ONESOURCE
End-to-end cloud automation for tax, trade, and financial reporting professionals.
Executive Summary
Thomson Reuters ONESOURCE is a comprehensive, cloud-based suite designed for corporate tax, trade, and financial reporting professionals. It provides end-to-end automation solutions to simplify complex tax forms, accurately compute calculations, and ensure compliance with global filing requirements. The platform streamlines direct tax management, including corporate tax compliance, tax provision, and transfer pricing, while leveraging AI to enhance compliance and workflow efficiency. ONESOURCE significantly reduces the time and effort involved in corporate tax data collection and preparation, integrating seamlessly with existing business systems to automate data manipulation and improve overall operational efficiency. Key capabilities include simplifying tax compliance, automating tax provision calculations in seconds with drill-down review features, and managing global trade and transfer pricing. The solution aims to remove the burden from tax and IT teams by providing powerful features and seamless integrations, ensuring greater control and increased accuracy across all tax and trade processes. It supports major corporations in meeting their regulatory obligations and optimizing their financial reporting workflows.
Use Cases
- Simplify corporate income tax compliance and meet filing requirements.
- Automate tax provision calculations and facilitate quick data review.
- Streamline global trade and transfer pricing management processes.
- Reduce time and effort for corporate tax data collection and preparation.
- Integrate tax and trade processes with existing ERP and e-commerce systems.
Features
Visibility
- Drill-down Capabilities: Quickly review data with filtering and drill-down capabilities for detailed analysis of tax and trade information.
- Comprehensive Tax & Trade Overview: Gain a holistic view of all tax, trade, and financial reporting activities across the organization.
Intelligence
- AI-Powered Global Classification: Utilize AI for accurate and efficient global classification tasks, enhancing compliance and reducing manual effort.
- Automated Tax Calculations: Accurately compute complex tax calculations and corporate tax estimates in seconds.
Technical Specifications
- Architecture
- Cloud-based end-to-end automation solution
- Deployment
- SaaS
- API Available
- Yes
Integrations
- ERP systems
- E-commerce systems
Security & Compliance
Certifications: GDPR
Encryption: Data encryption
Pricing
- Model
- Subscription-based
- Starting Price
- Contact sales
- Target Customer
- Enterprise
About Thomson Reuters Corporation
Thomson Reuters Corporation is a Canadian multinational content-driven technology conglomerate that integrates trusted content and technology to support decision-making for professionals and organizations. It offers specialized software and insights across legal, tax, accounting, compliance, government, and media sectors, serving a diverse customer base globally.