Thomson Reuters CS Professional Suite vs. Thomson Reuters ONESOURCE

Fixed Assets. CS offers an excellent selection of built-in asset and depreciation related reports including Asset detail, asset list, property detail, and much much more. They also have a ton of forms such as 4255,4562,4792 and other worksheets in the application. All these reports can be easily customized, which allows you to specifically tailor them to your company's client. They can also be exported to Excel as well.

Incentivized

ONESOURCE is well suited for organizations that want to maintain their compliance efforts within a single platform. Most of the software looks and operates in a similar manner, which makes it easy to navigate and integrate yourself into additional products. Additionally, the ONESOURCE platform is a great platform for anyone looking for a provider that stays on top of tax law changes and will quickly integrate the changes into their product.

Incentivized

• It is excel based which makes it easier to input information.

Incentivized

• The ability to recall data from prior years is great. We constantly get requests to pull prior year forms and the system allows us to complete these requests efficiently.
• The ability to track tax information events (such as print filing dates, b-notices, and recipient responses) is a huge benefit of ONESOURCE and is one of the main reasons we utilize their service over that of their competitors.
• ONESOURCE customer service is highly responsive. One of the huge benefits of working with ONESOURCE is the assigned CES who answers any & all questions relating to not only the software itself, but the underlying tax requirements and due dates, etc.

Incentivized

• Customization of some timestamp functions for a country other than the United States is relatively limited.
• As well as the Spanish language does not have support or usability on the platform, which although it is not a major inconvenience if it slows down the use for some of our collaborators.

Incentivized

• High TOC. No patching strategy for Onesource. Each bug fix is basically a new implementation, requiring an end-to-end regression test for SSabrix/Onesource and each connected ERP.
• Lack control of developments. Often a bug fix release contains changes to other - undocumented - areas within the application which leads to multiple implementation iterations.
• Limited collaboration with ERP providers. If something goes wrong in the connector to an ERP system (e.g. due to ERP version upgrade), Thomson Reuters is not as connected with the ERP vendor as could be desired i.e. the burden of connecting the ERP provider with the Onesource provider (TR) is laying with the customer. This is especially true for the Oracle Fusion integration.
• High project cost. When connecting to an ERP system for the first time , the integration with Sabrix is costly due to the need for connector development (less for the actual Sabrix configuration).

Incentivized

To reiterate - a very useful tool for private company information, otherwise not forthcoming on the public domain. It is very crucial in Company analyses for various lenses, slices and dices of Company information. Also useful in industry analysis and in list building. Overall a great research and analytics tool.

I give the rating of an 8 because the users in my company have little or no complaints when using the software. There are many features and add-ons for the program which allow for deep customization that they can tailor to each client individually which allows them to provide world-class services that help our firm succeed. On top of the features, implementation is seamless, and creating accounts is a breeze from the Administration side.

Incentivized

They are great, their support and knowledge in the implementation and after-sales service was really incredible.

Although the cost of its tailor-made reporting service is somewhat expensive and inflexible, once the survey was carried out and the plan was drawn up, it was fully fulfilled in a timely manner.

We miss a support in our native language, since we only find English as a means of contact with them.

Incentivized

The ONESOURCE support has improved significantly over the years. Support sends out emails with the answer provided which helps in the future when the same issue occurs. This reduces the amount of calls to ONESOURCE Support as you can better document the calls and rely on previous answers if the same issue occurs. ONESOURCE support has also implemented a callback feature that reduces the amount of time spent on hold.

Incentivized

The support for the implementation and the customization services in custom reports made us decide on CS Professional Suite.

Incentivized

Thomson Reuters has a central location for the documents. It is time saving and truly is streamlined which is one of the main reasons why this program beats out the competition. Most of the areas that one source is lacking is at the very least the equivalent or better than the competition so the parts that it does better really elevates the software against the competition

Incentivized

• Not authorized to view the large scale picture of Thomson Reuters CS Suite on ROI, however, it has been a part of the business model for years with constant updates and is only getting more and more efficient as time goes on.

Incentivized

• By moving the tax return preparation process in-house by utilizing ONESOURCE, the company has significantly reduced the costs associated with filing the income tax returns.
• ONESOURCE has given the company better control over the data.
• By utilizing ONESOURCE, the company has better internal documentation that will assist in defending future audits without having to rely on outside accounting firms.

Incentivized