ONESOURCE

DataFlow Tax data management software

A SMARTER DATA MANAGEMENT PLATFORM

Collect, utilise and report your tax data

A world-class tax organisation requires an automated tax data management solution. In this era of increased efficiency, you don’t have to spend time pulling data from one source to place it in another. Your tax data flows to all the applications in ONESOURCE without the complications involved in manual input. The result is more accurate data and more time to focus on other aspects of your business.

A tax data management platform for improved, organisation and optimisation

Most tax departments spend 80% of their time collecting and manually inputting data and 20% reviewing it. ONESOURCE DataFlow can flip those proportions and transform how you gather, use, store, and reuse data across your tax processes — increasing data management efficiency and enabling you to focus on what you do best, tax.

From workpapers to your tax packages to 199 calculation and information requests, ONESOURCE DataFlow helps standardise, organise, and optimise your data at every step.

Automate and standardise tax workpapers

ONESOURCE DataFlow helps you standardise and automate your tax workpapers with secured web-based templates. You control the line items, the organisation, and which in-house staff and external sources are granted access to it.

Efficient, secure tax data collection software

Keep an extensive archive of documentation at the ready, and get search features that help the information you need easily. This program forces a standardised indexing, supports documents in any format and has the levels of security permissions you need. With document management and storage in a central location, you can easily establish your tax department as a paperless office.

Extract and move data easily

ONESOURCE DataFlow extracts and moves the data you collect to your income tax or tax provision workpapers. The software can also help identify duplications or incorrect codes, preventing time-consuming errors and increasing your compliance.

ONESOURCE DataFlow customers have achieved:

  • 10,000 hour reduction in overall tax compliance and provision process
  • Filing tax return two months early
  • Automated over 75 percent of book-tax adjustments calculation

Other benefits:

  • Lets you automate how you gather, use, store and reuse data.
  • Eliminates the need for manual consolidation, making data available for global retrieval, consolidation, and reporting directly from Excel.
  • Allows you to standardise and organise workpapers and process more accurate information.
  • Enables you to track the status of data requests and ease the communication process for data providers.
  • Helps you to reduce human error by eliminating the need to rekey data.
  • Extracts the maximum value from your data.

ONESOURCE DataFlow

View this latest video from ONESOURCE DataFlow from Thomson Reuters

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