Thomson Reuters ONESOURCE Tax Provision
Automate your corporate financial close and save time during the tax provision process.
Overview
ONESOURCE Tax Provision is a global tax accounting solution designed to automate and streamline the corporate tax provision process. It helps companies comply with accounting standards like ASC 740 and IFRS. The software is built to handle complex calculations, including deferred tax assets and liabilities, valuation allowances, and effective tax rates, assisting in financial reporting and tax planning for multinational corporations.
✨ Key Features
- ASC 740 & IFRS Compliance
- Automated Data Collection
- Deferred Tax Calculation
- Effective Tax Rate (ETR) Calculation
- Global Tax Provision Consolidation
- Scenario Modeling
- FIN 48/UML Analysis
- Return-to-Provision Automation
- Customizable Reporting
- Workflow Management
🎯 Key Differentiators
- Integration with the broader ONESOURCE suite
- Strong global capabilities
- Patented calculation engine
Unique Value: Provides a single, integrated platform for global tax provision and compliance, reducing manual work and improving accuracy.
🎯 Use Cases (4)
✅ Best For
- Global tax provision for large enterprises
- Integration with ERP systems for automated data flow
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Small businesses with simple tax structures
- Companies without dedicated tax departments
🏆 Alternatives
Offers deeper integration with other tax and accounting functions within the ONESOURCE ecosystem compared to standalone solutions.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Live Chat
- ✓ Phone Support
- ✓ Dedicated Support (Enterprise tier)
🔒 Compliance & Security
💰 Pricing
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