Thomson Reuters — ONESOURCE Indirect Tax, Sales & Use Managed Services
Sep. 05, 2014
2011 Overall Rating 5
Best Fit
Mid-sized and larger enterprises with significant sales tax liability exposure across a large number of jurisdictions who want to automate rate management and outsource compliance functions.
Strengths
- Complete tax lifecycle management from tax determination to returns preparation & remittance
- Automated rate lookup & application
- Hands-free/hassle-free compliance
- Full integration into accounting system
- Strong reporting & management tools
- All U.S. & Canada jurisdictions
Potential Limitations
- Designed for single business entity
- Designed for mid-sized to large enterprise; higher price point
Executive Summary & Pricing
ONESOURCE Indirect Tax, Sales & Use Managed Services is designed for small to mid-sized and larger enterprises with significant sales tax liability exposure across a large number of jurisdictions. By integrating with the business’ accounting systems to automate lookup and application of appropriate taxes and rules, the system provides greater accuracy than manual application. Likewise, the outsourcing of compliance functions, including filing and payment to all jurisdictions, reduces tedious and penalty prone processes for the business. System pricing depends on annual transaction volume, number of returns per month and number of legal entities, and generally starts around $10,000. ONESOURCE Indirect Tax also offers a Managed Services Tax Pack where clients get tax determination, compliance and returns, and expert consulting services all for one bundled price.
Product Delivery Methods
_X_ On-Premises
_X_ SaaS
_X_ Hosted by Vendor
Basic System Functions 4.5
Compliance Capabilities 5
Integration/Import/Export 5
Help/Support 5