Case Study: Midsize Energy Company saves time on 1099 reporting with Sovos

A midsize energy company saves time on 1099s with Sovos

Midsize Energy Company, an independent oil and gas exploration and production firm in the western United States, faced reporting challenges after a 2015 ERP conversion left it unable to produce IRS forms 1099‑MISC and 1042‑S. After evaluating options, the company selected Sovos and its 1099 reporting solution to address the gap.

Sovos implemented an automated 1099 reporting system with built‑in regulatory updates, removing the need for the AP team to track changing IRS rules and perform time‑consuming test filings. As a result, the Midsize Energy Company’s AP employees now spend fewer hours preparing 1099s, experience less reporting hassle, and can devote more time to mission‑critical work.