Resolute Forest Products Selects Thomson Reuters to Consolidate its Canadian and US Sales and Use Tax Determination
Extensive SAP expertise, use tax determination experience, access to latest tax data and trusted technology platform among key reasons company chooses ONESOURCE Indirect Tax
The Tax & Accounting business of Thomson Reuters announced today that Resolute Forest Products (http://www.resolutefp.com), has selected ONESOURCE Indirect Tax Determination to be the platform for its Canadian transaction taxes, and sales and use tax determination, calculation, and recording operations.
Resolute is a global leader in the forest products industry with a diverse range of products, including newsprint, commercial printing papers, market pulp and wood products. It decided to leverage the ONESOURCE Indirect Tax platform with Goods Movement and Tax Certificate Management integrated with SAP to create an end-to-end indirect tax operation.
“We expect to simplify our sales and use tax process with confidence by using ONESOURCE, a trusted tax platform used by Global Fortune 500 companies to manage the entire indirect tax lifecycle,” said Lenny Di Palma, Vice President of Tax, for Resolute Forest Products. “After an extensive evaluation of the market, Thomson Reuters’ ability to rapidly deploy its industry-proven tax platform, coupled with the company’s deep SAP expertise and access to the latest tax data were among the key reasons we decided to go with them.”
“When companies consolidate their sales and use tax operations, they can achieve greater efficiency,” said Gary Allen, Vice President of Software Technology, ONESOURCE Indirect Tax. “Thomson Reuters already works with a growing roster of companies in the forest products industry to achieve their transaction tax objectives, so Resolute Forest Products will benefit from this sector-specific expertise.”
Anticipated benefits using ONESOURCE Indirect Tax include:
• Ability to automatically handle robust customer and product taxability rules
• Access to reliable and relevant tax data
• Seamless integration with finance systems and existing SAP ERP platform
• Rapid deployment of trusted tax platform used by leading global companies
For more information on the significant features and benefits in the latest release of ONESOURCE Indirect Tax, go to: http://onesourceindirecttax.com.
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 and risk, legal, tax and accounting, intellectual property 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 approximately 60,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges (symbol: TRI). For more information, go to http://www.thomsonreuters.com
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