ONESOURCE-INDIRECT-TAX

ONESOURCE Indirect Tax Thomson Reuters sales tax engine.

Definition

ONESOURCE Indirect Tax key capabilities: (1) Real-time tax determination via SOAP + REST API + native ERP connectors (SAP RFC + Oracle EBS + Oracle Cloud + Workday). (2) Content database: 175+ countries supported VAT/GST + ~14000 US tax jurisdictions + ~3500+ Canada jurisdictions + LATAM IPI/ICMS Brazil + Mexico IEPS + IVA. (3) Rules engine: ~5000+ Thomson Reuters tax content analysts maintain rules + rates monthly updates. (4) Exemption management: ECM ONESOURCE Certificate Manager. (5) Returns + filings: ONESOURCE Compliance handles US + Canada + EU + UK + LATAM + APAC indirect tax filings periodic. (6) Audit defense: data hub + reports + reconciliation. (7) Cloud + on-premises deployment options. Notable integrations: SAP O2C + P2P workflows, Oracle EBS Order Management, Coupa procurement, Salesforce, NetSuite. Acquisitions: Sabrix 2009 ($163M) became ONESOURCE Indirect Tax core engine, Onvio cloud platform 2017, periodic content additions.

Origin

Sabrix founded 1995 ; acquired by Thomson Reuters March 2009 $163M ; integrated into ONESOURCE suite + rebranded ONESOURCE Indirect Tax.

Example in context

Global energy enterprise SAP S/4HANA + ONESOURCE Indirect Tax: sales order in SAP, ONESOURCE Sabrix connector calls SOAP API real-time, ONESOURCE returns correct tax amount (US sales tax + EU VAT MOSS + UK VAT + GST India + ICMS Brazil), tax posted to SAP order, monthly ONESOURCE Compliance filings indirect tax returns ~30 jurisdictions.

Related terms

• Thomson Reuters ONESOURCE — parent suite.
• Vertex — competitor.