ONESOURCE

Name: ONESOURCE
Author: Thomson Reuters

Enterprise corporate tax and trade compliance software suite.

Thomson Reuters24 views0 comparisons

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About ONESOURCE

ONESOURCE by Thomson Reuters is a robust, enterprise-grade software suite designed to streamline the entire corporate tax lifecycle. It provides comprehensive solutions for indirect tax, income tax, and global trade compliance, catering specifically to large multinational organizations. The platform's primary differentiator is its deep integration with Thomson Reuters' extensive global tax content database, ensuring real-time regulatory accuracy across multiple jurisdictions. By automating complex tax workflows and reporting, ONESOURCE enables large enterprises to mitigate compliance risks while significantly improving operational efficiency in global tax management.

Type:SaaS

API:Available

Pros & Cons

Pros

Provides highly accurate, automated updates for global tax regulations.
Offers deep integration across indirect tax, income tax, and trade compliance modules.
Scales effectively to handle the complex requirements of large multinational corporations.
Reduces manual data entry errors through sophisticated automation and reporting tools.
Ensures consistent tax compliance across diverse international jurisdictions.

Cons

Requires a significant time investment for initial setup and configuration.
Lacks transparent public pricing, making budget forecasting difficult for prospective clients.
Features a steep learning curve due to the platform's extensive functionality.
May be cost-prohibitive for small to mid-sized businesses with simpler tax needs.

Who Is This For?

Best For

Corporate Tax Directors

Need centralized oversight and automated compliance for global tax operations.

Global Trade Compliance Managers

Require automated tracking of international trade regulations and customs documentation.

Enterprise Finance Teams

Need to integrate tax reporting directly into complex ERP and financial systems.

Not Ideal For

Small Business Owners

The platform is overly complex and expensive for simple, localized tax filings.

Freelancers

The enterprise-focused feature set exceeds the requirements for individual tax management.

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IndustriesFinancial Services & Fintech Data & Analytics Legal & Compliance

Categoriesfinance tools

Pricing

ONESOURCE utilizes a custom enterprise licensing model tailored to the specific scale and geographic footprint of the organization, reflecting its position as a premium, high-value solution.