Special report

Thomson Reuters named a leader for sales & use tax for enterprise and VAT automation software

IDC MarketScape: Worldwide SaaS and Cloud-Enabled SaaS Sales and Use Tax Automation Software for Enterprise and Value-Added Tax Applications 2024 Vendor Assessments

Thomson Reuters is proud to be recognized as a leader in IDC MarketScape: Worldwide SaaS and Cloud-Enabled SaaS Sales and Use Tax Automation Software for Enterprise 2024 Vendor Assessment (doc #US52035324, December 2024) and IDC MarketScape: Worldwide Value-Added Tax Management Applications 2024 Vendor Assessment (doc #US52732824, December 2024).

These reports comprehensively evaluate the sales and use tax and VAT automation software and application providers globally, underscoring the critical role of tax compliance automation in today’s evolving regulatory landscape.

Key takeaways:

  • Gain an understanding of the evolving global sales and use tax and VAT regulatory market trends
  • Identify primary capabilities of tax automation software and VAT applications to address these challenges
  • Recognize the strengths of Thomson Reuters solutions to address the needs of businesses and gain a competitive edge

This news follows that of Pagero, part of Thomson Reuters, also recognized as a leader in the September IDC MarketScape: European Compliant e-Invoicing 2024 Vendor Assessment.

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“IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of technology and suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier’s position within a given market. The Capabilities score measures supplier product, go-to-market and business execution in the short-term. The Strategy score measures alignment of supplier strategies with customer requirements in a 3-5-year timeframe. Supplier market share is represented by the size of the icons.”

Source IDC MarketScape: Worldwide Value-Added Tax Management Applications 2024 Vendor Assessment. Authors: Kevin Permenter and Jordan Steele. IDC#US52732824, December 2024.

“IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of technology and suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier’s position within a given market. The Capabilities score measures supplier product, go-to-market and business execution in the short-term. The Strategy score measures alignment of supplier strategies with customer requirements in a 3-5-year timeframe. Supplier market share is represented by the size of the icons.”

Source: Worldwide SaaS and Cloud-Enabled SaaS Sales and Use Tax Automation Software for Enterprise 2024 Vendor Assessment. Authors Kevin Permenter and Jordan Steele. IDC #US52035324, December 2024.