Thomson Reuters ONESOURCE Business License Management Software Solution Now Available

Multi-location companies use solution to streamline business license process and reduce compliance issues

The Tax & Accounting business of Thomson Reuters has released ONESOURCE Business License Management Software aimed at making it easier for businesses to comply with complex state and local business licensing requirements without straining resources, while reducing compliance issues. Already used by leading businesses, the software is ideal for companies with many storefronts, which require visible business permits.

The new software leverages Thomson Reuters 12-years of business license management expertise, including providing business license management services for three of the top five U.S. retailers. The software integrates the company’s best practices into an easy-to-use, secure Web-based software application with features including:

* Intuitive workflow to support the application and renewal process
* Ability to record and track progress of the application
* A growing repository of tens of thousands of application forms and rules for state and local licenses
* Document management of licenses, applications and supporting information
* Ability to locate, sort and filter licenses in powerful and easy-to-use spreadsheet-like views
* Record payment requests and extract to accounts payable systems

“In the past, companies doing business in many jurisdictions would manually research and file each business license, then send out those permits to the individual locations,” said Rich Niersbach, vice president of Technology, ONESOURCE Indirect Tax, Thomson Reuters. “With our new ONESOURCE Business License Management software, businesses can now have greater control and visibility into their business license management processes from a central location with greater ease and security. The growing repository of forms and rules, along with an intuitive interface, will result in significantly reduced compliance issues, related penalties, and amount of time and effort spent researching and acquiring the correct licenses and permits.”

In addition, for existing Thomson Reuters customers, the ONESOURCE Business License Management software integrates with the ONESOURCE platform for single-sign-in access to other ONESOURCE compliance solutions.



About Thomson Reuters

Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world’s most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people and operates in over 100 countries. For more information, go to www.thomsonreuters.com.

The Tax & Accounting business of Thomson Reuters is the leading provider of technology and information solutions, as well as integrated tax compliance software and services to accounting, tax and corporate finance professionals in accounting firms, corporations, law firms and government. Headquartered in New York, Tax & Accounting has major operations in Ann Arbor, Dallas, Hyderabad, London, Sydney, and Toronto.