DATA MANAGEMENT SERVICES FROM THOMSON REUTERS

Thomson Reuters has solutions to help tax departments tax sensitize their data to use for their provision, return, planning and reporting.

Our solutions are flexible and customizable, enabling you to implement what's best for your unique circumstances. We have teams dedicated to solving data management problems. Based on input from you and your tax staff, we'll determine your needs and design a solution that meets your specific objectives.

Over the years, we have built solutions to help tax departments move data to, and within, their department. We have developed solutions to help tax departments:

Manage their trial balances,
Tax sensitize their general ledgers,
Manage multiple charts of accounts
Standardize the process under which tax packages are developed and distributed.

Our professional services data management teams include tax experts who will understand your department's needs, present a variety of options to meet your objectives and implement your chosen solutions to maximize your efficiency and effectiveness.

DATA MANAGEMENT SERVICE SOLUTION

Getting data right from the beginning of the tax life cycle influences the efficiency, accuracy, risk, and control of your planning, provision, compliance, and audit.

That's why Thomson Reuters has created solutions for aggregating trial balance data in a tax-sensitized fashion that puts flexibility and control in the hands of the tax department. We combine our professional services expertise with technology to deliver solutions that fit almost any need:

Trial Balance solutions:

General Ledger Bridge

Customizable,
Consolidates multiple GL or ERP systems specifically for tax purposes,
Creates a master chart of accounts, and
Creates mapping from each separate general ledger (GL) or ERP system to the master chart of accounts for easy data transfer between systems.

It provides a complete audit trail and history, and streamlines the process of bringing GL data to a usable format for tax purposes. This solution is best for processes that require infrequent loads from your general ledgers, ERP systems, or tax source systems, and it integrates easily with ONESOURCE Income Tax.

Tax Data Warehouse

This is a provision-oriented data management solution. It's most appropriate when your tax department is conducting frequent data loads from your GL, ERP systems, or tax source systems to calculate your monthly, quarterly, and annual provision.
Tax Data Warehouse also integrates with ONESOURCE Tax Provision (formerly TaxStream) and your general ledgers for posting journal entries.

Tax Data Warehouse can

Consolidate multiple GL or ERP systems specifically for tax purposes,
Create a master chart of accounts,
Create mapping from each separate GL or ERP system to the master chart of accounts for easy data transfer between systems.
Automate the push and pull of data to and from GL and ERP systems,
Accommodate multiple accounting standards for each account (IFRS, U.S. GAAP, FERC, SSAP 10),
Set up automatic reclass entries for specific accounts each time the trial balance data load is processed,
Create unlimited tiers of subconsolidations and parent/child relationships between the master account, GL/ERP accounts, and the tax source system account.

DataFlow module of ONESOURCE Workflow Manager

DataFlow makes the dissemination, collection and tracking of tax packages simple and easy. Users only receive the portion of the tax package relevant to them and can only enter data in the fields you designate.

Send out changes to your tax package easily and instantly so everyone is always working with the latest information. No more worrying about which version is the most recent. Track progress, send reminders and ensure that tax packages are complete before allowing them to be returned.

And DataFlow is fully integrated with ONESOURCE Income Tax and ONESOURCE WorkFlow Manager, simplifying data management even more!

International Data Management solution of ONESOURCE Income Tax, a comprehensive data collection and management application that combines:

The familiarity and flexibility of Microsoft® Excel
The power of a SQL database
The trusted implementation and training services of Thomson Reuters

We'll work hand in hand with you to analyze, discover, and implement international data collection improvements to help organize the process of collecting and managing international data.

We also can provide services to help with managing data for apportionment, fixed assets and the R&D tax credit.

Thomson Reuters has dedicated, highly experienced services teams who will work with you to analyze your processes, understand and document your challenges, and provide the most efficient and cost-effective solution that best meets your needs.