April 13, 2023
Thomson Reuters ONESOURCE Indirect Tax Integration Achieves SAP Certification for S/4HANA Cloud, Private Edition
Integration helps customers better use ONESOURCE Indirect Tax to perform accurate tax calculations and simplify technical requirements, while staying compliant with evolving tax regulations and reducing the need for custom coding and content
Thomson Reuters, April 13, 2023, TORONTO – Thomson Reuters announced today that ONESOURCE Indirect Tax has achieved SAP® certification for integration with the SAP S/4HANA® Cloud, private edition. This rare competitive advantage means customers can now leverage the ONESOURCE Determination product to perform accurate tax calculations and simplify technical requirements while staying compliant with evolving tax regulations – and reducing the need for customizations.
“IT and tax professionals shouldn’t have to choose between functionality and accuracy,” said Ray Grove, vice president, Indirect Tax, Thomson Reuters. “This unique designation allows Thomson Reuters to stand alone in our industry. By implementing best practices and cutting-edge technology to maximize compatibility, flexibility, speed, and global compliance, we’re helping our customers work smarter, not harder.”
The ONESOURCE integration for SAP S/4HANA Cloud offers support for more than 205 countries and territories, including support for the standard SAP interface for U.S. sales and use tax. By leveraging cloud-native technologies – such as auto-scaling and zero down-time for upgrades – ONESOURCE reduces the time and effort required to implement and maintain the solution, making it easier for customers to stay compliant with evolving tax regulations. In addition, customers using the ONESOURCE integration with SAP S/4HANA should reduce the need for custom coding and content.
It can be challenging for companies with global operations to comply with local regulations in multiple countries. This integration helps multinational corporations operate more efficiently and with the confidence of being backed by an industry-leading certification.
The SAP certification validates that ONESOURCE follows SAP guidelines for third-party add-ons, ensuring high levels of security and performance for customers. For more on ONESOURCE Determination, visit https://tax.thomsonreuters.com/en/products/onesource-determination.
Thomson Reuters is a leading provider of business information services. Our products include highly specialized information-enabled software and tools for legal, tax, accounting and compliance professionals combined with the world’s most global news service – Reuters. For more information on Thomson Reuters, visit tr.com and for the latest world news, reuters.com.