ONESOURCE Reviews

10 Ratings
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Score 6.1 out of 100

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Reviews (1-5 of 5)

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Anonymous | TrustRadius Reviewer
October 22, 2019

ONESOURCE - Tax Compliance Suite...it's Sweet!

Score 7 out of 10
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Verified User
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Return on Investment

  • Without the use of ONESOURCE Transfer Pricing, we wouldn't be able to turn out transfer pricing documentation on our own. We have approximately 125 transfer pricing reports a year that require preparation, and outsourcing those at $15-25,000 a piece isn't feasible. We pay less than $50,000 annually for ONESOURCE Transfer Pricing and can now turn out as many reports as we need for a flat fee.
  • ONESOURCE BEPS Action Manager ("BAM") allows us to prepare both our Country by Country Report and our Master File in house. We had received quotes from accounting firms in the range of $100-200,000 annually for a Country by Country Report and $50,000 for a Master File annually. For a $20,000 investment annually in BAM, we can complete both in house.
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Anonymous | TrustRadius Reviewer
November 08, 2019

ONESOURCE is the highest quality income tax preparation software.

Score 10 out of 10
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Return on Investment

  • By moving the tax return preparation process in-house by utilizing ONESOURCE, the company has significantly reduced the costs associated with filing the income tax returns.
  • ONESOURCE has given the company better control over the data.
  • By utilizing ONESOURCE, the company has better internal documentation that will assist in defending future audits without having to rely on outside accounting firms.
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Anonymous | TrustRadius Reviewer
October 24, 2019

ONESOURCE Review

Score 1 out of 10
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Return on Investment

  • Leaves sales tax off invoices from time to time.
  • Reduces the amount of manual work needed to calculate sales tax and to update tax rates.
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Anonymous | TrustRadius Reviewer
May 21, 2018

Indirect Tax Manager

Score 7 out of 10
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Return on Investment

  • ONESOURCE has allowed us to better serve our recipients from an experience/support aspect and that has been a great benefit.
  • The audit trail created through the ONESOURCE information tax reporting platform has alleviated a great deal of stress when it comes to document retention.
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Feature Scorecard Summary

Sales and Use Taxes (1)
1
Geolocation for Tax Assessment (1)
1
3rd-Party Software Integrations (1)
1
Tax Data Reporting (2)
7.0
Compliance Administration Management (2)
5.6
Tax Exemption Processing (1)
1
Tax Document Management (1)
1
Complex Tax Scenario Management (1)
1

About ONESOURCE

Thomson Reuters ONESOURCE is a portfolio of tax and accounting technology for corporations designed to help users boost collaboration with departments and partners and ensure seamless tax compliance no matter where a company does business.
Categories:  Tax Compliance

ONESOURCE Technical Details

Operating Systems: Unspecified
Mobile Application:No