Tax & Accounting Adds New Entity Manager to OneSource Tax Platform
Corporate Tax Departments Now Have the Solution to Manage their Entity Data World-wide
The Tax & Accounting business of Thomson Reuters, formerly Thomson Tax & Accounting, has launched a new entity management application — OneSource™ Entity Manager — as part of the OneSource Tax platform.
The OneSource Tax platform, which includes OneSource WorkFlow Manager, OneSource Calendar, and the OneSource Tax desktop dashboard for corporate tax departments, now offers a centralized, efficient solution for managing global entity data.
“Corporate tax executives know the struggle of tax planning and processing for their divisions, branches, and partnerships, especially if operations are global,” said Michael Knighton, vice president of Corporate Workflow Tools at Tax & Accounting. “OneSource Entity Manager provides an organized, customizable solution to track key entity data such as owners, contacts, geographic locations, inter-company transactions, tax identification numbers, and DBA (Doing Business As) names; which helps support their tax decisions and increases visibility of information for Sarbanes-Oxley Act compliance.”
The new OneSource Entity Manager easily imports and exports data, allows customizable data fields, delivers centralized 24/7 access from the OneSource Web-based platform, provides security settings for users, and stores files and software in a secure data center. All of which, Knighton added, will help decrease the time and effort corporate tax professionals spend managing multiple entities.
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