Indirect tax automation

A manual, country-by-country approach to tax compliance is becoming more difficult to manage with each passing year. Multinational companies, in particular, need a better solution.

Thomson Reuters ONESOURCE Indirect Compliance lets you streamline and automate the indirect tax compliance process with real-time tax rates and rules, customizable tools and support for e-filing — plus powerful data reconciliation, adjustment and reporting capabilities. Handle your indirect tax obligations in as many markets as you need with one powerful, centralized system. 

ONESOURCE Indirect Compliance is designed for flexible setup and seamless integration with your existing systems. With pre-built connections to leading ERP systems like SAP S/4 HANA and Oracle ERP Cloud, the implementation process is more efficient. This approach minimizes disruption and reduces the need for extensive IT resources, allowing your team to efficiently manage tax processes from day one.

The data source agnostic design and flexible data import options enable seamless integration with any ERP system, providing a scalable solution that adapts to your organization's unique needs.

Reduce the risk of human error on tax filings and ensure consistent integrity in your tax data by leveraging both standard and customized interrogation tools. Whether using pre-built checks or creating tailored rules and filters, these tools can be adapted to meet your specific business needs. Additionally, ONESOURCE offers comprehensive compliance monitoring with dashboards, alerts and regulatory change tracking.

With full coverage in over 60 countries, ONESOURCE Indirect Compliance helps take the complexity out of compliance with ever-evolving tax regulations. Now you can automate the preparation and filing of your tax returns across markets with widely varying requirements. This includes SAF-T reporting and returns for Intrastat declarations as well as sales and purchase listings. 

With continuously updated global tax content and automatic updates, you can feel confident that your returns are always aligned with the latest changes in tax rates and regulations, reducing the risk of non-compliance

Pagero’s pre-built reconciliation with ONESOURCE Indirect Compliance ensures seamless and accurate matching of transactions submitted for e-invoicing with those reported on the VAT return. This reconciliation saves time, reduces the risk of discrepancies and provides a clear audit trail — giving you confidence in the accuracy of your VAT returns and reducing the risk of penalties or fines.

By automating and streamlining indirect tax compliance, you can free up your tax team to focus on strategic activities that drive business growth. The analytics and reporting capabilities within ONESOURCE Indirect Compliance enable your organization to gain valuable insights into indirect tax data, identify trends and inform business decisions.

By leveraging these analytics, you can optimize business operations, improve forecasting and make data-driven decisions that drive revenue growth, reduce costs and enhance competitiveness.