Thomson Reuters Launches Trans-Tasman Financial Reporting Solution with New Big 4 ContentNovember 12, 2014
Thomson Reuters, the world’s leading supplier of intelligent information for businesses and professionals, today announced the launch of powerful new content in ONESOURCE Accounts Production, making it the only accounting software solution with Big 4 content that can be used to manage compliance in both Australia and New Zealand. Addressing the stricter and more complex reporting standards enforced by regulators, Australian and New Zealand companies can now seamlessly manage compliance across both countries with the same tool.
ONESOURCE Accounts Production now includes content sets from two of the Big 4, with templates for Australia and New Zealand markets that offer a new level of clarity, control and efficiency for finance teams. The new content sets will simplify the reporting process and contain corporate and fund content for the Australian market and corporate content for New Zealand.
Andrew Hay, global head of ONESOURCE Accounts Production for the Tax & Accounting business of Thomson Reuters says the solution will provide greater opportunity for Trans-Tasman relations by easing the burden of managing disparate reporting requirements: “We have worked with two of the Big 4 to offer this content to Australian and New Zealand companies. With a long history of business relations between the two countries, many companies need a solution that will help manage their compliance needs simultaneously and in accordance with constantly changing accounting standards.
“This has been a major investment for Thomson Reuters and our Big 4 partners. With a second set of Big 4 content, and a broadening of the solution’s reach to New Zealand, we believe we are offering something very powerful for companies in our region,” said Mr. Hay.
ONESOURCE Accounts Production empowers finance teams to take control of their financial reporting process. The solution provides finance teams with a global platform for the preparation of financial statements. Initially released into the market in 2011, over 150 companies across Australia in a variety of industries and sizes now use the solution to increase accuracy, manage risk and improve consistency in their reports.