Thomson Reuters has released the 2.1 version of its ONESOURCE Indirect Tax Certificate Manager, which optimizes the tax certificate management process.
New features of the solution include support of dropship certificates, which allows users to define and customize the supported dropship states to meet their specified needs; increased reporting efficiency as a result of faster data retrieval for reports – the enhancement is meant to provide customers with better performance and more accurate reporting results; determination integration, designed to ensure that read zones and authorities content is always current and aligned, the aim of which is to eliminate the need for monthly administrative maintenance by customers; and additional platform support capabilities meant to help the solution to stay current with software platforms, which now include Tomcat 8, Java 8, Linux 7.1 and JBOSS 6.4.
ONESOURCE Indirect Tax Certificate Manager is available for deployment on-premise or in the cloud, and manages the tracking, validation, and governing of tax exemption certificates.
“Because customer exemptions are a frequent target of sales tax audits, managing tax exemption certificates accurately is vital to avoiding penalties,” said Chris Carlstead, managing director, indirect and property tax, for the tax and accounting business of Thomson Reuters. “ONESOURCE Indirect Tax Certificate Manager 2.1 improves efficiency in all aspects of the exemption certificate process by reducing operating costs, mitigating risk and increasing accuracy.”
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