Thomson Reuters has released ONESOURCE Global Tax for SAP Ariba, an offering aimed at helping companies using the SAP subsidiary’s financial management systems calculate and comply with global tax regulations.

ONESOURCE Global Tax was developed by Thomson Reuters using SAP Ariba’s API platform. The product is an automated software that updates country-specific taxation rules as they change, and is available to customers using SAP Ariba Buying and SAP Ariba Invoice Management solutions for an extra cost.

“Our global customer base has complex transaction tax requirements, and leveraging Thomson Reuters’ expertise in this area alongside our open platform, they can provide a powerful, yet easy-to-use solution that meets our customers’ needs,” said Dinesh Shahane, chief technology officer of SAP Ariba, in a statement.

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