AUSTIN, Texas, July 20, 2021 /PRNewswire/ -- Oracle today
announced that Thomson Reuters, a leading provider of business
information services, turned to Oracle Cloud Infrastructure (OCI)
as part of its multi-cloud strategy to make its indirect tax
software available to customers worldwide. In addition, Thomson
Reuters will build out the application on Oracle Autonomous
Database to help simplify processes and elevate performance with a
cloud-first solution.
Thomson Reuters ONESOURCE enterprise cloud solutions provide
small businesses to multinational organizations with a single,
unified tax and trade engine that automates the ever-evolving
tax landscape. ONESOURCE Indirect Tax Determination, powered by
Oracle Cloud Infrastructure, continues to expand upon
Thomson Reuters cloud-based offerings to help customers around the
globe tackle the simplest to the most complex transactional
tax calculations. OCI's built-in security, high availability,
and superior price-performance will help customers around the world
automate their transactions without having to worry about capacity
constraints. Using the recently announced Oracle Cloud Lift
Services program, Thomson Reuters worked closely with Oracle Cloud
engineers who provided hands-on expertise, technical tools and
cloud engineering resources, at no additional cost, to speed the
development of the cloud-native tax application.
"We are excited to bring our cloud offering for ONESOURCE
Indirect Tax Determination to the Oracle Cloud Infrastructure and
begin a robust collaboration with Oracle," says Sunil Pandita, president of Corporates, Thomson
Reuters. "Our customers will continue to receive unmatched data
accuracy in more than 56,000 global taxing jurisdictions, along
with the cloud security imperative to any technology solution.
We're happy to run our next generation indirect tax application
natively on OCI and open up our indirect tax determination engine
to Oracle customers worldwide."
"A leader for many decades, Thomson Reuters is among the many
companies adopting Oracle Cloud Infrastructure for its
price-performance advantages, security, global footprint and
dedicated cloud engineering services," said Mark Hura, executive vice president, North
America Cloud and Technology, Oracle. "We're excited to work with
Thomson Reuters as it joins the Oracle Cloud Marketplace where our
enterprise customers can easily access its global indirect tax
solutions."
Oracle and Thomson Reuters will jointly market and co-sell
ONESOURCE and other cloud-native solutions in an alliance designed
to expand Thomson Reuters' existing global footprint. Oracle's 30
Cloud Regions worldwide offer close proximity for each Thomson
Reuters location and help address data sovereignty requirements,
helping to ensure customers know exactly where their data is being
processed. Thomson Reuters is a member of the Oracle PartnerNetwork
(OPN), and Thomson Reuters solutions are available in the Oracle
Cloud Marketplace, where customers can search for available
applications and services to find the best business solutions for
their organization.
Oracle Autonomous Database helps address virtually all the
complexities of operating a cloud database, including securing data
and developing data-driven applications. It automates provisioning,
configuring, securing, tuning, scaling, patching, backing up, and
repairing the cloud database. Unlike other fully managed cloud data
warehouse solutions that only patch and update their service, it
features elastic, automated scaling, performance tuning, security,
and a broad set of built-in converged database capabilities that
enable queries and data changes across multiple data types and
workload types, machine learning analysis, automated data loading,
and data visualizations.
About Oracle
Oracle offers integrated suites of
applications plus secure, autonomous infrastructure in the Oracle
Cloud. For more information about Oracle (NYSE: ORCL), please visit
us at oracle.com.
Additional Resources
- Learn more about Oracle Cloud Infrastructure
- Visit the Oracle Cloud Marketplace
- Learn more about the Oracle PartnerNetwork (OPN)
- Learn more about Thomson Reuters ONESOURCE Indirect Tax
Trademarks
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trademarks of Oracle Corporation.
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SOURCE Oracle