ONESOURCE BEPS Action Manager

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ONESOURCE BEPS Action Manager by Thomson Reuters is a comprehensive solution designed to assist multinational enterprises (MNEs) in achieving effective tax transparency and compliance in the post-BEPS era. It streamlines the country-by-country (CbC) reporting process, ensuring standardized and sustainable compliance across jurisdictions. By integrating research, data management, entity charting, document storage, reporting, and analytics into a single platform, it enables organizations to document and defend their tax positions to authorities efficiently. Key Features and Functionality: - Up-to-Date Research: Provides customized global BEPS research, including local legislative rules, timelines, and data requirements for CbC, Master File, and Local File reporting. - Automated Reporting: Simplifies the reporting burden by producing CbC reports in country-specific formats, facilitating electronic submission where applicable. - Risk Management: Offers powerful built-in analytics, including the OECD’s 19 Tax Risk Indicators, to visualize and address potential risk areas before reports are made public. - Data Consistency and Transparency: Ensures global consistency and transparency of data by automatically allocating tax structures and jurisdictional rules while maintaining quality control. - Advanced Technology: Utilizes a leading web-based platform that enables stronger collaboration across departments and geographies. Primary Value and User Solutions: ONESOURCE BEPS Action Manager empowers tax professionals to navigate the complexities of evolving tax regulations by providing a centralized, automated solution for BEPS compliance. It reduces manual data manipulation, minimizes the risk of errors, and enhances efficiency in preparing and submitting CbC reports. By offering real-time insights and analytics, it allows organizations to proactively manage tax risks, ensure compliance with global standards, and maintain a positive organizational reputation.

CoCounsel Audit

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CoCounsel Audit leverages artificial intelligence to streamline and enhance your audit processes.

CoCounsel Tax

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The AI powered assistant that helps your firm navigate client scenarios, and answer technical questions more efficiently.

AuditWatch

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Audit training and consulting for accounting professionals

ONESOURCE Tax Provision for SAP S/4HANA Cloud

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ONESOURCE Tax Provision for SAP S/4HANA Cloud is a comprehensive tax provisioning solution designed to automate and streamline the corporate financial close process. By integrating seamlessly with SAP S/4HANA Cloud, it enables businesses to efficiently calculate and report current and deferred income taxes, enhancing accuracy and reducing manual effort. This integration ensures that tax provision journal entries are readily available within the SAP environment, facilitating a faster and more reliable financial close. Key Features and Functionality: - Automated Tax Calculations: Quickly compute corporate tax estimates, minimizing manual data entry and associated errors. - Data Analysis and Review: Utilize filtering and drill-down capabilities to analyze data subsets and review tax provision results efficiently. - Seamless Integration: Leverage the SAP-certified integration to ensure compatibility and maintain a clean core within the SAP S/4HANA Cloud environment. - Enhanced Reporting: Access pre-built tax provision dashboards compatible with Microsoft Power BI for comprehensive data analysis and insights. Primary Value and User Benefits: ONESOURCE Tax Provision for SAP S/4HANA Cloud addresses the complexities of tax provisioning by automating calculations and integrating directly with SAP systems. This reduces the time and effort required for financial close processes, enhances data accuracy, and ensures compliance with evolving tax regulations. By minimizing manual interventions and providing real-time data access, businesses can achieve faster financial closes, earlier filings, and allocate more resources toward strategic growth initiatives.

ONESOURCE Global Trade

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Simplify your global trade compliance with our integration to SAP S/4HANA ONESOURCE® Global Trade is a trade automation solution providing a single global interface that simplifies your global trade compliance, while also providing senior management with a global view of your trade compliance operations, fully integrated with SAP S/4HANA ERP system.

Fraud Detect

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Thomson Reuters® Fraud Detect combines industry-leading expertise and innovative analytics, fueled by program data and CLEAR proprietary & public records data, to detect anomalies and patterns within program.

ONESOURCE Fast Sales Tax

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Look up real-time sales and use tax rates for over 1.2 million zip codes across the U.S. and Canada, identify appropriate product taxability statuses, get due dates, and search sourcing rules. From registration to returns, you’ll be backed by the most accurate sales tax database available – the same as those used by Fortune 1000 enterprises. Access everything you need on one platform – accessible via desktop, phone, and Alexa.