ONESOURCE TaxStream Provision Implementation

Quick Links

Events

  • Webcasts
    • 11/24/2009
    • During this webcast, we will discuss walk you through how ONESOURCE TaxStream Provision can automate, configure and tie out the reports needed for your 10K footnote. Learn more about the components and configurability of the Effective Rate Reconciliation, Deferred Balance Roll-forward, Foreign Domestic Summary and Payable Roll-Forward.
    • Generating and Tying Out ONESOURCE TaxStream Provision Footnote Reports
    More Webcasts
    Training
    • 11/20/2009
    • A step-by-step presentation of the best uses for the Remote Data Collection Module (formerly iTaxStream) and how to configure and manage this tool through our Enterprise edition.
    • Remote Data Collection (RDC)
    More Training Events

Implementation Team

At Thomson Reuters, we understand that when you choose a software solution to automate your tax process, you need to get it up and running as quickly as possible, in order to maximize your return on investment. In addition, you need the assurance that you are taking advantage of everything the software has to offer to optimize your tax provision process.

To help you get the most out of ONESOURCE TaxStream Provision, we provide a variety of implementation and best practice offerings.

Thomson Reuters Implementation: Our in-house implementation specialists have extensive experience implementing ONESOURCE TaxStream Provision in hundreds of companies, from the Fortune 500 to companies of ten million dollars in annual revenue.

ONESOURCE TaxStream Provision is typically implemented in three phases:

  1. Create client structure within ONESOURCE TaxStream Provision and load beginning balances and current year activity.
  2. Automate processes and data flows, including bridges to general ledgers and return systems.
  3. Set up data gathering from remote locations over the internet.

Best Practices Consulting: Available from Thomson Reuters, this service allows clients to take advantage of extensive knowledge gained from having successfully implemented ONESOURCE TaxStream Provision in hundreds of companies worldwide. Learn cutting-edge and innovative ways to further automate and integrate not only your provision process, but your tax work year round. Learn More

Year End Support: The ONESOURCE TaxStream Provision team offers additional support during critical periods such as year-end or during the audit process. Whether you would like a few days of focused training, a dedicated consultant support telephone line, or on-site support, Thomson Reuters will be there to help you through the key periods of your provision process.

National Accounting Firms: Deloitte, Ernst and Young, KPMG and PriceWaterhouseCoopers all have service offerings around ONESOURCE TaxStream Provision.

Regional Accounting and Tax Consulting Firms: A growing number of regional firms use and implement ONESOURCE TaxStream Provision. View a list of regional firms in your area

View ONESOURCE TaxStream Provision Implementation brochure

In a typical engagement, the client selects their team and agrees to a budget for consulting services. This team will be responsible for the engagement and the ongoing relationship. The client licenses the software directly from us regardless of their implementation team.

Implementation Process

ONESOURCE TaxStream Provision is typically implemented in three phases:

  1. Build out client structure within ONESOURCE TaxStream Provision and load client data.
  2. Automate processes and data flows.
  3. Set up data gathering from remote locations using the internet.

Implementation Tools

ONESOURCE TaxStream Provision has been installed at hundreds of clients, both large and small. There are a number of tools that we have developed to ensure your installation will go smoothly.

  • Implementation Checklist - This checklist is designed to ensure that all relevant questions are asked before the implementation starts.
  • Spreadsheet Data Loaders - Spreadsheets are included with the system to upload units, categories and data on a mass basis. This eliminates the need to manually enter set-up information.
  • Best Practices - Learn from the implementation experiences of others by using our certified consultants.