Thomson Reuters has launched its next generation online tax research system, Checkpoint Catalyst, which features multi-jurisdictional content, embedded tools and an enhanced search engine. Catalyst is built on the Checkpoint platform, and is designed to help tax professionals more quickly find research results.
As tax laws become increasingly complex, tax professionals need an online research platform that enables them to master this changing and challenging environment with speed and certainty.
Thomson Reuters Checkpoint already delivers expert analysis, news, and authoritative guidance on tax planning and compliance to hundreds of thousands of tax professionals - including 99 of the top 100 U.S. CPA firms, 96 of the Fortune 100, and 97 of the top 100 U.S. law firms.
Now, after over two years of development, extensive customer input, and a multi-million dollar investment, Thomson Reuters has launched Checkpoint Catalyst - making Checkpoint better than ever.
"As the complexity of legal requirements and exceptions has expanded, so has pressure to find 'the right answer' as efficiently as possible," said David Houlihan, principal analyst with Blue Hill Research. "Checkpoint Catalyst represents a clear response to this need by enhancing their database with capabilities that promote rapid comprehension of concepts and their practical applications."
Steve Mendelsohn, managing director of knowledge solutions for the Tax & Accounting business of Thomson Reuters, added: "Checkpoint Catalyst transforms the tax research process for complex tax issues and business-related transactions. It provides research content in context, enabling our customers to move from insight to action swiftly and easily."
Newly authored by tax experts and designed specifically for the web, Checkpoint Catalyst is:
- Organized so users can easily view all relevant content on one page - saving research steps and reducing the risk that something important could be missed.
- Complemented by author commentary highlighting details that might pose a risk - or an opportunity - when managing a specific business issue.
- Designed to support quick lookups as well as detailed research - enabling users to quickly get up to speed or gain additional expertise on a particular type of transaction.
- Embedded with easy-to-use and actionable interactive tools - diagrams, decision-trees, charts, calculators, and document assembly applications - guiding users to the answers and outcomes they need.
- Fully integrated with the breadth and depth of existing comprehensive Checkpoint content.
"When you use Checkpoint Catalyst to research a tax issue, you'll have greater confidence that you're getting a complete picture and that your research process has been thorough and comprehensive," said Steve Zelman, senior vice president of product platforms for the Tax & Accounting business of Thomson Reuters. "It connects the dots between federal, state, and U.S. international tax implications better than anything else on the market."
At the same time, Thomson Reuters Checkpoint - including Checkpoint Catalyst - has been enhanced with intuitive search functionality, allowing tax and accounting professionals to search the way they think. Triple-powered relevancy makes use of technological innovation, editorial insights, and user behavior patterns to simplify the research process, quickly getting practitioners the most pertinent results.
"Checkpoint Catalyst is another major step forward in a product that already had good usability," added Randy Johnston, executive vice president with K2 Enterprises. "The design makes research faster, easier and more comprehensive with fewer steps. If you haven't recently considered how research is being done at your firm, it is time to review this product."