ONESOURCE
Automate indirect tax for compliance accuracy, every time.
A complete toolkit for accurate, automated compliance.
In a complex tax environment, compliance can absorb a large chunk of your tax department’s time, whether you’re a growing local business or global corporation. Managing reporting for numerous jurisdictions, each with their own country-specific requirements can quickly become challenging.
Regardless of your company’s location or industry, you need indirect tax compliance software that keeps up with the latest changes and complexities while saving you time. Also, the move to digital reporting requires a scalable solution that works on a global level, so that you can easily handle new jurisdictions and requirements.
If you feel that slow manual processes and hard-to-manage spreadsheets are holding back your compliance capabilities, we can help you to introduce an automated solution that reduces cost, errors and risks.
ONESOURCE Indirect Compliance can automate your distinct VAT and GST compliance from start to finish, so that you can keep up with the latest changes without slowing down. In a few short weeks, Thomson Reuters can help you to set up your business to manage indirect tax compliance with ease and confidence.
Users of ONESOURCE Indirect Compliance have reported:
- Increasing efficiency up to 75%
- Cost reductions up to 50%
- Significantly lowering their compliance risk and eliminating the risk of penalties
See ONESOURCE Indirect Compliance in action
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ONESOURCE Indirect Compliance provides greater data transparency and control throughout the compliance process through:
Real-time metrics and updates in a centralized dashboard, so you have increased transparency and a comprehensive view, from the source data all the way down to the transactional level and back.
Thomson Reuters has a dedicated tax research team, focused exclusively on maintaining and updating all global and local tax rates, rules and regulations, across all our products. This means that you can be confident that your organization is fully compliant.
Eliminate tax professionals dependency on IT to control your company’s tax policy updates. No re-configuration of the financial system necessary or major IT involvement required for integration.
Key features
Standardize the return process across your business globally, with English and local languages available.
Prepare Intrastat, ESL, and EPL listings, as well as new digital filings such as MTD and SAF-T.
Clean up data issues from legacy ERP systems, as well as quickly manage exchange rates and other complex inputs.
Powerful reporting capabilities for GL reconciliation, high value transactions, and more, supporting your global compliance, and data analysis process with fast and flexible reporting - giving you the tools your stakeholders need.
Import data from your existing systems for transactional and consolidated findings.
Enable streamlined review and sign-off processes, manage controls across all functions, and maintain an audit trail for manual adjustments.