Tax is always changing – and so is the technology that supports it
We know corporate professionals like you want to stay up-to-date with what’s new in the industry. That’s why we want to share an exciting new technology opportunity that can benefit both tax and IT professionals: edge computing.
What’s edge computing, you ask? The technology can be applied in many ways, but let’s consider a tax engine. If you apply the principles of edge computing to a tax engine like ONESOURCE Determination, you get a hybrid deployment option that gives you the power of a cloud-based tax engine but the speed and performance of an on-premises solution.
If that sounds too good to be true, we’ll explain how. With our unique edge computing deployment, ONESOURCE Determination Anywhere, the tax calculation isn’t reliant on the cloud, but localized within your existing infrastructure. That closer proximity allows for faster tax calculation and reduced network latency. But at the same time, you’re automatically synchronizing with our market-leading tax engine in the cloud. That means automatic system and content updates and no downtime for an “always on” operation.
Tax and IT benefits of edge computing
- Increase tax determination speed and reduce network latency when you calculate tax beside the transaction
- Maintain business-specific security and data residency requirements with data that resides in your business infrastructure
- Stay current with tax changes and ease the management of tax policy with automated tax content updates
- Deploy on your own infrastructure to minimize risk or meet unique data residency requirements
Learn about edge computing and receive a free $25 coffee card
Meet with a Thomson Reuters expert to learn how edge computing can support the calculation of indirect taxes. We encourage both tax and IT professionals to attend.