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<h3 class="richtext--element-font"><span class="variant headlineSmall"><b>Ensure the accuracy and timeliness of tax compliance even in times of uncertainty</b></span></h3>
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<p>Simplify the process for your team of tracking down contractors, vendors, clients, and payees each year with automated tools for 1099s, TINs and B-Notices, and 1042s. Integrate ACA compliance from form creation to error corrections.</p>
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<p><span class="color secondary_color"><span class="variant bodyMedium"><b>Anastasia Brady</b><br />
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<h2 class="richtext--element-font"><span class="variant headlineLarge"><b>Frequently asked questions</b></span></h2>
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What is Thomson Reuters ONESOURCE?
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<p>ONESOURCE is the industry’s most trusted end-to-end cloud automation solution for tax, trade, and financial reporting professionals. It helps companies and accounting firms reduce the risks of compliance fines and penalties, lower costs associated with inefficient processes, and break free from regulatory complexity.</p>
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<dig-accordion-item slot="item" value="_root_container_1508974033_container_accordion_accordionItems_item1">
What are the main benefits of ONESOURCE?
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<p><p>Customers routinely tell us that ONESOURCE helps them comply confidently, drive productivity, and adapt effortlessly to continuously changing regulations and business needs.</p>
<p>Here are just a few examples of efficiencies we’re hearing from customers:</p>
<ul>
<li>$1B+ in duties saved annually from managing foreign-trade zones (1)</li>
<li>50% time savings in indirect tax compliance processes (2)</li>
<li>50% decrease in processing time for large volume returns (3)</li>
<li>68% efficiency gains for statutory reporting (4)</li>
</ul>
<p>Sources:</p>
<ol>
<li>Data analyzed by Thomson Reuters across ONESOURCE Foreign Trade Zone users in 2019.</li>
<li>The Forrester Total Economic Impact of Thomson Reuters ONESOURCE Indirect Tax, June 2022. Aggregated results for seven interviewed customers using ONESOURCE Indirect Tax. Annualized three-year risk-adjusted present value of benefits.</li>
<li>The Thomson Reuters internal ONESOURCE Direct Tax Performance Improvements Report, 2022.</li>
<li>The Forrester Total Economic Impact of Thomson Reuters ONESOURCE Statutory Reporting, January 2023. Aggregated results for four interviewed customers, based on using OSR across 100 entities in 20 countries. Annualized three-year risk-adjusted present value of benefits.</li>
</ol>
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<dig-accordion-item slot="item" value="_root_container_1508974033_container_accordion_accordionItems_item2">
How does ONESOURCE help with tax, trade and financial reporting lifecycles?
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<p><ul>
<li>ONESOURCE allows corporations of all industry segments and sizes to simplify their tax, trade, and financial reporting workflows with tools that reduce risk, save time, and increase accuracy:</li>
<li>ONESOURCE tax solutions. Automate compliance for sales and use tax, goods and service tax (GST), value-added tax (VAT), and e-invoicing. Speed up the corporate tax process, including provision, income tax compliance, and international tax. Reduce the time and resources required to manage statutory reporting, information reporting, and trust tax.</li>
<li>ONESOURCE trade solutions. Optimize the supply chain and global trade compliance, including denied party screening, foreign-trade zone management, free trade management, and more.</li>
<li>ONESOURCE data management and workflow solutions. Minimize data wrangling, connect information across the tax and trade lifecycles, and track performance against due-date and reporting requirements. Manage tax and trade data better with a tax data warehouse, tools for standardizing tax packages, calendars for tracking due dates, and workflow that fosters collaboration.</li>
</ul>
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<dig-accordion-item slot="item" value="_root_container_1508974033_container_accordion_accordionItems_item3">
What companies use ONESOURCE?
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<p>ONESOURCE corporate tax software is used by all types of companies — from small businesses to multinational enterprises. With over 100,000 users in 21,000 businesses worldwide, customers come from various industries, including finance, retail, manufacturing, technology, energy, and others. In fact, 100% of the Fortune 100 companies and 96% of the Fortune 1,000 companies use ONESOURCE.</p>
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<dig-accordion-item slot="item" value="_root_container_1508974033_container_accordion_accordionItems_item4">
What is the difference between ONESOURCE and other key competitive solutions?
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<p>Users trust ONESOURCE over its competitors for its accurate data, ease-to-use interface, precise tax calculations determined using proprietary content, the end-to-end tax and trade lifecycle coverage of its cloud automation solutions, and dedicated 24/7 customer service. ONESOURCE stands out to help navigate complex challenges spanning across mission-critical functions in your business — tax, trade, compliance, and risk management — something you will not find with other tax software.</p>
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Does Thomson Reuters integrate with the technologies we already have in-house?
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<p><p>Yes. We integrate with over 200 leading in-house technology solutions using universal RESTful APIs and prebuilt, certified connectors that flow data through tax, trade, finance, and business processes. </p>
<p>As an example, for SAP alone, Thomson Reuters offers twelve integrations — four are SAP Certified apps, three are SAP Endorsed apps, and one is an embedded app. These integrations ensure SAP customers can maintain clean core compliance with a single trusted vendor.</p>
</p>
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<dig-accordion-item slot="item" value="_root_container_1508974033_container_accordion_accordionItems_item6">
Do you offer a demo of the ONESOURCE tax and trade platform?
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<p>Of course! Our product demos are a great way to see how ONESOURCE will provide value for your organization before you make a purchase. Just contact one of our sales representatives.</p>
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