As companies develop throughout borders and undertake new applied sciences, they face more and more complicated tax compliance calls for. Company tax leaders should handle oblique tax throughout a number of jurisdictions, keep forward of evolving rules, and actively help strategic development initiatives. Moreover, many organizations nonetheless depend on fragmented tax options that hinder operations, enhance threat, and restrict scalability.

Ahead-thinking tax leaders deal with expertise choice as a strategic precedence. Many already depend on Workday Monetary Administration to streamline core monetary operations, enhance visibility, and help enterprise agility. However to completely understand Workday’s potential, they want a tax compliance resolution constructed for the cloud and future-proofed towards regulatory modifications that match its scale and class.

Thomson Reuters ONESOURCE delivers a unified, end-to-end tax compliance platform with licensed integration straight into Workday. As a Workday Platinum Companion, Thomson Reuters ensures ONESOURCE meets the best requirements for efficiency, reliability, and seamless interoperability. This partnership transforms how companies handle tax compliance and helps them maximize the worth of their Workday funding.

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Get rid of fragmentation to speed up development

To understand the worth of ONESOURCE, it helps to first perceive the standard hurdles companies face when utilizing outdated or disconnected tax methods. Legacy platforms, regional options, and siloed software program usually result in fragmented tax operations.

Whereas these instruments could carry out particular duties, they not often combine nicely. Consequently, tax groups are left to navigate inefficiencies similar to:

• Guide information entry and reconciliation
• Inconsistent tax calculations throughout platforms
• Restricted visibility into world compliance obligations
• Elevated audit threat because of poor transparency
• Elevated IT prices to take care of and join disparate methods

As firms develop, these points grow to be much more disruptive. Instruments that when supported regional wants can grow to be a legal responsibility when getting into new markets or forming strategic alliances.

Strengthen Workday with an authorized tax engine

Thomson Reuters ONESOURCE is absolutely licensed by Workday, incomes Platinum Companion standing for its top-tier integration and efficiency. Constructed to work seamlessly inside Workday Monetary Administration, ONESOURCE delivers best-in-class capabilities for oblique tax dedication and e-invoicing compliance—empowering tax and finance groups to work sooner, smarter, and with higher confidence.

With ONESOURCE embedded into Workday, companies can:

• Calculate tax in real-time throughout Workday transactions with out-of-the-box content material for 200+ nations
• Automate compliance with world oblique tax guidelines
• Centralize reporting and enhance audit readiness
• Scale operations throughout areas with versatile, on-cloud structure

Prolong Workday’s worth with end-to-end tax compliance and world e-invoicing

Governments all over the world more and more require real-time bill reporting to enhance transparency and scale back tax evasion. Companies should reply rapidly to keep away from penalties and disruptions. ONESOURCE is the one world supplier that helps the complete end-to-end transactional tax workflow, providing top-tier capabilities from oblique tax dedication and periodic VAT and gross sales and use tax reporting to real-time e-invoicing.

ONESOURCE helps companies meet world e-invoicing necessities by:

• Mechanically validating and submitting invoices to tax authorities
• Making certain real-time compliance with native rules
• Securing information change and sustaining audit-ready documentation
• Seamlessly integrating with monetary methods for environment friendly processing
• Distributing structured e-invoices to greater than 14 million companies by the Pagero enterprise community

These capabilities improve ONESOURCE’s core features in oblique tax dedication and periodic reporting. Collectively, they kind a unified transactional tax compliance course of that covers every thing from tax calculation to bill submission inside the Workday ecosystem.

ONESOURCE helps maximize ROI from Workday

Company tax groups use ONESOURCE to unlock higher worth from their Workday Monetary Administration funding. Collectively, ONESOURCE and Workday ship measurable returns throughout 5 key areas:

1. Speed up implementation and time to worth
   ONESOURCE’s licensed integration with Workday permits quick deployment and easy onboarding. Companies begin realizing ROI sooner by avoiding delays, rework, and dear customized tax configurations. The “Constructed On” app for e-invoicing is designed from the bottom as much as be plug-and-play on Workday.
2. Enhance accuracy and scale back compliance threat
   ONESOURCE repeatedly updates world tax guidelines and charges and stays up-to-date with the most recent e-invoicing rules. This ensures an correct and compliant transactional tax course of inside Workday, serving to companies keep away from penalties, scale back audit publicity, and shield income.
3. Decrease whole value of possession
   By consolidating tax features right into a single platform that works natively with Workday, companies scale back vendor complexity, guide effort, and IT overhead. This drives down each operational prices and long-term upkeep bills.
4. Scale operations with agility
   ONESOURCE helps enlargement into new markets, product strains, and partnership fashions. Its modular design permits companies to develop with out disrupting Workday workflows or investing in further tax infrastructure.
5. Enhance productiveness by cross-team collaboration
   ONESOURCE integrates with Workday to join tax, finance, and IT groups. Shared information and unified workflows enhance decision-making, scale back duplication, and save time throughout departments.

Driving real-world outcomes

Companies throughout industries are already seeing measurable advantages from integrating ONESOURCE with Workday. World producers and fast-growing expertise companies report:

• As much as 90 p.c discount in oblique tax errors
• Greater than 175 hours of IT time saved yearly
• Improved audit readiness by real-time reporting
• 10 billion transactions posted per hour with 99.5% uptime
• Simpler enlargement into new markets with minimal tax friction
• Scalable e-invoicing capabilities that align with world mandates

These outcomes transcend operational enhancements. They signify strategic benefits that assist companies develop with confidence.

Construct a future-ready tax technique

As governments develop digital mandates and tighten oversight, companies want a tax platform that adapts rapidly. ONESOURCE equips tax groups to remain forward, handle compliance, and scale with confidence inside the Workday ecosystem.

Uncover how ONESOURCE and Workday simplify tax compliance, scale back threat, and drive enterprise development.

ONESOURCE Oblique Tax for Workday Financials

Improve Workday Financials with automated VAT, Gross sales & Use Tax, and e-invoicing workflows.

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