Foriba, now part of Sovos, specializes in providing comprehensive tax compliance solutions for businesses operating on a global scale. The company serves a diverse range of clients, including multinational corporations and enterprises that need to navigate complex tax regulations across different countries. Foriba operates in the tax compliance market, offering a suite of services that include e-invoicing, tax determination, and tax reporting. These services are integrated into a single platform, allowing businesses to stay ahead of ever-changing compliance requirements and reducing the risk of tax audits and penalties.

Foriba's business model revolves around a Software-as-a-Service (SaaS) approach, where clients subscribe to their platform to access the tools and data needed for tax compliance. The company generates revenue through subscription fees, which are typically based on the size of the business and the complexity of their tax needs. By continuously updating their platform to adapt to new technology requirements and government regulations, Foriba ensures that their clients remain compliant and can focus on their core business operations.

Keywords: tax compliance, e-invoicing, tax determination, tax reporting, SaaS, global businesses, multinational corporations, regulatory compliance, subscription model, risk reduction.