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Thomson Reuters releases ONESOURCE Indirect Tax Integration for Microsoft Dynamics AX

NEW YORK, January 27, 2016 – Thomson Reuters today announced the release of the Thomson Reuters ONESOURCE Indirect Tax Integration for Microsoft Dynamics AX. The integration connects the proven ONESOURCE Indirect Tax platform, already used by thousands of multinational companies to determine U.S. and Canadian sales tax estimates, with Microsoft Dynamics AX to help companies eliminate the complexity of tax compliance in an ever-changing tax landscape. The end-to-end, cloud-based software solution manages every step of the indirect tax process – including rate calculation, research, reporting and tax filings – and integrates tightly with existing sales processes to provide a complete view of sales tax liability from a unified platform.

“Given that there were over 1,700 sales tax changes and 5,000 sales and use tax changes in the U.S. last year alone, configuring rates and rules in Microsoft Dynamics AX can be extremely labor-intensive and costly for companies,” said Chris Carlstead, managing director of indirect and property taxes in the Tax and Accounting business of Thomson Reuters. “ONESOURCE Indirect Tax Integration for Microsoft Dynamics AX is an easy-to-implement solution that helps companies easily streamline and automate their sales tax compliance while increasing their agility as they expand globally.”

Designed for growing businesses, the solution is scalable to support business growth and offers enterprise-level configurability to meet each company’s specific tax needs.

Key Features:

  • automation streamlines VAT compliance across the entire company.

  • Supported processes are compatible with sales quotes, sales orders, sales invoices, return orders, credit memos and more.

  • Tax research provides automatic tax rate updates for over 16,000 tax authorities in 175 countries, eliminating the need for manual maintenance of tax rules, manual tax settings, and tax rate tracking.

  • Tax rate calculator allows users to test, save and re-run transaction scenarios to ensure accuracy.

  • Address validation uses USPS certified data to clean and verify addresses to ensure correct tax calculation and shipping.

  • Exception management enables the electronic capture and storage of all exemption and resale certificates and ensures immediate access and automated control.

  • Dynamic reporting facilitates tax filing and audits with over 600 ready-to-sign tax returns and 40 pre-written and ad hoc reports.

ONESOURCE Indirect Tax Integration for Microsoft Dynamics AX is now available. For more information about the new version, visit https://tax.thomsonreuters.com/onesource/indirect-tax/erp-integration/microsoft-dynamics-ax/.

Thomson Reuters
Thomson Reuters is the world’s leading source of news and information for professional markets. Our clients rely on us to provide them with the information, technology and expertise they need to find reliable answers. The company has been operating in over 100 countries for over 100 years. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, visit
thomsonreuters.com.

MEDIA CONTACTS

Laura Rojo-Eddy
+1 972 250 8556
[email protected]


This announcement is being distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this communication guarantees that it is solely responsible for the content, accuracy and originality of the information contained therein.
Source: Thomson Reuters Corporation via GlobeNewswire
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