Oracle announced that Thomson Reuters turned to Oracle Cloud Infrastructure (OCI) as part of its multi-cloud strategy to make its indirect tax software available to customers worldwide. In addition, Thomson Reuters will build out the application on Oracle Autonomous Database to help simplify processes and elevate performance with a cloud-first solution. Thomson Reuters ONESOURCE enterprise cloud solutions provide small businesses to multinational organizations with a single, unified tax and trade engine that automates the ever-evolving tax landscape.

ONESOURCE Indirect Tax Determination, powered by Oracle Cloud Infrastructure, continues to expand upon Thomson Reuters cloud-based offerings to help customers around the globe tackle the simplest to the most complex transactional tax calculations. OCI's built-in security, high availability, and superior price-performance will help customers around the world automate their transactions without having to worry about capacity constraints. Using the recently announced Oracle Cloud Lift Services program, Thomson Reuters worked closely with Oracle Cloud engineers who provided hands-on expertise, technical tools and cloud engineering resources, at no additional cost, to speed the development of the cloud-native tax application.

Oracle and Thomson Reuters will jointly market and co-sell ONESOURCE and other cloud-native solutions in an alliance designed to expand Thomson Reuters' existing global footprint. Oracle's 30 Cloud Regions worldwide offer close proximity for each Thomson Reuters location and help address data sovereignty requirements, helping to ensure customers know exactly where their data is being processed. Thomson Reuters is a member of the Oracle PartnerNetwork (OPN), and Thomson Reuters solutions are available in the Oracle Cloud Marketplace, where customers can search for available applications and services to find the best business solutions for their organization.

Oracle Autonomous Database helps address virtually all the complexities of operating a cloud database, including securing data and developing data-driven applications. It automates provisioning, configuring, securing, tuning, scaling, patching, backing up, and repairing the cloud database. Unlike other fully managed cloud data warehouse solutions that only patch and update their service, it features elastic, automated scaling, performance tuning, security, and a broad set of built-in converged database capabilities that enable queries and data changes across multiple data types and workload types, machine learning analysis, automated data loading, and data visualizations.