1. 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

2. AGENDA
ONESOURCE OVERVIEW CORPORATE TAX OVERVIEW DIRECT TAX OVERVIEW INDIRECT TAX OVERVIEW

3. 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.

4. 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. 

5. ONESOURCE OVERVIEW

6. 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

7. 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.

8. Thomson Reuters Fast Facts
individuals use IP & Science products.
of the Top 100 CPA firms, 94 of the top 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.

9. Tax & Accounting’s Growing Global Presence5% 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 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.

10. Thomson Reuters Products
Oracle Products

11. 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

12. CORPORATE TAX OVERVIEW

13. 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

14. 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”

15. DIRECT TAX OVERVIEW

16. 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

17. 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.

18. INDIRECT TAX OVERVIEW

19. 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

20. 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

21. 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

22. 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

23. 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

24. Visit us at our booth: Moscone West #3553