ONESOURCE Statutory Reporting

Your corporate financial reporting software solution

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Emphasising efficiency throughout the financial accounting preparation process, ONESOURCE Statutory Reporting provides you with flexible, easy-to-use reports based on a proven Big 4 accounting firm publication. Our financial reporting software provides you with control over the information and data within your accounts including the ability to enforce a corporate standard throughout your organisation.

Why Statutory Reporting?

Adopt a standardised financial reporting process that helps you save time, reduce errors and remain compliant.

Produce financial accounting reports efficiently

Save time and increase accuracy when preparing your reports with automated rounding, note/page numbering, referencing, and roll-forward process. Capture and store your data once to improve the quality of your reports and stop re-keying errors, changes need only be made once to be reflected throughout all your reports.

Control financial data and reports with confidence

Standard workpapers help substantiate your reports by providing a full audit trail from your trial balance, including adjustments to your reports which you can provide to your auditors. Maintain accuracy, quality and consistency of your corporate financial reporting by controlling the updates to common notes and disclosures across your group.

Why BEPS Action Manager?

BEPS Action Manager was developed to provide unparalleled value across three areas in response to the OECD’s BEPS framework:

PREPARATION: Integrated with up-to-date global BEPS research and content including local legislative rules, timings, and data requirements for CbC, Master File, and Local File specifically based on individual profiles. Users can take action in real time by having all BEPS research and related information in one solution.
EXECUTION: Transparent entity and financial data mapping means data points are traceable back to the source documents. Our software responds to data inputs by automatically allocating tax structures and jurisdictional rules while providing quality control and override mechanisms to ensure CbC report development is precise. Users are free to focus on data integrity and tax strategy letting the software respond to current jurisdictional rules.
RISK MANAGEMENT: Insight into data ensures your transfer pricing story corresponds throughout CbC, Master File, and Local file reports. Our analytical framework predicts risk areas, supports value creation, and validates all three tiers of reporting. Tax becomes a center of excellence that makes a positive impact on the entire organization.

Thomson Reuters ONESOURCE BEPS Action Manager combines research, data management, entity charting, document storage, reporting and analytics in a single solution, enabling worldwide compliance and multidisciplinary collaboration for multinational enterprises in a post-BEPS era.

BEPS Action ManagerPDF – 194kb

Whitepaper

Top 5 BEPS challenges

What impact will BEPS Action 13 have on your reporting process? Learn more about the top 5 country-by-country reporting challenges for multinational enterprises and how technology can solve them.

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