ONESOURCE

ONESOURCE

About TrustRadius Scoring
Score 7.2 out of 100
Thomson Reuters ONESOURCE

Overview

Recent Reviews

ONESOURCE Review

1 out of 10
October 25, 2019
OneSource is used to calculate sales and use taxes. It is also used as a record-keeping system. It was used to file returns as well, but …
Continue reading

Indirect Tax Manager

7 out of 10
May 21, 2018
Our organization utilizes ONESOURCE for a variety of tax reporting functions. The main focus area where I have used ONESOURCE is for tax …
Continue reading
Read all reviews

Video Reviews

Leaving a video review helps other professionals like you evaluate products. Be the first one in your network to record a review of ONESOURCE, and make your voice heard!

Return to navigation

Pricing

View all pricing
N/A
Unavailable

What is 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.

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting / Integration Services

Would you like us to let the vendor know that you want pricing?

10 people want pricing too

Alternatives Pricing

What is Tipalti?

Tipalti is a cloud-based platform that enables mass payment management and execution to networked partners (e.g. affiliates, suppliers, vendors, crowdsource, freelancers, and content publishers) across international borders. Payment can be in any local currency, through a variety of methods (e.g.…

What is LOVAT?

Tax software for VAT/sales tax filing. LOVAT platform collects all tax data across any sales channel and files VAT returns in a minute. Accurate VAT calculation, tax due reminders, automatic filing, free data storing with the real-time support of tax expert team available. LOVAT enables the user to…

Return to navigation

Features Scorecard

No scorecards have been submitted for this product yet..
Return to navigation

Product Details

What is 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.

ONESOURCE Technical Details

Operating SystemsUnspecified
Mobile ApplicationNo

Frequently Asked Questions

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.

Reviewers rate Tax Data Reporting highest, with a score of 9.

The most common users of ONESOURCE are from Enterprises (1,001+ employees) and the Accounting industry.
Return to navigation

Comparisons

View all alternatives
Return to navigation

Reviews and Ratings

 (15)

Ratings

Reviews

(1-7 of 7)
Companies can't remove reviews or game the system. Here's why
Score 8 out of 10
Vetted Review
Verified User
Review Source
  • Easy to use
  • Simple platform that anyone can understand
  • Turn around time was fast
  • Customer service was also fast and very helpful
  • Contract with more testing facilities for more options for new hires
  • Find ways to integrate into HRIS systems
  • Cheaper rates
Score 8 out of 10
Vetted Review
Verified User
Review Source
  • [ONESOURCE] allows great customization
  • [ONESOURCE] allows for easy importing of client data
  • [ONESOURCE] allows data to be exported efficiently
  • Implementing the software can be user intensive
  • Learning curve for using the program
Score 10 out of 10
Vetted Review
Verified User
Review Source
  • ONESOURCE allows for easy implementation. We were able to implement the product in a few weeks.
  • ONESOURCE provides detailed records that provide support for the groupings on the tax return. This will assist in providing documentation to auditors in a timely fashion.
  • I don't have any comments on this.
October 25, 2019

ONESOURCE Review

Score 1 out of 10
Vetted Review
Verified User
Review Source
  • Detailed reports.
  • Key fields in data.
  • Reporting speeds.
  • Calculations based on latitude and longitude instead of zip code.
  • Calculate returns based on actual state returns.
  • Better mapping of addresses.
  • Quicker responses to customer tickets.
  • Better connectors to ERP systems.
  • Easier access to live transactional data.
  • Free connector to data analysis software like Microsoft SQL.
Score 7 out of 10
Vetted Review
Verified User
Review Source
  • ONESOURCE is excellent for providing a holistic suite of products that are specifically geared toward tax compliance.
  • ONESOURCE also does an excellent job of maintaining a fresh look and appearance to their products, but doesn't change the base functionality just to sell more or improve the look of the product.
  • ONESOURCE also does an excellent job of maintaining current tax information. In an ever changing tax world, this is the most important thing for a piece of tax software to provide.
  • There are some aspects of the ONESOURCE suite that are a bit clunky. Their all cloud based environment is a great idea, but when you are talking about hundreds and thousands of tax forms, entity data, and general ledger detail recalculating, sometimes a web-based approach isn't the best option.
  • While their support team is very knowledgeable and very willing to help, sometimes it is tough to navigate which support team you need simply due to the volume of products they offer.
  • Products can sometimes be rushed to market in order to be the "first one available". This is great for initial market capture, but if the product has not been well thought out and doesn't conform to the specific tax compliance effort, chances of maintaining use of the product aren't likely to be great.
Score 7 out of 10
Vetted Review
Verified User
Review Source
  • The ability to recall data from prior years is great. We constantly get requests to pull prior year forms and the system allows us to complete these requests efficiently.
  • The ability to track tax information events (such as print filing dates, b-notices, and recipient responses) is a huge benefit of ONESOURCE and is one of the main reasons we utilize their service over that of their competitors.
  • ONESOURCE customer service is highly responsive. One of the huge benefits of working with ONESOURCE is the assigned CES who answers any & all questions relating to not only the software itself, but the underlying tax requirements and due dates, etc.
  • ONESOURCE absolutely needs to restore their TIN Matching feature. Not having a TIN Matching feature is huge and needs to be addressed immediately.
  • The software interface itself is outdated and clunky. It is way behind in terms of user-friendliness and convenience. Additionally, it is only compatible with Internet Explorer. ONESOURCE is literally the only reason I would ever access Internet Explorer which is notably slower and more prone to freezing than Google Chrome or Safari. A good portion of our business uses Macs which means they are SOL on accessing ONESOURCE.
  • The ability to look at multiple tax years for a single recipient would be huge. Currently, if a recipient asks us to pull three years of data, this means three different searches within each year's ONESOURCE instance. It's tedious and could be improved.
Score 7 out of 10
Vetted Review
Verified User
Review Source
  • Performance
  • Regular update of tax content
  • Ability to connect to multiple platforms
  • High TOC. No patching strategy for Onesource. Each bug fix is basically a new implementation, requiring an end-to-end regression test for SSabrix/Onesource and each connected ERP.
  • Lack control of developments. Often a bug fix release contains changes to other - undocumented - areas within the application which leads to multiple implementation iterations.
  • Limited collaboration with ERP providers. If something goes wrong in the connector to an ERP system (e.g. due to ERP version upgrade), Thomson Reuters is not as connected with the ERP vendor as could be desired i.e. the burden of connecting the ERP provider with the Onesource provider (TR) is laying with the customer. This is especially true for the Oracle Fusion integration.
  • High project cost. When connecting to an ERP system for the first time , the integration with Sabrix is costly due to the need for connector development (less for the actual Sabrix configuration).
Return to navigation