Corporate tax and trade software
Drive accurate and audit proof results with ONESOURCE
Rely on a cloud-native solution to gain the visibility and clarity needed within complex tax regulatory environments
Keep up with tax regulatory compliance
Empower tax, trade, and financial reporting teams to accelerate performance
Beat deadlines to file on time. Increase accuracy by staying ahead of continuously changing tax regulatory requirements. Control process performance by automating workflow and tracking due dates. Collaborate across tax and trade ecosystems in any way that works for your business — insourcing through shared service centers, co-sourcing, or outsourcing.
Ensure the accuracy and timeliness of tax compliance even in times of uncertainty
Effortlessly adapt to business, regulatory, and operations changes with a single corporate tax software and an ecosystem of more than 200 technology partners and firm alliances in a changing landscape.
Unlock hidden opportunities that drive impact in the business
Move beyond tax and trade compliance to strategically contribute to planning for growth across the business. Sustain this growth by using dashboards, custom reports, and scorecards to reveal cost-saving opportunities and ways to increase capital.
Elevate the role of tax and trade
Explore how ONESOURCE tax software solutions work together across corporate tax and trade lifecycles
Indirect tax
Significantly reduce risks by providing automation and accuracy across tax and finance workflows from determination through final compliance with our indirect tax solutions.
Direct Tax
Confidently report and comply using corporate tax automation that increases the reliably and accuracy of the compliance and provision process.
Global trade management
Optimize supply chain performance and minimize audit risks with solutions that ease the complexity of global trade from denied party screening to foreign-trade zone management.
Statutory reporting
Accurately file statutory financial statements in the languages of 45 countries with tools that standardize the process to meet ever-changing regulations.
Information reporting and ACA compliance
Simplify the process for your team of tracking down contractors, vendors, clients, and payees each year with automated tools for 1099s, TINs and B-Notices, and 1042s. Integrate ACA compliance from form creation to error corrections.
Trust tax
Automate a single step or the entire process with tax tools that help you create, execute, and maintain trusts.
Tax data and process management
Save time, reduce risk, and increase the accuracy of tax and trade data and processes. Data and process management solutions simplify data preparation for specific purposes and offer greater visibility and control over tax and trade processes.
AI-assisted regulatory research
Quickly and confidently find answers using the premier regulatory research tool powered by Checkpoint Edge with CoCounsel.
Partnerships and alliances
Take advantage of a global expert network that uses, implements, and owns ONESOURCE with deep technology integrations backed by certifications.
Learn how ONESOURCE helps corporate tax and trade professionals
“Month-end reporting has been reduced from three days down to one day.”
Kevin Escott
Senior Director, JLL Technology Program Manager
“Global Classification saves us half the time when it comes to classifying our products.”
Myesha Cottom
Senior Director of International Trade, Georgia-Pacific
“We love ONESOURCE. I’ve worked with other solutions and, although I like some, they don’t offer income tax compliance and provision or it can be a challenge to find talent in the market trained to use them.”
Anastasia Brady
Directorof Tax, Thryv
Frequently asked questions
ONESOURCE is the industry’s most trusted end-to-end cloud automation solution for tax, trade, and financial reporting professionals. It helps companies and accounting firms reduce the risks of compliance fines and penalties, lower costs associated with inefficient processes, and break free from regulatory complexity.
Customers routinely tell us that ONESOURCE helps them comply confidently, drive productivity, and adapt effortlessly to continuously changing regulations and business needs.
Here are just a few examples of efficiencies we’re hearing from customers:
- $1B+ in duties saved annually from managing foreign-trade zones (1)
- 50% time savings in indirect tax compliance processes (2)
- 50% decrease in processing time for large volume returns (3)
- 68% efficiency gains for statutory reporting (4)
Sources:
- Data analyzed by Thomson Reuters across ONESOURCE Foreign Trade Zone users in 2019.
- The Forrester Total Economic Impact of Thomson Reuters ONESOURCE Indirect Tax, June 2022. Aggregated results for seven interviewed customers using ONESOURCE Indirect Tax. Annualized three-year risk-adjusted present value of benefits.
- The Thomson Reuters internal ONESOURCE Direct Tax Performance Improvements Report, 2022.
- The Forrester Total Economic Impact of Thomson Reuters ONESOURCE Statutory Reporting, January 2023. Aggregated results for four interviewed customers, based on using OSR across 100 entities in 20 countries. Annualized three-year risk-adjusted present value of benefits.
- ONESOURCE allows corporations of all industry segments and sizes to simplify their tax, trade, and financial reporting workflows with tools that reduce risk, save time, and increase accuracy:
- ONESOURCE tax solutions. Automate compliance for sales and use tax, goods and service tax (GST), value-added tax (VAT), and e-invoicing. Speed up the corporate tax process, including provision, income tax compliance, and international tax. Reduce the time and resources required to manage statutory reporting, information reporting, and trust tax.
- ONESOURCE trade solutions. Optimize the supply chain and global trade compliance, including denied party screening, foreign-trade zone management, free trade management, and more.
- ONESOURCE data management and workflow solutions. Minimize data wrangling, connect information across the tax and trade lifecycles, and track performance against due-date and reporting requirements. Manage tax and trade data better with a tax data warehouse, tools for standardizing tax packages, calendars for tracking due dates, and workflow that fosters collaboration.
ONESOURCE corporate tax software is used by all types of companies — from small businesses to multinational enterprises. With over 100,000 users in 21,000 businesses worldwide, customers come from various industries, including finance, retail, manufacturing, technology, energy, and others. In fact, 100% of the Fortune 100 companies and 96% of the Fortune 1,000 companies use ONESOURCE.
Users trust ONESOURCE over its competitors for its accurate data, ease-to-use interface, precise tax calculations determined using proprietary content, the end-to-end tax and trade lifecycle coverage of its cloud automation solutions, and dedicated 24/7 customer service. ONESOURCE stands out to help navigate complex challenges spanning across mission-critical functions in your business — tax, trade, compliance, and risk management — something you will not find with other tax software.
Yes. We integrate with over 200 leading in-house technology solutions using universal RESTful APIs and prebuilt, certified connectors that flow data through tax, trade, finance, and business processes.
As an example, for SAP alone, Thomson Reuters offers twelve integrations — four are SAP Certified apps, three are SAP Endorsed apps, and one is an embedded app. These integrations ensure SAP customers can maintain clean core compliance with a single trusted vendor.
Of course! Our product demos are a great way to see how ONESOURCE will provide value for your organization before you make a purchase. Just contact one of our sales representatives.
Questions about ONESOURCE? We’re here to support you.
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