Indirect Tax Integration for KEY FEATURES AND BENEFITS

Oracle ERP Cloud Minimizes risk

• Shorter implementation time and less
risk with Oracle-validated integration
For most companies using Oracle ERP Cloud, enormous volumes of • Backed by in-house Oracle expertise
commercial transactions are a daily occurrence — and selling and buying and support of Thomson Reuters
a wide variety of goods and services around the world means you need
precise and intelligent tax determination for each transaction. Whether • Accurate tax automation helps you
you’re researching tax rates and product rules, or manually updating avoid costly tax penalties
Oracle Fusion Tax (the tax component of Oracle ERP Cloud), it’s not • Recording and reporting of tax
uncommon to find human errors and system limitations leading to accounting information ensures better
inefficiencies and tax penalties. compliance
With pressure to drive down costs, improve operations and continue to Improves accuracy
expand, companies like yours are looking for an intelligent sales, use, and
• Powered by Thomson Reuters
value-added tax solution to improve efficiencies, remove risk, and position
SSAE 18 and ISAE 3402
themselves for future success.
certified compliant global tax research
ROBUST INTEGRATION • Patented tax determination engine
supports any tax or business complexity
For more than a decade, Thomson Reuters ONESOURCE Determination
has integrated with different Oracle applications including Oracle 11i, EBS • Data-rich integration supports custom
R12, and Oracle ERP Cloud. fields for the highest level of accuracy
The ONESOURCE Integration for Oracle Fusion Tax connects the tax • Improves accuracy
intelligence of ONESOURCE to Oracle ERP Cloud. ONESOURCE analyzes • Sub-second tax calculations with a
and calculates sales, use, and value-added tax on Oracle transactions patented global tax determination
to ensure that you get tax right the first time. When a business process engine
requires tax, calls are routed to ONESOURCE via the integration to obtain
• Automatic updates of legal changes to
accurate sales, use and value-added tax results — and audit,
tax rates and rules in ONESOURCE
when applicable.
• Faster deployment, including
Validated by Oracle, the ONESOURCE Integration for Oracle Fusion Tax
experienced in-house Oracle
is the proven solution for your sales, use and value-added tax complexity,
implementation practice with a
providing you with the trusted answers you need to succeed.
mature and vetted implementation
methodology
• Simplified Oracle Fusion Tax
configuration setup with rapid
implementation templates
 SOLUTION OVERVIEW
The ONESOURCE Integration for Oracle Fusion Tax revolutionizes indirect tax determination for companies by offering
real-time tax calculations for each transaction.

Flexible support for AR & AP More strategic, less errors

ONESOURCE supports tax calculations on Oracle’s The tax decision process is automated, removing AR
accounts receivable (AR), accounts payable (AP), and AP manual decisions and enabling your finance
Supplier Portal, and OCR AP Invoice Scanning, as team to save time and focus on more strategic tasks.
well as batch imports through AR AutoInvoice and AP
Invoice Import. Decreases DSO and invoice-to-pay turnaround time
Customer tax issues and reconciliation errors are
Responsive determination via custom fields dramatically reduced, helping with your Days Sales
Custom fields allow for unique industry, customer, or Outstanding (DSO) and invoice-to-pay turnaround time.
country scenarios to be set up for tax calculations, and
you can also configure without coding for your complex Reduces tax penalties
tax processes. Reliable and accurate tax calculations help customers
avoid tax penalties.
Executes complex tax processes
You can evaluate and determine conditional approaches Reliable compliance and audit support
for even the most complex taxing rules. Tax calculation results are saved in ONESOURCE
Determination and can be used for compliance and
Faster deployment and rollout audit reporting purposes.
Standard deployment templates streamline and
accelerate the import of relevant tax setups required for Global reach
the integration. You’ll benefit from tax calculation support for sales, use
and value-added taxes.
Dynamic tax content for all organizations
You can gain seamless access to industry-leading global
tax content.

Automatic updates PREREQUISITES

There are automatic updates to tax rates and rules
directly in ONESOURCE Determination, eliminating the
Oracle application Version
need to maintain them in Oracle Fusion Tax.

Oracle ERP Cloud Release 11 or higher

INTEGRATION AT A GLANCE
INTEGRATION

ORACLE Real-time ONESOURCE

ERP Cloud Tax Calculation

For more information

tax.tr.com/oracleerpcloud

TA602689-IDT_OracleFusionIntegration_SL AA 7/26 | DGM 8/1/2018