Thomson Reuters today announced the integration of its ONESOURCE™ Indirect Tax solution with hybris, an SAP company and the world’s fastest growing commerce platform
The new integration allows hybris B2B and B2C users to utilize the same trusted ONESOURCE Indirect Tax platform already used by thousands of domestic and multinational corporations to determine global sales and use tax and VAT. This offering builds on Thomson Reuters 15 years of experience in indirect tax technology, including several integrations with other SAP offerings.
The ONESOURCE Indirect Tax engine technology automatically provides estimates as items are placed into the hybris order. Detailed tax calculations are provided at the time of checkout, and users can keep track of tax liabilities for downstream compliance. The Thomson Reuters cloud offering is designed for quick implementation, and is powerful enough to match the needs of any growing business, with over 15 thousand tax jurisdictions supported.
“hybris is pleased to feature this new integration in our hybris Extend marketplace of leading ISV extensions. This integration will accelerate implementation of Thomson Reuters’ tax solution for our numerous customers on the hybris Commerce Suite,” said Andre Dogan, director, Global ISV Alliances, hybris.
“Each year, ONESOURCE technology is trusted to manage transaction taxes for over $1.7 trillion in combined corporate global revenue,” said Chris Carlstead, managing director of ONESOURCE indirect and property tax at Thomson Reuters. “We are thrilled to make our patented tax determination engine technology accessible to a recognized leader in e-commerce. This integration ensures that businesses of all sizes can utilize the same powerful platform developed to solve the most complex tax challenges in the world.”
Thomson Reuters ONESOURCE offers both localized and global solutions for every step of the corporate tax lifecycle. The trusted ONESOURCE Indirect Tax platform has more global deployments than any other solution in the market to help companies efficiently achieve accurate sales, use and VAT compliance.