TrustRadius: an HG Insights company

Thomson Reuters ONESOURCE

Score7.3 out of 10

30 Reviews and Ratings

Top Performing Features

+8%

Tax Data Reporting

Ability to export transaction data for tax filing.

Cat avg: 8.3

+3%

Cross-border Taxes

Software is capable of calculating and filing taxes, such as customs, across countries.

Cat avg: 7.8

+11%

VAT / GST Taxes

Ability to calculate and manage VAT and GST taxes.

Cat avg: 7.2

-10%

Sales and Use Taxes

Software is capable of calculating and filing sales and use taxes.

Cat avg: 8.8

Worst Performing Features

-7%

Complex Tax Scenario Management

Ability to automate handling of tax holidays and other anomalies.

Cat avg: 7.5

-19%

Compliance Administration Management

Ability to facilitate tax preparation, filing, and tax remittances across local, state, and federal jurisdictions.

Cat avg: 8.6

-9%

Energy and Fuel Taxes

Ability to calculate and manage energy and/or fuel taxes.

Cat avg: 7.7

Thomson Reuters ONESOURCE Features from Reviews

Type of tax

A list of the different types of taxes that can be filed using tax compliance software.

7.7+1%
  • Sales and Use Taxes

    Software is capable of calculating and filing sales and use taxes.

    Category average: 8.8

  • Cross-border Taxes

    Software is capable of calculating and filing taxes, such as customs, across countries.

    Category average: 7.8

  • VAT / GST Taxes

    Ability to calculate and manage VAT and GST taxes.

    Category average: 7.2

  • Energy and Fuel Taxes

    Ability to calculate and manage energy and/or fuel taxes.

    Category average: 7.7

Tax Reporting & Compliance

Activities relating to tax filing, reporting, document management, and exemption certificate processing.

7.8-3%
  • Geolocation for Tax Assessment

    Ability to use geolocation, which is more precise than zip codes, for mapping taxes to specific jurisdictions.

    Category average: 9

  • 3rd-Party Software Integrations

    Pre-built integrations with various systems such as ERP, ecommerce, CRM, invoicing and billing, accounting, and procurement applications.

    Category average: 7.4

  • Tax Data Reporting

    Ability to export transaction data for tax filing.

    Category average: 8.3

  • Compliance Administration Management

    Ability to facilitate tax preparation, filing, and tax remittances across local, state, and federal jurisdictions.

    Category average: 8.6

  • Tax Exemption Processing

    Ability to generate, track, exemption certificates from sales invoices.

    Category average: 8.1

  • Tax Document Management

    Collection and storage of tax documents, especially exemption certificates, and ability to retrieve them to use for tax audits.

    Category average: 8

  • Complex Tax Scenario Management

    Ability to automate handling of tax holidays and other anomalies.

    Category average: 7.5