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Thomson Reuters rolls out ONESOURCE Indirect Tax on Oracle Cloud Infrastructure

Thomson Reuters rolls out ONESOURCE Indirect Tax on Oracle Cloud Infrastructure

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Thomson Reuters, a leading provider of business information services headquartered in Toronto, has turned to Oracle Cloud Infrastructure (OCI) as part of its multi-cloud strategy to make its indirect tax software available to customers worldwide.

In addition, Thomson Reuters will build out the application on Oracle Autonomous Database to help simplify processes and elevate performance with a cloud-first solution.

Thomson Reuters ONESOURCE enterprise cloud solutions provide organizations with a single, unified tax and trade engine that automates the evolving tax landscape. ONESOURCE Indirect Tax Determination, powered by OCI, continues to expand upon Thomson Reuters cloud-based offerings to help customers around the globe tackle transactional tax calculations.

OCI’s built-in security and high availability will help customers around the world automate their transactions without worrying about capacity constraints. Using the Oracle Cloud Lift Services program, Thomson Reuters worked closely with Oracle Cloud engineers who provided hands-on expertise, technical tools and cloud engineering resources to speed the development of the cloud-native tax application.

Sunil Pandita, President of Corporates, Thomson Reuters, said: “Our customers will continue to receive unmatched data accuracy in more than 56,000 global taxing jurisdictions, along with the cloud security imperative to any technology solution. We’re happy to run our next generation indirect tax application natively on OCI and open up our indirect tax determination engine to Oracle customers worldwide.”

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