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January 26, 2016

Thomson Reuters Unveils Leasing Data Functionality for ONESOURCE Property Tax

NEW YORK – Thomson Reuters today announced the addition of Leasing Data Functionality to Thomson Reuters ONESOURCE Property Tax, the web-based, industry-leading property tax software solution. The added functionality streamlines the data import process for leasing customers and facilitates reconciliation, which can drastically reduce the risk of user error when managing and maintaining leased asset data.

“Property tax professionals must perpetually keep up with countless updates to leasing data, making data accuracy a major challenge,” said Chris Carlstead, managing director, Indirect and Property Tax, for the Tax & Accounting business of Thomson Reuters. “ONESOURCE Property Tax leasing data functionality relieves tax professionals of the manual maintenance burden and streamlines the data management process.”

Key new features include:

  • Leasing specific application settings that automate location ID and account setup, allowing users to easily change settings and better control how locations and accounts are created and filed.  
  • Enhanced asset import options that allow the import of asset data with related location and lessee data within a single import file, as well as added efficiencies of address normalization and assessing jurisdiction lookup. 
  • Location and lessee/lessor comparison that uses normalized address information to monitor asset movement, removing the users’ responsibility to manually analyze asset movement.

Leasing Data Functionality is available now as part of ONESOURCE Property Tax. For more information, visit: https://tax.thomsonreuters.com/products/brands/onesource/property-tax/.


Thomson Reuters
Thomson Reuters is the world’s leading source of news and information for professional markets. Our customers rely on us to deliver the intelligence, technology and expertise they need to find trusted answers. The business has operated in more than 100 countries for more than 100 years. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, visit www.thomsonreuters.com.

 

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