NEW YORK, April 26, 2018 /PRNewswire/ -- Thomson Reuters ONESOURCE Global Tax for SAP Ariba Solutions has achieved SAP certification as integrated with cloud solutions from SAP. The ONESOURCE solution, launched in 2017, helps companies using SAP Ariba cloud services to seamlessly calculate and comply with taxes associated with global procurement business transactions. Thomson Reuters ONESOURCE is an industry-leading global corporate tax technology platform that enables tax compliance and reporting in over 180 countries.
"This certification builds on the extensive work between Thomson Reuters and SAP Ariba to deliver value by simplifying tax for our joint customers," said Joe Harpaz, managing director for the Corporate segment of the Tax & Accounting business of Thomson Reuters.
SAP Integration Certification is valid worldwide and verifies the Thomson Reuters solution integrates seamlessly into the SAP Ariba environment. Testing is based on SAP-endorsed integration technologies, and stable interfaces that are pre-tested by SAP offer faster implementations for SAP customers.
"We're proud of the collaboration we've enjoyed with the Thomson Reuters team since the launch of ONESOURCE Global Tax for SAP Ariba Solutions in April 2017," said Barry Padgett, president, SAP Ariba. "By earning this certification, Thomson Reuters continues to demonstrate its commitment to our customers' success."
With the launch of ONESOURCE Global Tax for SAP Ariba Solutions in 2017, Thomson Reuters became the first provider verified by SAP to offer a tax calculation solution that could be connected to SAP Ariba solutions.
The longstanding relationship between Thomson Reuters and SAP includes the existing ONESOURCE Global Next Tax integration for US and Canada sales and use tax calculation in SAP ERP and SAP S/4 HANA and a SAP Pinnacle Award.
Developed by Thomson Reuters and leveraging SAP Ariba's API platform, the certified solution enables SAP Ariba customers using SAP Ariba Buying and SAP Ariba Invoice Management solutions to interface with ONESOURCE, and seamlessly and in real-time access dynamic, reliable, global tax content for transactions on the SAP Ariba platform. ONESOURCE Global Tax for SAP Ariba Solutions enables businesses to save time and resources that would otherwise be spent on more error-prone manual processes and put companies at greater regulatory and penalty risk.
To learn more about the certified offering, visit https://tax.thomsonreuters.com/onesource/indirect-tax/erp-integration/sap-integration-ariba/.
Thomson Reuters is the world's leading source of news and information for professional markets. Our customers rely on us to deliver the intelligence, technology and expertise they need to find trusted answers. The business has operated in more than 100 countries for more than 100 years. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, visit www.thomsonreuters.com.
About SAP Ariba
SAP Ariba is how companies connect to get business done. On the Ariba Network, buyers and suppliers from more than 2.5 million companies and 190 countries discover new opportunities, collaborate on transactions and grow their relationships. Buyers can manage the entire purchasing process, while controlling spending, finding new sources of savings and building a healthy supply chain. And suppliers can connect with profitable customers and efficiently scale existing relationships – simplifying sales cycles and improving cash control along the way. The result is a dynamic, digital marketplace, where more than $1 trillion in commerce gets done every year.
To learn more about SAP Ariba, visit www.ariba.com
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SOURCE Thomson Reuters