Data and Database Management Software
Data Management Software is developed for tax departments.
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Press Release Summary:
Using ONESOURCE(TM) Income Tax - International Data Management, U.S. corporate tax departments can collect and manage data from international subsidiaries for preparation of domestic income tax returns. Users can enter data into front-end templates in Microsoft Excel format, set security restrictions limiting or granting access to edit data area, and manage data collection process through workflow automation, document management, calendar management, and e-mail communication.
Original Press Release:
Thomson Reuters Launches International Data Management Solution
Relieves International Data Collection Burden for U.S. Corporate Tax Departments
CARROLLTON, Texas, Aug. 31 /-- The Tax & Accounting business of Thomson Reuters recently released ONESOURCE(TM) Income Tax - International Data Management. This software and services solution helps U.S. corporate tax departments efficiently collect and manage data from international subsidiaries for preparation of domestic income tax returns.
"A typical tax department may spend countless hours requesting, tracking, updating, combining, and analyzing data from colleagues at dozens or hundreds of foreign entities, while juggling multiple versions of spreadsheets," said Steve Mendelsohn, senior vice president of Corporate Income Tax at Thomson Reuters. "This doesn't have to be a burdensome process. The International Data Management Solution provides an efficient and effective means to gather, manage, and track data, decreasing time spent collecting data and increasing the quality of the final return."
Highlights of ONESOURCE Income Tax - International Data Management are:
-- Enter data into front-end templates in Microsoft Excel format. No need to learn a new application.
-- Store data automatically in an SQL (Structured Query Language) database separate from templates for back-end data integrity. Data available is always the current version.
-- Set security restrictions, limiting or granting access to edit data areas.
-- Change template elements mid-stream without disturbing data integrity.
-- Manage data collection process through workflow automation, document management, calendar management, and e-mail communication.
-- Export easily to ONESOURCE Income Tax or other compliance software to process the return. Export data to spreadsheet tools to calculate or analyze reporting data.
"As U.S. tax departments are being asked to do more with fewer resources, they need an efficient means to manage international data. ONESOURCE Income Tax - International Data Management provides the perfect solution, while supporting accurate returns and reporting," added Mendelsohn.
Additional information can be obtained by visiting www.onesource.thomsonreuters.com/incometax or calling 800-865-5257.
About Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people in more than 100 countries. Thomson Reuters shares are listed on the New York Stock Exchange (NYSE:TRI); Toronto Stock Exchange (TSX: TRI); London Stock Exchange ; and Nasdaq (NASDAQ:TRIN). For more information, go to www.thomsonreuters.com.
The Tax & Accounting business of Thomson Reuters is the leading provider of technology and information solutions, as well as integrated tax compliance software and services to accounting, tax and corporate finance professionals in accounting firms, corporations, law firms and government. Tax & Accounting includes the Corporate Software & Services, Professional Software & Services, and Research & Guidance business groups.
CONTACT: Ruth Ann Baker (U.S.), Public Relations of Thomson Reuters,
+1-972-250-7438, ruth.ann.baker@thomsonreuters.com
Web Site: http://thomsonreuters.com/
