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Thomson Reuters named a Leader in 2024 IDC MarketScape for Worldwide SaaS and Cloud-enabled Sales and Use Tax Automation Software for Enterprise

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Thomson Reuters (NYSE/TSX: TRI) has been recognized as a Leader in two IDC MarketScape reports for 2024: SaaS and Cloud-Enabled Sales and Use Tax Automation Software for Enterprise, and Value-Added Tax Management Applications. The company's ONESOURCE platform serves over 205 countries and territories, providing comprehensive tax compliance solutions with automated tax return preparation and filing capabilities.

The platform features edge computing for enhanced tax calculations and has recently integrated CoCounsel, a generative AI assistant. Thomson Reuters' subsidiary, Pagero, was also named a Leader in European Compliant e-Invoicing 2024 Vendor Assessment, strengthening the company's position in global tax automation solutions.

Thomson Reuters (NYSE/TSX: TRI) è stata riconosciuta come Leader in due report IDC MarketScape per il 2024: Software per l'automazione delle vendite e delle tassazioni SaaS e Cloud-Enabled per le imprese, e Applicazioni per la gestione dell'Imposta sul Valore Aggiunto. La piattaforma ONESOURCE dell'azienda serve oltre 205 paesi e territori, offrendo soluzioni complete per la conformità fiscale con capacità automatizzate di preparazione e invio delle dichiarazioni fiscali.

La piattaforma è dotata di edge computing per un calcolo fiscale potenziato e ha recentemente integrato CoCounsel, un'assistente AI generativa. La sussidiaria di Thomson Reuters, Pagero, è stata anch'essa riconosciuta come Leader nella valutazione dei fornitori di e-fatturazione conforme in Europa per il 2024, rafforzando così la posizione dell'azienda nelle soluzioni globali per l'automazione fiscale.

Thomson Reuters (NYSE/TSX: TRI) ha sido reconocida como Líder en dos informes de IDC MarketScape para 2024: Software de automatización de impuestos sobre ventas y uso habilitado para SaaS y en la nube para empresas, y Aplicaciones de gestión del Impuesto sobre el Valor Añadido. La plataforma ONESOURCE de la empresa sirve a más de 205 países y territorios, proporcionando soluciones integrales de cumplimiento fiscal con capacidades automatizadas de preparación y presentación de declaraciones fiscales.

La plataforma cuenta con computación en la frontera para cálculos fiscales mejorados y ha integrado recientemente CoCounsel, un asistente de IA generativa. La subsidiaria de Thomson Reuters, Pagero, también fue nombrada Líder en la Evaluación de Proveedores de e-Facturación Cumplidora en Europa 2024, fortaleciendo así la posición de la empresa en las soluciones globales de automatización fiscal.

톰슨 로이터(뉴욕증권거래소/토론토 증권거래소: TRI)는 2024년 IDC 마켓스케이프 보고서에서 두 가지 부문에서 리더로 인정받았습니다: 기업을 위한 SaaS 및 클라우드 기반 판매 및 사용세 자동화 소프트웨어와 부가가치세 관리 응용 프로그램. 이 회사의 ONESOURCE 플랫폼은 205개 이상의 국가와 지역에서 서비스되며, 자동화된 세금 신고 준비 및 제출 기능을 갖춘 종합 세금 준수 솔루션을 제공합니다.

이 플랫폼은 세금 계산을 향상시키기 위해 엣지 컴퓨팅 기능을 갖추고 있으며, 최근에는 생성형 AI 보조 도구인 CoCounsel을 통합했습니다. 톰슨 로이터의 자회사 Pagero 또한 2024년 유럽 준수 전자 청구서 공급업체 평가에서 리더로 선정되어, 회사의 글로벌 세금 자동화 솔루션에서의 입지를 강화하고 있습니다.

Thomson Reuters (NYSE/TSX: TRI) a été reconnue comme Leader dans deux rapports IDC MarketScape pour 2024 : logiciels d'automatisation des ventes et de la taxe sur l'utilisation activés par SaaS et Cloud pour les entreprises, ainsi que les applications de gestion de la taxe sur la valeur ajoutée. La plateforme ONESOURCE de l'entreprise dessert plus de 205 pays et territoires, offrant des solutions complètes de conformité fiscale avec des capacités automatisées de préparation et de dépôt des déclarations fiscales.

La plateforme dispose de l'informatique en périphérie pour des calculs fiscaux améliorés et a récemment intégré CoCounsel, un assistant IA génératif. La filiale de Thomson Reuters, Pagero, a également été nommée Leader dans l'évaluation des fournisseurs d'e-facturation conforme en Europe pour 2024, renforçant la position de l'entreprise dans les solutions d'automatisation fiscale mondiales.

Thomson Reuters (NYSE/TSX: TRI) wurde in zwei IDC MarketScape Berichten für 2024 als Marktführer anerkannt: SaaS- und Cloud-fähige Software zur Automatisierung von Verkaufs- und Verbrauchsteuer für Unternehmen sowie Anwendungen zur Verwaltung der Mehrwertsteuer. Die ONESOURCE Plattform des Unternehmens bedient über 205 Länder und Gebiete und bietet umfassende Lösungen für die steuerliche Compliance mit automatisierten Funktionen zur Vorbereitung und Einreichung von Steuererklärungen.

Die Plattform bietet Edge Computing für verbesserte Steuerberechnungen und hat kürzlich CoCounsel, einen generativen KI-Assistenten, integriert. Die Tochtergesellschaft von Thomson Reuters, Pagero, wurde ebenfalls als Marktführer in der europäischen Bewertung von konformen e-Rechnungsanbietern für 2024 bezeichnet, was die Position des Unternehmens in globalen Lösungen zur Steuerautomatisierung stärkt.

Positive
  • Recognition as Leader in multiple IDC MarketScape reports strengthens market position
  • Extensive global reach serving over 205 countries and territories
  • Integration of generative AI technology (CoCounsel) enhances product capabilities
  • Subsidiary Pagero's leadership position in e-Invoicing adds value to service portfolio
Negative
  • None.

TORONTO, Dec. 6, 2024 /PRNewswire/ -- Thomson Reuters (NYSE/TSX: TRI), a global content and technology company, today announced that it has been positioned as a Leader in two IDC MarketScape reports – IDC MarketScape: Worldwide SaaS and Cloud-Enabled SaaS Sales and Use Tax Automation Software for Enterprise 2024 Vendor Assessment (doc #US52035324, December 2024), and IDC MarketScape: Worldwide Value-Added Tax Management Applications 2024 Vendor Assessment (doc #US52732824, December 2024).

"In today's rapidly evolving global marketplace, tax compliance has become increasingly complex for multinational corporations. At Thomson Reuters, we're committed to empowering our customers with cutting-edge technology that not only ensures compliance but also enhances their competitive edge," said Ray Grove, head of Corporate Tax and Trade at Thomson Reuters.

"We believe our recognition as a Leader in both the enterprise SUT and VAT markets in this IDC MarketScape underscores our unwavering dedication to our customers' success. Through our trusted ONESOURCE solutions, serving over 205 countries and territories, we continue to push the boundaries of innovation. Our vision is to create a seamlessly connected suite of global indirect tax calculation, reporting, and e-invoicing capabilities, providing best-in-class technology to enable our customers to navigate the complexities of tax compliance with confidence and agility."

"Businesses of all sizes are grappling with an increasingly complex tax landscape, and they are turning to technology vendors for sophisticated tax automation solutions that seamlessly integrate, ensure compliance, and boost operational efficiency," said Kevin Permenter, research manager at IDC. "Thomson Reuters has consistently demonstrated its commitment to innovation and customer success in the SaaS and cloud-enabled Value-Added Tax automation software market. Their ONESOURCE platform stands out for its comprehensive global coverage, robust integration capabilities, and advanced features powered by edge computing and AI. They are positioned well to address the evolving needs of businesses facing intricate tax compliance challenges across multiple jurisdictions."

Pagero, part of Thomson Reuters, was also recently named a Leader in the IDC MarketScape: European Compliant e-Invoicing 2024 Vendor Assessment (doc #EUR151806424, September 2024). As a key part of Thomson Reuters e-invoicing offering, ONESOURCE Pagero supports businesses to accelerate growth with trusted, automated e-invoicing software that streamlines global compliance processes to unlock valuable business insights.

Thomson Reuters ONESOURCE offers comprehensive tax compliance solutions, including automated tax return preparation and filing for Sales and Use Tax and VAT. It integrates with major ERPs and provides tax determination and calculation for all transactions. ONESOURCE also features edge computing for faster, more controlled tax calculations. Recently, Thomson Reuters launched ONESOURCE with CoCounsel globally, integrating generative AI assistance. This enhanced solution combines a new AI Product Support skill with CoCounsel, Thomson Reuters professional-grade generative AI assistant that provides instant, natural-language answers drawn from Thomson Reuters trusted, proprietary content.

About IDC MarketScape

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of technology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers.

Thomson Reuters

Thomson Reuters (NYSE / TSX: TRI) ("TR") informs the way forward by bringing together the trusted content and technology that people and organizations need to make the right decisions. The company serves professionals across legal, tax, accounting, compliance, government, and media. Its products combine highly specialized software and insights to empower professionals with the data, intelligence, and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth, and transparency. Reuters, part of Thomson Reuters, is a world leading provider of trusted journalism and news. For more information, visit tr.com.

Media contact 
Kirsty Bennett  
Director, Customer and Product PR  
kirsty.bennett@thomsonreuters.com

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SOURCE Thomson Reuters

FAQ

What IDC MarketScape recognitions did Thomson Reuters (TRI) receive in 2024?

Thomson Reuters was named a Leader in two IDC MarketScape reports: Worldwide SaaS and Cloud-Enabled Sales and Use Tax Automation Software for Enterprise, and Worldwide Value-Added Tax Management Applications for 2024.

How many countries does Thomson Reuters (TRI) ONESOURCE platform serve?

Thomson Reuters ONESOURCE platform serves over 205 countries and territories.

What new AI technology has Thomson Reuters (TRI) integrated into ONESOURCE?

Thomson Reuters has integrated CoCounsel, a professional-grade generative AI assistant, into ONESOURCE globally, providing instant, natural-language answers from Thomson Reuters proprietary content.

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