Thomson Reuters has announced the launch of ONESOURCE Integration for Oracle ERP Cloud. The ONESOURCE global tax technology solution integrates with Oracle Enterprise Resource Planning (ERP) Cloud to enable companies to comply with all their real-time tax calculations needs.
"With strong adoption of the industry-leading Oracle ERP Cloud, our customers require a trusted, accurate and scalable tax management solution that can operate seamlessly with their ERP solution,” said Rondy Ng, senior vice president of Oracle ERP Applications. “Thomson Reuters ONESOURCE meets the demands of our customers who are moving to the cloud and must ensure they are complying with tax regulations on a global basis."
Thomson Reuters has a long history of supporting the tax technology needs of multinational corporations and mid-sized companies that operate on-premises versions of Oracle E-Business Suite 11i and R12. The new offering builds on the widely-adopted ONESOURCE solution by bringing the same powerful tax engine to support Oracle ERP Cloud. The cloud-to-cloud tax calculation service API is a collaborative effort between Thomson Reuters and Oracle.
“We’re proud to have collaborated with Oracle to develop and deploy this new integration at one of the largest companies in the world,” said Joe Harpaz, SVP and managing director, Corporate segment, for the Tax & Accounting business of Thomson Reuters. “As businesses accelerate and move their systems and infrastructure to the cloud, they expect their vendors and partners to offer the same great capabilities as they’ve had in an on-premises world – with the increased expectations of better experience and security in the cloud.”