not immediately understand where to add new countries or reports. It would be cool to have tips in the interface
Likelihood to Recommend
LOVAT is great for online businesses selling in the EU or UK — fast registration and automated reporting. Less suitable for local companies without cross-border activity.
We
contacted LOVAT for help with VAT registration. We are also currently using a
trial subscription to the LOVAT software.
It is still too early for me to assess the advantages and disadvantages of
the software. However, I would like to acknowledge the LOVAT support team,
which has provided us with professional assistance in understanding the
intricacies of tax legislation in different countries and our obligations to
the tax authorities. I am very happy with the level of service that the LOVAT team has provided us.
Pros
they are well versed in taxes
professional assistance from the support team
VAT registration and communication with tax authorities
Cons
need to add integration with Squarespace
It would be nice to be able to add colleagues to your personal account for team work
Likelihood to Recommend
If a
company sells its services in several countries and needs VAT information in
different countries, as well as reminders about VAT payment deadlines, I
recommend using LOVAT.
Our company has several branches, worldwide, hence, we need to file sales returns instantly for tax compliance. With the help of LOVAT, the entire process is automated, with accurate tax computations, and this increases the operational efficiency of the firm.The tool has automated most of the tax processes, hence, the business needs no employees to conduct the process. The sales data is well fetched from different sources for efficient tax computation.
Pros
LOVAT has automated the tax processes
LOVAT allows the integration with several accounting solution for efficiency.
Accurate and immediate tax computation.
Cons
Nothing disturbing from LOVAT, as all features are automated.
Further, reports are shared on time, hence, no time complaints.
The tax solution is convenient and suitable.
Likelihood to Recommend
LOVAT provides excellent tax filing process, and the entire procedure is conducted online. Further, LOVAT collects the sales details efficiently, and through the software integration, there is efficient tax computation. The automation of every process speeds the process, and deliver timely reports.Finally, LOVAT operates in any global part, which is suitable.
In the beginning, I joined the platform to track thresholds. As soon as I exceed the threshold in Canada, LOVAT informed me of this and offered to help with registration. It was really convenient for me! Now I do not worry about filing reports, because I know that everything will be prepared and submitted without errors and on time. All the tax issues and compliance are extensively managed by LOVAT and we have no problems with different authorities when working with the program.
Pros
Threshold tracking is well managed by LOVAT
Prices, in terms of the subscription requirements.
Quick and clear answers from consultants
Cons
information on registration - in what terms it will be carried out, the cost
Field with the necessary questions to make it simple for the new subscribers.
A list of documents to be uploaded and fields for this uploads.
Service Request Number to track the status of the request.
Likelihood to Recommend
LOVAT is a suitable tax management platform, that is authorized, standard, and committed to making all the companies have an easy encounter when filing their tax reports and other related roles. More so, LOVAT meets all the compliance thresholds, which allows the reporting to be acceptable and all-inclusive. Finally, LOVAT is automated, and hence, no probability of errors and time wastage.
We were selling only in the US and were dealing with Sales Tax with which were familiar. However, when we decided to expand to the EU and Australia we realized that it's a completely different tax system and had many troubles in understanding how it works. Lovat team and their platform helped us by explaining everything and solved our matters with tax reporting and now we are using it for both the USA and EU and Australia as the platform supports all of these regions and we handle our tax reporting in one place in one account of our company.
Pros
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
Cons
Include bigger amount of transactions to be supported by subscription plans
Make 24 hour support
In some countries VAT returns are not submitted immediately
Likelihood to Recommend
The automatic calculation of tax returns is absolutely great as almost no manual work is needed but the information about imports is not picked up automatically by the system and has to be filled manually. Furthermore, the filing of VAT tax among other specific taxation requirements has been resolved by LOVAT.
In our company, the platform is mainly used by the tax department. The business task is always the same, I'm talking about the timely filing of taxes to the authorities and this brings the tax compliance aspect. And so far, we are successfully completing this task on a monthly basis without fail.
Pros
Responsiveness of support
Great speed of solving problems and questions
Consultation when it's needed
Cons
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
Likelihood to Recommend
In my opinion, the Lovat team is doing an excellent job. I got a good impression of this cooperation. If you need help with tax issues and filing of declarations, then these guys will definitely assist you and will try to do their best so that you don't miss the deadline
We use Lovat platform for VAT filing, which is a credible business operation. The software offers clear video instructions. That is very helpful. More so, LOVAT developer issues some documentations for simple learning. I can do my tax reporting without any problems. Lastly, LOVAT focuses on tax compliance, which ensures no state collisions due to failure of accomplishing the set laws.
Pros
Professional support, with short waiting time for answer
Free trial period. That helps to test the software before purchase
Regular updates according to the TAX rules and requirements in different countries
Cons
The support is only in English
No available support during weekends
Some search option of a specific transaction would be helpful
Likelihood to Recommend
It's well suited for e-commerce companies that sell abroad in various regions since it collects all the different data from different regions in countries in one place. However, for domestic sales it can't be the best solution as probably your domestic accountancy will require more professional tools. The program also supports tax compliance and accountability for companies.
We have solved the problem of our accountancy department having to dedicate a full time of our accountant in the main office just to fill excel spreadsheets for each country of reporting. We've also solved the problem of being sure that VAT was calculated correctly and tax rates are valid because our previous system didn’t have any automation. We were never sure when the tax rate had changed. We are sure that everything is valid and legally binding with LOVAT.
Pros
I love that we don’t need to send tax transaction data for our sales to LOVAT – it is simply integrated with our e-stores!
It makes the process so much faster than filling excel spreadsheets or uploading manually. At the end of the month, we simply see all of the data in our LOVAT account.
Collecting data takes time, and it's a waste of time when we can do it digitally.
I like that we can make some fields required and some optional and that I can use multiple selling platforms and be sure that I'm getting valid tax data.
Cons
I dislike that you have to have a departure address set for each order to calculate tax. A lot of our goods are stored in several warehouses, and I cannot predict where would be departure address.
It can also be overwhelming how many options there are when setting up the tax settings section. I wish it were easier to set up fields based on fields being checked with checkboxes.
Likelihood to Recommend
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