NetSuite named Thomson Reuters the NetSuite 2016 SuiteCloud New Partner of the Year.

The award, announced at the cloud-based financials, ERP and omnichannel commerce provider’s SuiteWorld 2016 user conference, recognizes a NetSuite partner that has helped joint customers grow.

Last year, NetSuite and Thomson Reuters entered a partnership to create an integrated solution connecting the NetSuite cloud ERP with Thomson Reuters’ ONESOURCE Indirect Tax product, which was introduced to market in March 2016. The partnership was designed to help companies simplify the process and reduce the risk of calculating, collecting, reporting and remitting sales, use and value-added taxes. Created for small-to-large-sized businesses, the solution is easy to deploy and manages the sales and use tax process without the need to make manual modifications or tax rate entries.

“We are proud and honored to receive a formal recognition of the strong partnership we have forged with NetSuite,” stated Chris Carlstead, managing director of indirect and property tax at Thomson Reuters.  “This award is indicative of the strong foundation we have built for fruitful, long-term collaboration. We understood from very early on that if we properly leveraged the complementary strengths of the NetSuite and ONESOURCE teams, we could dramatically increase both the agility and efficiency of our joint customers.”

“Our partnership with Thomson Reuters can help companies navigate the complex waters of tax determination, reporting and compliance, especially as their businesses grow and expand across tax jurisdictions,” stated Guido Haarmans, senior vice president of business development for technology partners at NetSuite. “We are excited about joining forces with Thomson Reuters to help provide our customers best-of-breed solutions.”

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