ONESOURCE Reconciliations features

Be ready for VAT in the digital age with ONESOURCE Reconciliations 

Automatically reconcile e-invoicing and VAT data to meet deadlines and explain differences as tax authorities move toward pre-filled returns

Automation tools

Automate reconciliations with integrity across your e-invoices, VAT/GST returns, and ERP with country specific content and clever results.

Country specific content

Be ready for VAT and prefill VAT returns with country specific content and return-box impact analysis. Dashboard and audit trails to resolve discrepancies or explain them to tax authorities, reducing risk of penalties and accelerating necessary resolutions.

Classification of results

Rapidly review reconciliation results with pre-defined categories, so you can focus on and resolve high impact differences. The common reconciliation field library standardizes mismatches across systems, making comparisons clearer and less error prone.

Reduce time spent on reconciliations from days to minutes with ONESOURCE Reconciliations

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Compliance capabilities

Enhance the accuracy of financial data and help prevent costly errors with capabilities that categorize discrepancies and assess the impact on payable or refundable amounts.

Import data from any source

Remove manual extraction of data with seamless and automated data processing from ONESOURCE Pagero and ONESOURCE Indirect Compliance - helping you minimize errors and speed up compliance workflows. In addition, you have the flexibility to import data from any other source, so you can standardize reconciliation workflows across systems and simplify audit readiness.

Customizable reporting and dashboards

Understand and compare your data sets better with the ability to create custom reconciliations for your specific validations. Have control with automated scheduled reports or run reports on an ad hoc basis when required.

Classify high impact mismatches quickly and resolve them within the statutory window

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Global operations

Automate reconciliations at scale across your organization.

Country-specific regulatory initiatives

Be future-ready as e-invoicing mandates expand around the world and other country initiatives such as pre-fill indirect tax returns become more prevalent. Compare, review and identify discrepancies between pre-fill returns generated by the tax authority and what has been prepared by your business. This improves audit readiness so you can focus more on the work that matters most.

Scalable architecture

Process numerous e-invoicing transactions without performance degradation or infrastructure investment. Gain confidence that the platform will support business expansion into new markets and handle increasing e-invoicing mandate complexity.

Automate reconciliations globally while ensuring accurate compliance reporting

Have questions? Contact a representative.