TORONTO, Dec. 6, 2024
/CNW/ -- Thomson Reuters (NYSE/TSX: TRI), a global
content and technology company, today announced that it has been
positioned as a Leader in two IDC MarketScape reports – IDC
MarketScape: Worldwide SaaS and Cloud-Enabled SaaS Sales and Use
Tax Automation Software for Enterprise 2024 Vendor Assessment (doc
#US52035324, December 2024), and IDC
MarketScape: Worldwide Value-Added Tax Management Applications 2024
Vendor Assessment (doc #US52732824, December
2024).
"In today's rapidly evolving global marketplace, tax compliance
has become increasingly complex for multinational corporations. At
Thomson Reuters, we're committed to empowering our customers with
cutting-edge technology that not only ensures compliance but also
enhances their competitive edge," said Ray
Grove, head of Corporate Tax and Trade at Thomson
Reuters.
"We believe our recognition as a Leader in both the enterprise
SUT and VAT markets in this IDC MarketScape underscores our
unwavering dedication to our customers' success. Through our
trusted ONESOURCE solutions, serving over 205 countries and
territories, we continue to push the boundaries of innovation. Our
vision is to create a seamlessly connected suite of global indirect
tax calculation, reporting, and e-invoicing capabilities, providing
best-in-class technology to enable our customers to navigate the
complexities of tax compliance with confidence and agility."
"Businesses of all sizes are grappling with an increasingly
complex tax landscape, and they are turning to technology vendors
for sophisticated tax automation solutions that seamlessly
integrate, ensure compliance, and boost operational efficiency,"
said Kevin Permenter, research
manager at IDC. "Thomson Reuters has consistently demonstrated its
commitment to innovation and customer success in the SaaS and
cloud-enabled Value-Added Tax automation software market. Their
ONESOURCE platform stands out for its comprehensive global
coverage, robust integration capabilities, and advanced features
powered by edge computing and AI. They are positioned well to
address the evolving needs of businesses facing intricate tax
compliance challenges across multiple jurisdictions."
Pagero, part of Thomson Reuters, was also recently named a
Leader in the IDC MarketScape: European Compliant e-Invoicing 2024
Vendor Assessment (doc #EUR151806424, September 2024). As a key part of Thomson Reuters
e-invoicing offering, ONESOURCE Pagero supports businesses to
accelerate growth with trusted, automated e-invoicing software that
streamlines global compliance processes to unlock valuable business
insights.
Thomson Reuters ONESOURCE offers comprehensive tax compliance
solutions, including automated tax return preparation and filing
for Sales and Use Tax and VAT. It integrates with major ERPs and
provides tax determination and calculation for all transactions.
ONESOURCE also features edge computing for faster, more controlled
tax calculations. Recently, Thomson Reuters launched ONESOURCE with
CoCounsel globally, integrating generative AI assistance. This
enhanced solution combines a new AI Product Support skill with
CoCounsel, Thomson Reuters professional-grade generative AI
assistant that provides instant, natural-language answers drawn
from Thomson Reuters trusted, proprietary content.
About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide
an overview of the competitive fitness of technology and service
suppliers in a given market. The research utilizes a rigorous
scoring methodology based on both qualitative and quantitative
criteria that results in a single graphical illustration of each
supplier's position within a given market. IDC MarketScape provides
a clear framework in which the product and service offerings,
capabilities and strategies, and current and future market success
factors of technology suppliers can be meaningfully compared. The
framework also provides technology buyers with a 360-degree
assessment of the strengths and weaknesses of current and
prospective suppliers.
Thomson Reuters
Thomson Reuters (NYSE / TSX: TRI) ("TR") informs the way forward
by bringing together the trusted content and technology that people
and organizations need to make the right decisions. The company
serves professionals across legal, tax, accounting, compliance,
government, and media. Its products combine highly specialized
software and insights to empower professionals with the data,
intelligence, and solutions needed to make informed decisions, and
to help institutions in their pursuit of justice, truth, and
transparency. Reuters, part of Thomson Reuters, is a world leading
provider of trusted journalism and news. For more information,
visit tr.com.
Media contact
Kirsty
Bennett
Director, Customer and Product PR
kirsty.bennett@thomsonreuters.com
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SOURCE Thomson Reuters
