Thomson Reuters Launches International Data Management Solution
01 September 2009 - 1:00AM
PR Newswire (US)
Relieves International Data Collection Burden for U.S. Corporate
Tax Departments CARROLLTON, Texas, Aug. 31 /PRNewswire-FirstCall/
-- The Tax & Accounting business of Thomson Reuters recently
released ONESOURCE(TM) Income Tax - International Data Management.
This software and services solution helps U.S. corporate tax
departments efficiently collect and manage data from international
subsidiaries for preparation of domestic income tax returns. "A
typical tax department may spend countless hours requesting,
tracking, updating, combining, and analyzing data from colleagues
at dozens or hundreds of foreign entities, while juggling multiple
versions of spreadsheets," said Steve Mendelsohn, senior vice
president of Corporate Income Tax at Thomson Reuters. "This doesn't
have to be a burdensome process. The International Data Management
Solution provides an efficient and effective means to gather,
manage, and track data, decreasing time spent collecting data and
increasing the quality of the final return." Highlights of
ONESOURCE Income Tax - International Data Management are: -- Enter
data into front-end templates in Microsoft Excel format. No need to
learn a new application. -- Store data automatically in an SQL
(Structured Query Language) database separate from templates for
back-end data integrity. Data available is always the current
version. -- Set security restrictions, limiting or granting access
to edit data areas. -- Change template elements mid-stream without
disturbing data integrity. -- Manage data collection process
through workflow automation, document management, calendar
management, and e-mail communication. -- Export easily to ONESOURCE
Income Tax or other compliance software to process the return.
Export data to spreadsheet tools to calculate or analyze reporting
data. "As U.S. tax departments are being asked to do more with
fewer resources, they need an efficient means to manage
international data. ONESOURCE Income Tax - International Data
Management provides the perfect solution, while supporting accurate
returns and reporting," added Mendelsohn. Additional information
can be obtained by visiting
http://www.onesource.thomsonreuters.com/incometax or calling
800-865-5257. About Thomson Reuters Thomson Reuters is the world's
leading source of intelligent information for businesses and
professionals. We combine industry expertise with innovative
technology to deliver critical information to leading decision
makers in the financial, legal, tax and accounting, scientific,
healthcare and media markets, 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
more than 50,000 people in more than 100 countries. Thomson Reuters
shares are listed on the New York Stock Exchange (NYSE:TRI);
Toronto Stock Exchange (TSX: TRI); London Stock Exchange
(LSE:TRIL); and Nasdaq (NASDAQ:TRIN). For more information, go to
http://www.thomsonreuters.com/. The Tax & Accounting business
of Thomson Reuters is the leading provider of technology and
information solutions, as well as integrated tax compliance
software and services to accounting, tax and corporate finance
professionals in accounting firms, corporations, law firms and
government. Tax & Accounting includes the Corporate Software
& Services, Professional Software & Services, and Research
& Guidance business groups. DATASOURCE: Thomson Reuters
CONTACT: Ruth Ann Baker (U.S.), Public Relations of Thomson
Reuters, +1-972-250-7438, Web Site: http://thomsonreuters.com/
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