2012 Review of Thomson Reuters – OneSource Indirect Tax, Sales & Use Tax & VAT/GST

The ONESOURCE Indirect Tax rate calculation engine provides two-way integration into virtually all sales, e-commerce and financial management systems used by small, mid-sized and the largest enterprises. The system provides accurate rate calculation and application to transactions, proper updating of the GL, and integrates with other Thomson Reuters applications.

Reporting features are available via the web-based management consoles, including tax summaries with filtering by period, jurisdiction, rules and other details. Users can drill-down into detailed transactions from within reports. Reports can be exported to a wide range of formats, including Excel, XML, Word, and PDF.

Help/Support - 5 Stars

Initial installation is guided by Thomson Reuters staff, who also offer users top-level familiarity training. User self-help resources include manuals, FAQs, tutorials, system documentation, how-tos and tax resources. Live technical support is included with pricing, and advanced training and consulting is available upon request.

Executive Summary & Pricing- 5 Stars

The ONESOURCE Indirect Tax Sales & Use Tax system is comprehensive in its coverage of U.S. and Canadian jurisdictions, as well as VAT and GST capabilities for many other countries. The system is best-suited to mid-sized and large enterprises with broad sales tax compliance liability System pricing depends on transaction volume and jurisdictions, and generally starts around $10,000.

2012 Overall Rating: 5 Stars