Sovos acquires Flowie

Global tax compliance company Sovos has acquired Flowie, an artificial intelligence-powered finance platform, to help businesses automate financial transactions while meeting tax and regulatory requirements.

Announced on 1 October, the acquisition combines Flowie’s autonomous AI agents with Sovos’ global tax compliance database, allowing companies to manage invoicing, payments, procurement, collections and supplier onboarding through integrated workflows.

Flowie’s technology works with existing enterprise resource planning systems, potentially reducing the need for multiple financial applications.

Sovos CEO Kevin Akeroyd said the acquisition would allow companies to accelerate financial operations while managing regulatory risks.

“With the addition of Flowie, Sovos is delivering the industry’s first Compliant Finance Platform,” Akeroyd said.

The companies also introduced Sovos Graph, a system designed to connect business transactions, suppliers, customers and financial records with applicable tax regulations.

The platform will work alongside Sovos’ existing AI compliance tools to identify invoicing errors, reconcile financial data and support regulatory reporting.

Flowie co-founder and CEO Yann Ravel-Sibillot said integrating compliance information directly into automated workflows could reduce the burden of managing separate finance and tax systems.

According to Sovos, Flowie’s AI agents are already available to its customers, although the company has not disclosed the acquisition’s financial terms.