Foriba

What Foriba does

Foriba, founded in 1999 and headquartered in Maltepe, Turkey, is a provider of cloud-based electronic tax document and regulatory compliance solutions operating today as Sovos Turkey within the broader Sovos Compliance, LLC group. The company's core product portfolio centers on Turkish e-document compliance — e-Fatura (electronic invoice), e-Arşiv Fatura (electronic archive invoice), e-İrsaliye (electronic despatch note), and e-Defter (electronic ledger) — supplemented by ancillary modules (e-Mutabakat reconciliation, e-Müstahsil, e-Serbest Meslek Makbuzu receipts) and SAP-integrated e-document solutions. Beyond Turkish mandates, Foriba delivers VAT Determination (KDV Belirleme), Continuous Transaction Controls (CTCs), and managed services for VAT and Insurance Premium Tax via the Compliance Cloud platform, supporting compliance across more than 19,000 tax jurisdictions in 70+ countries with a bench of nearly 100 regulatory specialists.

The underlying technology is a cloud-native compliance platform with pre-built integrations into SAP, Oracle NetSuite (Gold Partner), Salesforce Commerce Cloud, and Magento, embedding regulatory workflows directly into customers' ERP and commerce systems. Foriba goes to market via an enterprise field sales motion targeting large multinationals in regulated industries — Retail, Manufacturing, Financial Services, Insurance, Digital Services, and New Economies — and monetizes through a combination of annual subscription licenses and usage-based kontör (credit) packages billed annually, with named enterprise customers including The Home Depot, Nationwide, CVS Health, and Philips. The entity rebranded from Digital Planet to Sovos Turkey and now operates within the Sovos global footprint spanning 14+ staffed countries.

Name

Foriba

Legal name

Sovos Compliance, LLC

Website

https://foriba.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

101–250 employees

Short description

Foriba (operating as Sovos Turkey) is a cloud-based e-document and indirect tax compliance software provider serving large enterprises in Turkey and globally, with deep expertise in Turkish e-invoicing, VAT determination, and continuous transaction controls.

Ownership category

akta.pro rank

Product category

Tax Compliance Software

NAICS

Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121), Computer Systems Design and Related Services (54151), Custom Computer Programming Services (541511)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Revenue Systems, E-Filing & Digital Tax Administration (BPAIADAO)

akta.pro secondary industries

Cloud Compliance, Audit & Continuous Controls Monitoring (CCM/GRC) (HDABAHAI), Embedded Tax, Accounting & Invoicing Finance (FSAGALAJ), Industry/Vertical Cloud Platforms (e.g., Gov/Healthcare/Financial Cloud Regions) (HDABAAAL)

Keywords

• Tax compliance software
• Electronic invoicing
• E-document solutions
• VAT determination
• Regulatory compliance

Headquarters

HQ city

Maltepe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Subscription-based Software Licenses: Annual or multi-year subscription fees for access to e-document compliance solutions including e-fatura, e-arşiv, e-irsaliye, and e-defter modules. Flexible credit (kontör) packages available based on transaction volume.
2. Usage-based Credits (Kontör): Flexible credit packages allowing businesses to purchase transaction credits based on their specific volume needs, avoiding one-size-fits-all pricing.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels8 records

Core offering

Foriba (operating as Sovos Turkey) provides cloud-based electronic document and tax compliance software for Turkish and global regulatory requirements. Its core offerings include e-Fatura (electronic invoicing), e-Arşiv Fatura (electronic archive invoicing), e-İrsaliye (electronic despatch notes), e-Defter (electronic ledgers), VAT determination, and continuous transaction controls (CTCs) integrated with ERP systems such as SAP, Oracle NetSuite, Salesforce Commerce Cloud, and Magento.

Product overview

Foriba (now Sovos Turkey) offers a comprehensive suite of Turkish e-document compliance solutions as part of the Sovos Compliance Cloud platform. The product portfolio centers on electronic invoice (e-Fatura) and electronic archive invoice (e-Arşiv Fatura) as core offerings, supplemented by additional e-document products including e-İrsaliye (delivery notes), e-Defter (electronic ledgers), and specialized receipts (e-Mutabakat, e-Müstahsil Makbuzu, e-Serbest Meslek Makbuzu). SAP-integrated e-document solutions provide seamless ERP connectivity. Global products like KDV Belirleme (VAT Determination) and Sürekli İşlem Kontrolleri (Continuous Transaction Controls) extend the platform's compliance capabilities across 70+ countries supporting over 19,000 tax jurisdictions.

Differentiator

Problem solved

Functional benefit

Brands

• e-Fatura: Electronic invoice compliance solution for Turkey
• e-Arşiv Fatura
• e-İrsaliye
• e-Defter
• e-Mutabakat
• e-Müstahsil Makbuzu
• e-Serbest Meslek Makbuzu

Products and services

• e-Fatura
• e-Arşiv Fatura
• e-İrsaliye
• e-Defter
• SAP e-Belge Çözümleri
• e-Mutabakat
• e-Müstahsil Makbuzu
• e-Serbest Meslek Makbuzu
• KDV Belirleme
• Sürekli İşlem Kontrolleri (CTCs)
• Compliance Cloud
• KDV Yönetilen Hizmetleri
• IPT Yönetilen Hizmetleri

Quantifiable outcome

• Eliminates tax compliance burden and risk from business teams, allowing focus on growth

Named customers4 records

Segments6 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature6 records

Partnerships

Four partnerships are on record, tiered core.

• SAPcoreTechnology or IntegrationSAP integration partner providing e-document solutions for SAP environments. Offers SAP e-Belge (e-Document) Solutions enabling seamless tax compliance within SAP ERP systems.
• Oracle NetSuitecoreTechnology or IntegrationOracle NetSuite integration partner with Gold Partner status, providing tax compliance solutions integrated with NetSuite ERP platform.
• Salesforce Commerce CloudcoreTechnology or IntegrationIntegration with Salesforce Commerce Cloud platform enabling e-commerce businesses to maintain tax compliance within their sales workflows.
• MagentocoreTechnology or IntegrationIntegration with Magento e-commerce platform allowing online retailers to automate tax compliance in their digital storefronts.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Regional players

• Mikro Yazılım: Turkish accounting and ERP software vendor with e-document compliance features; comparable as a regional Turkish compliance/ERP player addressing similar small and mid-market buyers.
• Logo Yazılım: Leading Turkish ERP and accounting software vendor bundling e-invoice and e-ledger compliance; competes with Foriba in the Turkish mid-market for integrated ERP-plus-compliance deals.
• Bizim Hesap: Turkish cloud accounting and e-invoicing platform for SMBs and accountants; competes with Foriba in the Turkish compliance market, particularly at the smaller-customer segment.

Direct peers

• Vertex Inc. Provider of indirect tax determination and compliance software for global enterprises; competes with Foriba/Sovos on VAT determination, e-invoicing, and cross-border tax compliance for multinationals.
• Avalara: Cloud-based tax compliance automation platform covering sales tax, VAT, e-invoicing, and regulatory reporting; addresses the same enterprise compliance buyer as Foriba.

Broad incumbents

• Sovos: Global tax compliance and regulatory software platform; Foriba is now operated as Sovos Turkey, making Sovos both parent and the broadest incumbent peer across indirect tax, e-invoicing, and CTCs.
• Oracle (Tax and Compliance): Oracle ERP/NetSuite provides tax-relevant infrastructure with which Foriba integrates; competes for enterprise compliance wallet share as a broader incumbent platform.
• Thomson Reuters (ONESOURCE): Enterprise tax and accounting suite including ONESOURCE Indirect Tax Determination and global trade management; competes with Foriba for Fortune 500 indirect tax and compliance deals.
• SAP (Tax & Compliance): Global ERP with embedded tax compliance and partner integrations; Foriba integrates with SAP but SAP's own compliance roadmap represents a strategic incumbent for enterprise customers.
• Wolters Kluwer (TAA / CCH): Provides tax compliance and accounting software including CCH SureTax and TeamMate; comparable to Foriba as a global compliance software incumbent serving regulated industries.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/ForibaEn
• Facebookfacebook.com/foribacomtr
• LinkedInlinkedin.com/company/sovosturkey

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds3 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Foriba