Sovos, a global company that helps businesses with tax compliance and electronic invoicing, has decided to make Lisbon its main office in Europe. Rui Fontoura, the head of Sovos in Europe, said that Portugal is where the company’s only physical European office is located, along with Turkey. This move came after the company bought Petapilot and Saphety in 2021. Now, all the regional operations are based in Lisbon, with workers moving from the UK, Sweden, and the Netherlands.
Fontoura said that electronic invoicing is the main reason for the company's growth.
He mentioned that Portugal is slower in adopting B2B e-invoicing compared to countries like France, Italy, and Poland because it's not yet required by law. “Only when there's a clear timeline set by law will companies see the real benefits of digitalization,” he said.
Sovos is using AI in both its internal operations and the tools it provides to its customers.
Its new Sovos Intelligence platform uses AI to check invoices, SAF-T reports, VAT information, and other tax data. This gives businesses a clear view of what the tax authority sees. Fontoura said companies should aim for proactive compliance, not just reacting to rules. “It should be part of a company’s yearly plan to invest in a reliable and scalable solution-especially before new laws get stricter,” he added. Sovos will show these tools at the Portugal Digital Summit, with live demos, real examples, and opportunities to meet IT and compliance experts.
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