Thomson Reuters ONESOURCE Determination is a tax calculation engine for the United States and Canada that determines and stores Sales and Use Taxes, VAT, Superfund Excise Taxes (sale/use of chemicals or hazardous substances in real time with volumetric-based calculations), and GST on all business sales and purchases, and seamlessly integrates with Sage Intacct enabling you to increase accuracy of tax calculation reducing the risk of triggering an audit, manage exemption certificates, prepare returns, and much more for the United States & Canada all in one product.

Built on cloud-native technology, ONESOURCE Determination automates new tax rates and rules with no downtime updates, automates manual, repetitive work from your sales processes allowing you more time to focus on strategic initiatives.

Key Benefits:

ONESOURCE Determination Benefits:

• Seamless pre-built integration with Sage Intacct to support end-to-end tax determination & compliance.
• Central repository for global tax rates and rules covering 205 countries and territories in 56k jurisdictions across the globe (integration specific to US & Canada).
• Native cloud capabilities that automate new tax rate and rules with no down-time updates; achieve up to 95% reduction in coding requirements due to tax changes.
• Easily apply your tax policy consistently across your business & collaborate across regions with our cloud-native solution.
• Reduces time for manual and redundant indirect tax and compliance processes by 50%.
• Substantial reduction in manual effort and errors with a sharp increase in efficiency amounting to Indirect tax automation of 90 to 95%.
• Trusted reporting you need to reduce risk & ensure that your sales tax calculations are accurate.

• Manufacturing
• Technology
• Oil & Gas - We launched the first-to-market superfund excise tax that calculates and records indirect, excise, and environmental taxes with our global tax determination software.  ONESOURCE Determination - O&G Landing Page , ONESOURCE Determination O&G Brochure PDF
•  Financial Services
• Retail/Wholesale
•  Services
•  Pharmaceuticals/Medical Device
•  Mining
•  Utilities
•  Food & Beverage

System Requirements:
Sage Intacct Web Services; Sage Intacct Platform Services

Price:
Annual company subscription

Integration Approved Countries:
Canada; United States;