NEXT GENERATION TECHNOLOGY, NOW. · Thomson Reuters you can be confident you’re always complying with the very latest regulation, with the very latest technology. ONESOURCE helps

NEXT GENERATION TECHNOLOGY, NOW.

SOLVE THE CHALLENGE OF GLOBAL TAX AND FINANCIAL REPORTING

Tabl

e of

con

tent

s

Introduction 3

Bridge the gap between NOW and NEXT 5

Compliance 6

Connectivity 7

Change 8

Platform 9

Direct Tax 10

Indirect Tax 11

Statutory Reporting 12

Get the NEXT mindset 13

One size never fits all 14

Technology is everywhere, and everyone’s got it.

But not everyone has the combined power of cutting-edge technology and deep tax expertise. Those that do trust Thomson Reuters ONESOURCE. Join them in a connected world of consistent compliance and confident decision-making.

Thrive into the future of tax and financial reporting.

tr.com/[email protected]

Thomson Reuters ONESOURCE

https://tax.thomsonreuters.com/en/onesource

mailto:onesourceuk%40thomsonreuters.com?subject=

A better way for todayRegulatory change, global connectivity, new requirements and increased scrutiny mean there’s more pressure than ever to deliver. Through new digital reporting regulations like Making Tax Digital (MTD) in UK, Spain’s Suministro Inmediato de Información (SII) and Standard Audit File for Tax (SAF-T) the authorities are demanding more information, more frequently. It’s a high-stakes, high risk world where doing more with less is a necessity.

To stay ahead you require information and tools that are up to the job. You need to be excelling at the intricacies of the day-to-day and stay focussed on the bigger picture, spotting tends and opportunities as they arise. The boardroom, regulators and stakeholders demand new ways of thinking and working. It’s time to adopt a ‘next’ mindset as you rise to the challenge.

3





A better way to thrive tomorrow

ONESOURCE liberates you, giving you the time and the space to focus on the strategic elements of your job that shape the future of tax and finance in your organisation.

Tomorrow’s tax landscape is unknown, but with Thomson Reuters you can be confident you’re always complying with the very latest regulation, with the very latest technology. ONESOURCE helps you deal with changes as they happen, meaning you don’t just react to developments, you thrive in them.

Take your team to the next level by using strategy and technology to elevate tax in your organisation. Make future-focussed, data-driven decisions from one connected platform; today and tomorrow.

4





Bridge the gap between now and next.Make confident decisions using data and processes on one connected platform with ONESOURCE. Through technology and deep expertise, Thomson Reuters provides solutions that will help you meet today’s challenges and thrive into the future.

ONESOURCE provides the technology to manage compliance, stay connected to the world of tax and keep ahead of the changing regulatory and technology landscape.

5



[email protected] tr.com/onesource



COMPLIANCECompliance is the very foundation of what you do, and it’s more important than ever to get it right. Avoid costly errors, reduce workarounds and manual interventions – even when you need to comply in multiple jurisdictions with different deadlines.

ONESOURCE not only provides automation technology, its global tax and financial reporting content ensures that you will always be up-to-date with changing regulations. As the rules change, so does ONESOURCE. Whether faced with the challenges of digital tax reporting including Making Tax Digital and SAF-T or the next phases of Country-by-Country Reporting, ONESOURCE will always help you

keep up with the ever-changing regulatory landscape.

Welcome to technology built by leading tax and financial reporting experts to manage the

entire compliance lifecycle.

AUTOMATE PROCESSES TO SPEED

UP COMPLIANCE

MANAGE COMPLIANCE

ACROSS JURISDICTIONS TO

REDUCE RISK

STAY AHEAD OF REGULATION WITH EMBEDDED LOCAL

AND GLOBAL CONTENT

6






CONNECTIVITYIt’s a small world, but the need for a global perspective has never been bigger. Tax authorities are increasingly connected around the world, and you need to be too. ONESOURCE allows you to connect the dots within your organisation and to the outside world of tax, so you can see the whole picture.

With ONESOURCE you can remove the risk of relying on spreadsheets and connect to data in a more effective and sophisticated way. Connect to other tax and finance teams across the world cohesively, consistently and transparently by combining all your tax technology on one platform.

TRANSITION TO THE WORLD OF DIGITAL

TAX REPORTING CONNECT GLOBAL OR DISPARATE TEAMS

STANDARDISE PROCESSES

ACROSS COUNTRIES

LEVERAGE AN OPEN,

INTEGRATED TAX PLATFORM

7






CHANGEIn tax and finance, change is the only constant. Thomson Reuters gives you the platform to embrace that change, not fear it.

ONESOURCE’s next-generation technology enables you to move away from task-to-task working to focus on the bigger picture of tax and business transformation in your organisation. Become a more agile department able to keep up with the needs of the business, as well as staying ahead of regulatory developments and macro trends.

With Thomson Reuters you can be ready to capitalise on artificial intelligence, blockchain and other innovative technologies as they arise; and you’ll have the guidance to know when it’s time to integrate the right technology into your workflow. By using the latest tools and technology you can ensure you attract and retain the top talent in your department.

” Thomson Reuters data analytics tool allows us to do better value work - freeing up staff to focus on higher value tasks within the department. ”

Group Tax Manager Ascential plc

TRANSFORM YOUR OPERATIONS TO ADD MORE VALUE TO THE

BUSINESS

STAY AGILE BY LEVERAGING

THE LATEST TECHNOLOGY

KEEP TOP TALENT ENGAGED BY AUTOMATING THE ROUTINE TASKS

8






DIRECT TAX INDIRECT

TAX

STATUTORY REPORTING

CLOUD-BASED INTEGRATION

DATA AND PROCESS MANAGEMENT

ONESOURCE Next Generation Tax and Financial Reporting Platform

OPEN PLATFORM

9





DIRECT TAX Elevate your direct tax function and comply with confidenceThe increased focus on global corporate tax affairs and good governance practice is forcing tax departments to evaluate risk and implement controls around tax compliance and reporting processes. ONESOURCE helps manage the complete lifecycle of direct tax and transfer pricing compliance with solutions that are up to date with local tax rules and regulations.

• Automated corporate tax calculations and return submissions

• Streamlined end-to-end tax reporting and provisions processes

• Cohesive transfer pricing monitoring and documentation

• Controlled and future-proofed reporting across countries and jurisdictions

” We have been able to react quickly to any changes, whether it be due to changes in accounting standards, in legislation or purely formatting. This enables us to meet our reporting and submission deadlines, whilst working in an effective and efficient manner. ”

Commercial Financial Controller Costain Group

10



INDIRECT TAX Connecting calculation through to complianceIn the face of changing laws and uncertainty, ONESOURCE helps manage the complexity of new indirect tax regulations including the move towards more frequent, digital reporting. ONESOURCE ensures end-to-end accuracy, from the tax calculation in source transactions through to automating the reporting process.

• Automated indirect tax calculations in source transactions

• Embedded and updated global indirect tax rates and rules

• Centralised compliance solution integrated to source data

• Country-specific digital reporting formats including Making Tax Digital, SAF-T and SII

” All our Compliance had historically been via manual spreadsheets leading to numerous errors. Thomson Reuters ONESOURCE Compliance tool has removed errors and now allows us to file completely digitally to HMRC. ”

Head of Indirect Tax SEGRO

11





STATUTORY REPORTING Empowering teams with a global platform and local knowledgePreparing financial statements can be time-consuming and expensive if you rely on disparate processes. And that’s before you consider the risk that manual interventions create. ONESOURCE provides a consistent and controlled process for disclosure management. Deliver fast, accurate and efficient reporting, regardless of where in the world your financial statements are produced, whether that’s in country, in a shared service centre or a hybrid approach.

• Achieve global coverage with best practice, country-specific reporting templates and content updates

• Gain efficiency with automatic rounding, numbering, referencing, and roll-forward processes

• Centralise and standardise your reporting process globally using multi-language translation tools. Intelligently leverage standard content for personalised disclosures to your reports

” We have automated the production of financial statements and are now able to send a single document to the auditor. Now we are focusing on analysing the company’s positions and not on creating Excel formulas. ”

Statutory Reporting Program Manager,

Large MNC Conglomerate

12


Get the ‘next’ mindsetIt’s called ONESOURCE for a reason. It is one connected ecosystem of innovative corporate tax and financial reporting technology solutions. It’s a single source of expert content powered by next generation technology.

With it you can handle both the day-to-day reporting demands and the challenges that the future holds; with end-to-end compliance, reporting and analysis all in one place.

Join the network of future-focussed professionals who have transformed the way their organisations work. Get focussed, accurate, connected systems that enable you to focus on adding value and insight to your organisation.

13





One size never fits allNo matter what ‘next’ looks like for you and your organisation, we can help you get there smoothly. After all, you’re tax and finance professionals, not IT specialists. Technology is our role. Once you specify your requirements, we can ensure that the right mix of ONESOURCE capabilities are combined in a way that benefits your business.

Thomson Reuters is more than a software provider. We partner with you throughout the implementation process to take your tax and finance processes to the next level. An implementation isn’t complete until ONESOURCE has transformed your tax and financial reporting process.

Let us simplify your operations with software and expertise to connect you to business-critical information, helping you to thrive into the future.

14





Speak to one of our team today to discuss how ONESOURCE could help your organisation, today and tomorrow.

tr.com/ONESOURCE

Call +44 (0)207 375 6869 Email [email protected]

About Thomson Reuters

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.

Documents

NEXT GENERATION TECHNOLOGY, NOW. · Thomson Reuters you can be confident you’re always complying with the very latest regulation, with the very latest technology. ONESOURCE helps