Thomson Reuters ONESOURCE and Oracle The Tax & Accounting Business of Thomson Reuters Stephen McGerty, Head of ONESOURCE Income Tax, Provision and WorkFlow Angie FauntLeRoy, Principal Business Systems Analyst September 30, 2014

AGENDA ONESOURCE OVERVIEW CORPORATE TAX OVERVIEW DIRECT TAX OVERVIEW INDIRECT TAX OVERVIEW

Stephen McGerty Bio Head of ONESOURCE Income Tax, Provision and WorkFlow   Stephen has been performing Tax Technology work since 2001 when he was a founding partner of the company that developed ONESOURCE Tax Provision.  Stephen has over 20 years experience with I.T. consulting and has worked at companies such as IBM, Harvard Pilgrim Healthcare, Bankers Trust and MetLife.  In addition to his experience in tax technology, he has also worked in fields as diverse as supply chain management, 401(k) recordkeeping and video game development. Stephen holds a bachelor’s and a master’s degree in Computer Science from Trinity College Dublin.

Angie FauntLeRoy Bio Principal Business System Analyst Angie FauntLeRoy is a Principal Business Systems Analyst with Thomson Reuters Tax and Accounting responsible for Oracle Integrations. In her role she prepares product requirements and functional designs. She supports the product releases management process and their timely delivery to our clients. Angie is in her sixth year with Thomson Reuters. Prior to Thomson Reuters Angie worked as an Oracle consultant for twelve years at several fortune 500 companies in many industries as an Oracle implementer. She specialized in the distribution and financial applications. Angie started her career in accounting, holding various accounting positions, including Assistant Controller. Angie is a Certified Public Accountant and holds a Bachelor of Arts degree from the University of Northern Iowa. 

ONESOURCE OVERVIEW

GRM ONESOURCE CS PROFESSIONAL SUITE CHECKPOINT News Financial & Risk $14B annual revenue* Over $800M FOC (free operating capital) 56,000 Employees Offices in 100+ countries News Financial & Risk GRM ONESOURCE Intellectual Property & Science This is a simple overview of how our Tax & Accounting business fits into the larger organization of Thomson Reuters. As you can see, Thomson Reuters is comprised of Five major businesses. The Financial & Risk division is primarily our Financial business, which combines the former “Thomson Financial” and “Reuters” businesses. The remaining business units belong to the former “Thomson” business, of which Tax & Accounting is a major focus. CS PROFESSIONAL SUITE Legal CHECKPOINT Tax & Accounting

Thomson Reuters Fast Facts of Fortune 500 companies use Thomson Reuters legal research offerings. professionals use our financial desktops including Eikon. 49/50 top banks choose Thomson Reuters Accelus. people are reached by Thomson Reuters News daily.

Thomson Reuters Fast Facts individuals use IP & Science products. of the Top 100 CPA firms, 94 of the top 100 law firms and 95 of the Fortune 100 use Thomson Reuters Checkpoint. land parcels around the world are managed by local governments using Thomson Reuters Aumentum software. are captured and published by Reuters every year.

Tax & Accounting’s Growing Global Presence 5% 7% 10% 9% This map shows the global presence of our entire Tax & Accounting business. We have localized resources and tax expertise all around the world to help support your specific regional tax needs as well as your company’s expansion into other international markets. We have over 6500 employees located across 20 countries that support the tax and accounting business alone. Our clients really value the fact that Thomson Reuters has knowledgeable local resources that know their country’s tax regulatory requirements as well as being able to leverage implementation and customer support services within reach.

Thomson Reuters Products Oracle Products

ONESOURCE Hosting ONESOURCE applications and data centers are subject to annual, third-party SSAE16 audits The Thomson Reuters Data Center is largely comprised of Oracle servers All upgrades, maintenance, and support are handled by Thomson Reuters, reducing the administrative reliance on our clients internal IT teams

CORPORATE TAX OVERVIEW

The Tax Department – From the I.T. Point of View Tax departments have to comply with a wide array of obligations. Do you know what your tax department does? Direct Tax: Revenue or Profit based Monthly tax expense accrual calculation Annual Tax Returns, by country State Apportionment calculations Financial Statement tax footnotes Indirect Tax: Transaction based (Sales and Use Tax, VAT) VAT / Sales and Use Tax determination VAT / Sales and Use Tax Returns State Exemption tracking

The Tax Department – From the I.T. Point of View (Continued) Tax departments buy or build a jumble of software solutions: Control Risks Authorization policies not enforced No audit trails No long term retention policy Unaware of IT Corporate Standards Technology best practices Open source considerations Security vulnerabilities Business Continuity Risks Backups Redundancy Key person dependencies Long term support of “solutions”

DIRECT TAX OVERVIEW

ONESOURCE Direct Tax: “End-to-End” ERP G/L Tax J/E Tax Deliverables 1120 10-K Tax Footnote MS Access DB ERP G/L ONESOURCE DIRECT TAX ERP G/L Connection (GLM) Tax Automation Tax Workpaper Management Tax Provision Tax Return Generator Tax J/E 1120 10-K Tax Footnote

ONESOURCE WorkFlow Manager Data Providers Sales Property Payroll ERP & Other Sources ERP/GL’s Provision Compliance Estimates Workpapers & Data Collection State Apportionment & State Planning Analytics & Planning Reporting Financial Reporting Income Tax Compliance ONESOURCE WorkFlow Manager Data Management Core Applications FileRoom Feature ONESOURCE Calendar Entity Manager Feature ONESOURCE Audit Manager Trial Balance Data Management *Highlight the bigger picture – what ONESOURCE covers outside of Provision. Highlight “Oracle” and other ERPs.

INDIRECT TAX OVERVIEW

ONESOURCE Indirect Tax Complete end-to-end tax automation from Determination through to Compliance Oracle Gold Partner Collaborative Vendor Support Program member Oracle Validated Integrations Robust Oracle experience Internal integration and services team since Oracle 10 Deep global and enterprise experience: CISCO, Twitter, GE, Agilent, Towers Watson, JDSU

ONESOURCE Indirect Tax:“End-to-End” Determination Reporting Checking Filing Remittance Oracle 12 Global Transactions Manual Tax Policies Liability Data Business Apps X Automated Determination Reporting Checking Filing Remittance Liability Data Global Tax Policy Compliance ONESOURCE INDIRECT TAX Audit Defense Data 2013 2012 2011 Business Apps

Tax Department Independance Fully function Tax Determination Engine IT no longer needs to manage tax in Oracle – Tax department in charge of tax engine Self service tax content updates IT no longer needs to apply updates – Tax Department can apply content updates Self service tax policy and business control IT no longer needs to code logic into the ERP – Tax Department can configure and maintain their specific business logic in Sabrix Self service tax and ad-hoc reporting IT no longer needs to create reports – Tax Department has access to canned tax centric reports as well as an ad-hoc report

Oracle 12 Integration Highlights Developed and maintained by Thomson Reuters since 10.x Most experienced internal Oracle team Quick support and superior integration development Global Experience and Support VAT Invoice Messaging, Extended Tax Codes, Triangulation, etc. Automated EBTAX setup for implementation and beyond Streamline ongoing maintenance and OU setups Most flexible integration to support SUT, VAT, etc. Extra 80 Data Elements – not a single data string Oracle Inventory movement use tax solution

Why Thomson Reuters ONESOURCE? Only end-to-end global tax management solution Global commitment to support our customers Single platform for visibility to all tax activities and data Proven for global tax projects Global expansion & acquisitions Leading tax solution for enterprise applications

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