ONESOURCE Indirect Tax Integration provides robust support for complex, multi-national transaction tax requirements
(Thomson Reuters ONE) -
New York, Nov. 5, 2013 - The Tax & Accounting business of Thomson Reuters, a
Gold level member of Oracle PartnerNetwork (OPN), today announced it has
achieved Oracle Validated Integration of its ONESOURCE Indirect Tax Integration
for Oracle E-Business Suite 12.2. ONESOURCE Indirect Tax can provide a robust
transaction tax solution for global companies with complex tax requirements.
To achieve Oracle Validated Integration, Oracle partners are required to meet a
stringent set of requirements that are based on the needs and priorities of the
customers*. With increased ease of set-up and configuration, the ONESOURCE
Indirect Tax Integration for Oracle E-Business Suite 12.2 helps eliminate
manual, error-prone configuration and helps companies scale tax policies across
the company.
"Thomson Reuters has a strong relationship with Oracle as a valued partner, not
only in the area of tax technology, but also in leveraging Oracle products in
our data centers and throughout our enterprise," said Rick King, COO Technology
at Thomson Reuters and executive sponsor with Oracle. "This latest validation
underscores our commitment to the continual investment to build, maintain, and
support solutions for use with Oracle Applications, such as Oracle E-Business
Suite."
"Achieving Oracle Validated Integration gives our customers confidence that the
ONESOURCE Indirect Tax Integration for Oracle E-Business Suite 12.2 is
functionally sound and performs as tested," said Kevin O'Brien, senior director,
ISV and SaaS Strategy, Oracle. "For solutions deployed on-premise, in the
cloud, or both, Oracle Validated Integration applies a rigorous technical review
and test process that helps to reduce deployment risk and improves the user
experience of the partner's integrated offering."
The ONESOURCE Indirect Tax Integration for Oracle E-Business Suite 12.2 was
built by an in-house team of experts using Oracle integration best practices.
It employs standard Oracle integration techniques to enable the determination
and calculation of taxes in the order-to-cash and procure-to-pay business
processes. In each of these application areas, ONESOURCE Indirect Tax offers
enhanced flexibility that enables the passing of additional customer-specific
data elements, which can be critical for the accurate determination of usage and
taxability within the ONESOURCE Indirect Tax Determination Software.
With the ONESOURCE Indirect Tax Integration for Oracle E-Business Suite 12.2,
companies can:
* Virtually eliminate error-prone, manual calculations at the transaction
level as ONESOURCE Indirect Tax Determination automatically determines and
calculates tax based upon the attributes of a transaction
* Virtually eliminate manual jurisdiction code or tax code assignments during
transaction processing to support increased tax accuracy and appropriate
accounting/GL posting
* Help remove the need to store and maintain tax rates within Oracle as tax
rules, rates and logic are maintained within the ONESOURCE Indirect Tax
Determination Software
* Access robust, vendor-charged tax and accrual functionality for procure-to-
pay process flows, including tax determination and calculation on purchase
orders, and validation of vendor-charged tax on accounts payable invoices
Pricing and Availability
ONESOURCE Indirect Tax Integration for Oracle E-Business Suite 12.2 is available
now. Pricing is on a subscription basis and is based on a company's transaction
tax complexity. For more information, visit
https://tax.thomsonreuters.com/products/brands/onesource/indirect-tax/oracle-
integration/
About Thomson Reuters
Thomson Reuters is a leading source of intelligent information for businesses
and professionals. We combine industry experience with innovative technology to
deliver critical information to leading decision makers in the financial and
risk, legal, tax and accounting, intellectual property, science and media market
segments, powered by the world's most trusted news organization. With
headquarters in New York and major operations in London and Eagan, Minnesota,
Thomson Reuters employs approximately 60,000 people and operates in over 100
countries. Thomson Reuters shares are listed on the Toronto and New York Stock
Exchanges (symbol: TRI). For more information, go to http://thomsonreuters.com
About Oracle Validated Integration
Oracle Validated Integration, available through the Oracle PartnerNetwork (OPN),
gives customers confidence that the integration of complementary partner
software products with Oracle Applications and specific Oracle Fusion Middleware
solutions have been validated, and the products work together as designed. This
can help customers reduce risk, improve system implementation cycles, and
provide for smoother upgrades and simpler maintenance. Oracle Validated
Integration applies a rigorous technical process to review partner integrations.
Partners who have successfully completed the program are authorized to use the
"Oracle Validated Integration" logo. For more information, please visit
Oracle.com at http://www.oracle.com/us/partnerships/solutions/index.html.
About Oracle PartnerNetwork
Oracle PartnerNetwork (OPN) Specialized is the latest version of Oracle's
partner program that provides partners with tools to better develop, sell and
implement Oracle solutions. OPN Specialized offers resources to train and
support specialized knowledge of Oracle products and solutions and has evolved
to recognize Oracle's growing product portfolio, partner base and business
opportunity. Key to the latest enhancements to OPN is the ability for partners
to differentiate through Specializations. Specializations are achieved through
competency development, business results, expertise and proven success. To find
out more visit http://www.oracle.com/partners.
###
Trademarks
Oracle is a registered trademark of Oracle and/or its affiliates.
*The scope of Oracle Validated Integration for tax partner solutions is United
States sales and use tax only
-End-
CONTACT
Aimee Quemuel
415-753-9005
aimee(at)codeycommunications.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Thomson Reuters Corporation via Thomson Reuters ONE
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