Thomson Reuters

What is Thomson Reuters?

Thomson Reuters stands as a premier global provider of information and technology, offering sophisticated AI-driven software and services tailored for experts in law, taxation, accounting, and risk. By harnessing deep industry knowledge and vast authoritative data, its solutions simplify intricate processes, automate regulatory adherence, and deliver crucial insights. The ecosystem merges state-of-the-art generative AI capabilities, dependable cloud infrastructure, and powerful analytics, enabling professionals to accelerate decision-making and boost operational effectiveness.

Key Features:

• Advanced AI for Professional Services: Features generative AI assistants, such as CoCounsel, to handle repetitive tasks, refine document creation, and speed up research for legal and tax experts.

• Unified Software Suite: Provides a complete, interconnected set of applications for tax, accounting, audit, payroll, and risk management, facilitating smooth data flow and automated processes.

• Powerful Data Analytics: Employs scalable, cloud-native analytics to gather, process, and display operational data in real time, aiding ongoing enhancement of products and services.

• Worldwide Tax and Compliance Automation: Streamlines intricate global tax computations and compliance for sales tax, use tax, and BEPS Pillar Two rules across over 190 countries, minimizing errors and risks.

• Secure Cloud Foundation: Operates on AWS with robust encryption for data in transit and at rest, guaranteeing security, adherence to regulations, and consistent performance during high traffic.

• Adaptable and Scalable Deployment: Caters to organizations of any scale with flexible hosting and a scalable design that evolves with changing workloads and business demands.

Use Cases:

• Enhancing Legal Practice: Law firms utilize AI tools to optimize contract analysis, legal investigation, and case handling, leading to better client service and faster completion times.

• Automating Tax and Accounting: Accounting firms employ integrated software to automate tax submissions, payroll, and financial closing procedures, increasing precision and output.

• Managing Risk and Compliance: Businesses oversee regulatory demands and reduce risks using real-time analytics and automated reporting tools for various jurisdictions.

• Informed Product Development: Development teams leverage real-time user analytics to track engagement, identify issues, and quickly refine software functionalities.

• Streamlining Global Operations: Multinational companies depend on these solutions to efficiently manage complex international tax regulations and compliance obligations.