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Thomson Reuters ONESOURCE and Oracle

The Tax & Accounting Business of Thomson Reuters


Stephen McGerty, Head of ONESOURCE Income Tax, Provision and WorkFlow
Angie FauntLeRoy, Principal Business Systems Analyst
September 30, 2014

AGENDA
ONESOURCE OVERVIEW
CORPORATE TAX OVERVIEW
DIRECT TAX OVERVIEW
INDIRECT TAX OVERVIEW

Stephen McGerty Bio


Head of ONESOURCE Income Tax, Provision and WorkFlow

Stephen has been performing Tax Technology work since 2001


when he was a founding partner of the company that developed
ONESOURCE Tax Provision.
Stephen has over 20 years experience with I.T. consulting and has
worked at companies such as IBM, Harvard Pilgrim Healthcare,
Bankers Trust and MetLife.
In addition to his experience in tax technology, he has also worked
in fields as diverse as supply chain management, 401(k)
recordkeeping and video game development. Stephen holds a
bachelors and a masters degree in Computer Science from Trinity
College Dublin.

Angie FauntLeRoy Bio


Principal Business System Analyst

Angie FauntLeRoy is a Principal Business Systems Analyst with


Thomson Reuters Tax and Accounting responsible for Oracle
Integrations. In her role she prepares product requirements and
functional designs. She supports the product releases management
process and their timely delivery to our clients. Angie is in her sixth
year with Thomson Reuters.
Prior to Thomson Reuters Angie worked as an Oracle consultant for
twelve years at several fortune 500 companies in many industries
as an Oracle implementer. She specialized in the distribution and
financial applications. Angie started her career in accounting,
holding various accounting positions, including Assistant Controller.
Angie is a Certified Public Accountant and holds a Bachelor of Arts
degree from the University of Northern Iowa.

ONESOURCE OVERVIEW

$14B annual revenue*


Over $800M FOC (free operating capital)
56,000 Employees
Offices in 100+ countries

News
Financial & Risk
Intellectual Property & Science
Legal
Tax & Accounting

Thomson Reuters Fast Facts

of Fortune 500 companies


use Thomson Reuters legal
research offerings.
professionals use our financial
desktops including Eikon.

people are reached by


Thomson Reuters News daily.

49/50 top banks choose


Thomson Reuters Accelus.

Thomson Reuters Fast Facts

individuals use IP &


Science products.

are captured and published


by Reuters every year.

of the Top 100 CPA firms, 94 of the top 100


law firms and 95 of the Fortune 100 use
Thomson Reuters Checkpoint.

land parcels around the world are managed


by local governments using Thomson
Reuters Aumentum software.

Tax & Accountings Growing Global Presence

5%

7%
10%
9%

Thomson
Reuters
Products

Oracle
Products

ONESOURCE Hosting
ONESOURCE applications and data centers are subject to annual,
third-party SSAE16 audits
The Thomson Reuters Data Center is largely comprised of Oracle servers
All upgrades, maintenance, and support are handled by Thomson Reuters,
reducing the administrative reliance on our clients internal IT teams

CORPORATE TAX OVERVIEW

The Tax Department From the I.T. Point of View


Tax departments have to comply with a wide array of obligations.

Do you know what your tax department does?


Direct Tax: Revenue or Profit based
Monthly tax expense accrual calculation
Annual Tax Returns, by country
State Apportionment calculations
Financial Statement tax footnotes

Indirect Tax: Transaction based (Sales and Use Tax, VAT)


VAT / Sales and Use Tax determination
VAT / Sales and Use Tax Returns
State Exemption tracking

The Tax Department From the I.T. Point of View


(Continued)

Tax departments buy or build a jumble of software solutions:


Control Risks
Authorization policies not enforced
No audit trails
No long term retention policy

Unaware of IT Corporate Standards


Technology best practices
Open source considerations
Security vulnerabilities

Business Continuity Risks


Backups
Redundancy
Key person dependencies
Long term support of solutions

DIRECT TAX OVERVIEW

ONESOURCE Direct Tax: End-to-End


Tax Deliverables

Tax J/E

ERP
G/L

1120

MS Access DB

10-K Tax
Footnote

Tax J/E
ONESOURCE DIRECT TAX

ERP
G/L

Tax
Automation

Tax
Provision

ERP G/L
Connection
(GLM)

1120

Tax
Workpaper
Management

Tax Return
Generator
10-K Tax
Footnote

Data
Management

ERP/GLs

Analytics &
Planning

Financial
Reporting

Trial Balance
Data
Management
Provision
Compliance
Estimates

Data Providers

Workpapers &
Data Collection
Income Tax
Compliance

ERP & Other


Sources
Sales
Property
Payroll

State
Apportionment &
State Planning

ONESOURCE WorkFlow Manager

Reporting

Core Applications

FileRoom
Feature

ONESOURCE
Calendar

Entity
Manager Feature

ONESOURCE
Audit
Manager

INDIRECT TAX OVERVIEW

ONESOURCE Indirect Tax


Complete end-to-end tax automation from Determination through
to Compliance
Oracle Gold Partner
Collaborative Vendor Support Program member
Oracle Validated Integrations
Robust Oracle experience
Internal integration and services team since Oracle 10
Deep global and enterprise experience:
CISCO, Twitter, GE, Agilent, Towers Watson, JDSU

ONESOURCE Indirect Tax:End-to-End


Business Apps

X
Manual
Tax Policies

Oracle 12 Global
Transactions

Manual
Tax Policies

Determination

Liability
Data

X
Reporting

X
Checking

ONESOURCE INDIRECT TAX


Determination

Filing

Remittance

Compliance

Business Apps

Automated
Determination

Global
Tax Policy

Liability
Data

Reporting
2013
2012
2011

Audit Defense Data

Checking

Filing

Remittance

Tax Department Independance


Fully function Tax Determination Engine

IT no longer needs to manage tax in Oracle Tax department in charge of tax engine

Self service tax content updates

IT no longer needs to apply updates Tax Department can apply content updates

Self service tax policy and business control

IT no longer needs to code logic into the ERP Tax Department can configure and
maintain their specific business logic in Sabrix

Self service tax and ad-hoc reporting

IT no longer needs to create reports Tax Department has access to canned


tax centric reports as well as an ad-hoc report

Oracle 12 Integration Highlights


Developed and maintained by Thomson Reuters since 10.x

Most experienced internal Oracle team

Quick support and superior integration development

Global Experience and Support

VAT Invoice Messaging, Extended Tax Codes, Triangulation, etc .

Automated EBTAX setup for implementation and beyond

Streamline ongoing maintenance and OU setups

Most flexible integration to support SUT, VAT, etc.


Extra 80 Data Elements not a single data string

Oracle Inventory movement use tax solution

Why Thomson Reuters ONESOURCE?

Only end-to-end global tax


management solution

Proven for global tax projects

Single platform for visibility


to all tax activities and data

Global expansion & acquisitions

Global commitment to
support our customers

Leading tax solution for


enterprise applications

Visit us at our booth: Moscone West #3553