Bloomberg Tax & Accounting Fixed Assets vs. Sovos

Bloomberg Tax & Accounting Fixed Assets is the cloud-based software solution that automates and manages your fixed assets life cycle from construction and purchase to retirement. Our depreciation software helps you avoid the main pitfalls of fixed assets management: inefficiency caused by multiple platforms and needlessly complex processes, manual calculation errors, and keeping up with changing regulations.

Sovos is tax compliance software that helps businesses determine, report, and remit taxes and meet e-invoicing mandates across nearly 200 countries from a single platform. Companies use Sovos to automate sales & use tax and VAT determination, comply with real-time e-invoicing and continuous transaction control (CTC) mandates, file and remit returns, manage exemption certificates, and handle tax information reporting such as 1099 and related forms.