Top Page | English | 简体中文 | 繁體中文 | 한국어
Thursday, 31 January 2013, 22:15 HKT

Source: Thomson Reuters
Industry-first ONESOURCE Operational Transfer Pricing Software Enables Greater Precision, Transparency and Compliance

New York, Jan 31, 2013 - (ACN Newswire) - Thomson Reuters newest corporate tax and accounting product enables multinational companies to more effectively and efficiently manage transfer pricing data, compliance and reporting in real time. Developed in response to global industry challenges, this product collects, validates and standardizes data from multiple ledgers into a centralized system, providing reporting visibility on demand instead of the traditional yearly process. Armed with this technology, corporate tax professionals can identify and communicate areas of risk early in the year. This new solution - the first of its kind in the market - provides an unprecedented level of control, transparency and reporting detail that allows companies to effectively manage, forecast and plan transfer pricing throughout the year.

Elizabeth Blatchford is manager of transfer pricing strategy and analysis at Ford Motor Company, an early adopter of the product. "Our team needed to streamline an extremely labor-intensive transfer pricing process," she explains. "With ONESOURCE Operational Transfer Pricing, reporting that used to take four months can be done in just a week, allowing us to reallocate our resources to more strategic activities."

ONESOURCE Operational Transfer Pricing helps ensure compliance and minimize risk by allowing users to monitor and respond to transfer pricing results before the books close. An automated process reduces margins of error and significantly cuts down on weeks of manual analysis. The solution also enables companies to improve management of reserves and uncertainties associated with transfer pricing risk. Never before has a solution been able to provide this level of detail.

"Our software is the first and only in the industry that allows for this deep level of control and reporting," said Joe Harpaz, managing director of the corporate division within the Tax & Accounting business of Thomson Reuters. "ONESOURCE Operational Transfer Pricing ensures the integrity and consistency of intercompany pricing, putting both companies and governments at ease."

For more information on this revolutionary new solution and other products in the ONESOURCE suite of products, visit . To request a demo of this product, contact, or call +1-212-404-8689.

About Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Reuters employs approximately 60,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges (symbol: TRI). For more information, go to .


Lisa Travnik

Aimee Quemuel

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Thomson Reuters Corporation via Thomson Reuters ONE

Jan 31, 2013
Topic: Press release summary
From the Asia Corporate News Network

Copyright © 2015 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 ACN Search:
Thomson Reuters
Mar 28, 2015
Thomson Reuters First-Quarter 2015 Earnings Announcement and Webcast Scheduled for Wednesday, April 29, 2015
Mar 12, 2015
Thomson Reuters Launches Monthly IPSOS Global Primary Consumer Sentiment Index
Mar 11, 2015
Reuters partners with ITN Source to bring rare and unseen historical video footage back to public view
Feb 24, 2015
Thomson Reuters Org ID Successfully Completes ISAE 3000 Type 1 Audit for Design Suitability of its Internal Controls Tied to Transparency and the Quality of its KYC Managed Services
Feb 24, 2015
Thomson Reuters to Present at the 2015 Deutsche Bank Media, Internet & Telecom Conference
Feb 18, 2015
Thomson Reuters Launches New BoardLink iPhone Application for Directors on the Go
Feb 3, 2015
Thomson Reuters Launches Accelus Regulatory Intelligence for Compliance Professionals
Jan 15, 2015
Thomson Reuters Positioned as a Leader in Gartner's 2014 Magic Quadrant for Operational Risk Management for its Accelus Risk Manager solution
Jan 12, 2015
Amundi Joins Thomson Reuters Accelus Org ID KYC Managed Service
Jan 7, 2015
Thomson Reuters Full-Year and Fourth-Quarter 2014 Earnings Announcement and Webcast Scheduled for Wednesday, February 11, 2015
More news >>
 News Alerts
Copyright © 2015 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 5791 1818

Connect With us: