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ONESOURCE

How ONESOURCE tax compliance boosts Workday ROI

Thomson Reuters Tax & Accounting  

· 6 minute read

Thomson Reuters Tax & Accounting  

· 6 minute read

ONESOURCE and Workday redefine tax compliance with certified integration and Platinum-level partnership

Highlights

Regional tax tools can become liabilities when expanding into new markets or forming strategic alliances.

Global e-invoicing is simplified with ONESOURCE’s real-time validation and secure data exchange.

Businesses report 90% fewer tax errors and 175+ IT hours saved yearly with ONESOURCE + Workday.

 

As businesses expand across borders and adopt new technologies, they face increasingly complex tax compliance demands. Corporate tax leaders must manage indirect tax across multiple jurisdictions, stay ahead of evolving regulations, and actively support strategic growth initiatives. Additionally, many organizations still rely on fragmented tax solutions that hinder operations, increase risk, and limit scalability.

Forward-thinking tax leaders treat technology selection as a strategic priority. Many already rely on Workday Financial Management to streamline core financial operations, improve visibility, and support enterprise agility. But to fully realize Workday’s potential, they need a tax compliance solution built for the cloud and future-proofed against regulatory changes that match its scale and sophistication.

Thomson Reuters ONESOURCE delivers a unified, end-to-end tax compliance platform with certified integration directly into Workday. As a Workday Platinum Partner, Thomson Reuters ensures ONESOURCE meets the highest standards for performance, reliability, and seamless interoperability. This partnership transforms how businesses manage tax compliance and helps them maximize the value of their Workday investment.

 

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Eliminate fragmentation to accelerate growth

Strengthen Workday with a certified tax engine

Extend Workday’s value with end-to-end tax compliance and global e-invoicing

ONESOURCE helps maximize ROI from Workday

 

Eliminate fragmentation to accelerate growth

To appreciate the value of ONESOURCE, it helps to first understand the typical hurdles businesses face when using outdated or disconnected tax systems. Legacy platforms, regional solutions, and siloed software often lead to fragmented tax operations.

While these tools may perform specific tasks, they rarely integrate well. As a result, tax teams are left to navigate inefficiencies such as:

  • Manual data entry and reconciliation
  • Inconsistent tax calculations across platforms
  • Limited visibility into global compliance obligations
  • Increased audit risk due to poor transparency
  • Elevated IT costs to maintain and connect disparate systems

As companies expand, these issues become even more disruptive. Tools that once supported regional needs can become a liability when entering new markets or forming strategic alliances.

Strengthen Workday with a certified tax engine

Thomson Reuters ONESOURCE is fully certified by Workday, earning Platinum Partner status for its top-tier integration and performance. Built to work seamlessly within Workday Financial Management, ONESOURCE delivers best-in-class capabilities for indirect tax determination and e-invoicing compliance. It empowers tax and finance teams to work faster, smarter, and with greater confidence.

With ONESOURCE embedded into Workday, businesses can:

  • Calculate tax in real-time during Workday transactions with out-of-the-box content for 200+ countries
  • Automate compliance with global indirect tax rules
  • Centralize reporting and improve audit readiness
  • Scale operations across regions with flexible, on-cloud architecture

Extend Workday’s value with end-to-end tax compliance and global e-invoicing

Governments around the world increasingly require real-time invoice reporting to improve transparency and reduce tax evasion. Businesses must respond quickly to avoid penalties and disruptions. ONESOURCE is the only global provider that supports the full end-to-end transactional tax workflow. It delivers top-tier capabilities, from indirect tax determination and periodic VAT and sales and use tax reporting to real-time e-invoicing.

ONESOURCE helps businesses meet global e-invoicing requirements by:

  • Automatically validating and submitting invoices to tax authorities
  • Ensuring real-time compliance with local regulations
  • Securing data exchange and maintaining audit-ready documentation
  • Seamlessly integrating with financial systems for efficient processing
  • Distributing structured e-invoices to more than 14 million businesses through the Pagero business network

These capabilities enhance ONESOURCE’s core functions in indirect tax determination and periodic reporting. Together, they form a unified transactional tax compliance process that covers everything from tax calculation to invoice submission within the Workday ecosystem.

ONESOURCE helps maximize ROI from Workday

Corporate tax teams use ONESOURCE to unlock greater value from their Workday Financial Management investment. Together, ONESOURCE and Workday deliver measurable returns across five key areas:

  1. Accelerate implementation and time to value
    ONESOURCE’s certified integration with Workday enables fast deployment and smooth onboarding. Businesses start realizing ROI sooner by avoiding delays, rework, and costly custom tax configurations. The “Built On” app for e-invoicing is designed from the ground up to be plug-and-play on Workday.
  2. Improve accuracy and reduce compliance risk
    ONESOURCE continuously updates global tax rules and rates and stays up-to-date with the latest e-invoicing regulations. This ensures an accurate and compliant transactional tax process within Workday, helping businesses avoid penalties, reduce audit exposure, and protect revenue.
  3. Lower total cost of ownership
    By consolidating tax functions into a single platform that works natively with Workday, businesses reduce vendor complexity, manual effort, and IT overhead. This drives down both operational costs and long-term maintenance expenses.
  4. Scale operations with agility
    ONESOURCE supports expansion into new markets, product lines, and partnership models. Its modular design allows businesses to grow without disrupting Workday workflows or investing in additional tax infrastructure.
  5. Boost productivity through cross-team collaboration
    ONESOURCE integrates with Workday to connect tax, finance, and IT teams. Shared data and unified workflows improve decision-making, reduce duplication, and save time across departments.

Driving real-world results

Businesses across industries are already seeing measurable benefits from integrating ONESOURCE with Workday. Global manufacturers and fast-growing technology firms report:

  • Up to 90 percent reduction in indirect tax errors
  • More than 175 hours of IT time saved annually
  • Improved audit readiness through real-time reporting
  • 10 billion transactions posted per hour with 99.5% uptime
  • Easier expansion into new markets with minimal tax friction
  • Scalable e-invoicing capabilities that align with global mandates

These results go beyond operational improvements. They represent strategic advantages that help businesses grow with confidence.

Build a future-ready tax strategy

As governments expand digital mandates and tighten oversight, businesses need a tax platform that adapts quickly. ONESOURCE equips tax teams to stay ahead, manage compliance, and scale with confidence within the Workday ecosystem.

Discover how ONESOURCE and Workday simplify tax compliance, reduce risk, and drive business growth.

 

ONESOURCE Indirect Tax for Workday Financials

ONESOURCE Indirect Tax for Workday Financials

Enhance Workday Financials with automated VAT, Sales & Use Tax, and e-invoicing workflows.

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