Case Study: Nationwide cuts B notices by 34% in the first year with Sovos

Nationwide cuts B notices by 34% in the first year with Sovos

Nationwide turned to Sovos and its Sovos Tax Information Reporting solution after its previous vendor’s slow updates and inconsistent internal reporting exposed the company to compliance risk and placed a heavy burden on employees. The insurer needed a centralized, end-to-end platform to align reporting across departments and reduce manual work.

Sovos implemented a consolidated, automated reporting platform that aggregates data from Nationwide’s 17 feeder systems, manages transmittals and filings, and updates regulatory rules in real time. As a result, Nationwide cut B notices by 34% in the first year with Sovos, reduced penalty notices by more than a third, sped up and simplified filings, and freed resources to focus on core business.

Nationwide

Shannan Morris

Senior Tax Analyst Nationwide Financial