Deloitte Tax LLP and Thomson Reuters announced a strategic alliance to help corporate tax and legal departments across the world transform how they work. By combining the robust content, software and technology of Thomson Reuters with Deloitte's market-leading capabilities in consulting and technology implementation, the alliance will deliver solutions for in-house tax and legal teams to address the growing challenges they may face from global compliance and regulatory demands, as well as the urgent need to become more efficient, nimble and digital. Digital transformation is a top priority for nearly every institution and commands the attention of many senior executives across the finance, legal and operations areas. While many parts of the organization have begun the digitization journey, tax and legal departments have often lagged, reliant on outdated legacy systems and manual business processes that cannot keep pace with today's demands. In a Deloitte survey of legal departments, only 20% indicated they used tools to automate routine tasks. Similarly, a separate survey of tax leaders said their teams must give deeper advisory support on key initiatives such as digital business models, supply chain restructuring and sustainability ? even as their budgets remain flat or fall.?Tax and legal departments must reinvent their foundational operations and processes to thrive in a dynamic and demanding environment, and it is becoming imperative that they accelerate their transformation efforts. The Deloitte-Thomson Reuters alliance is designed to help them do just that. Digital transformation of core operating platforms enables tax and legal functions to generate real-time data insights and increase productivity, while simultaneously managing costs and risks more effectively. This allows tax and legal professionals to focus on providing advice and strategic insights. The alliance builds upon the significant relationship Deloitte and Thomson Reuters have fostered over the past decade serving global, industry diverse tax clients on their transformation journeys. The alliance will enable Deloitte and Thomson Reuters to enhance ef?ciencies, align data, create economies of scale, and improve transparency throughout the end-to-end tax processes. ONESOURCE, a leading corporate tax technology platform, is a critical component of the tax ecosystem, enabling tax compliance and reporting in 180 countries. Deloitte's integration of this technology with its tax consultancy insights can provide businesses with possible solutions to enhance their specific tax lifecycles. Enhancement areas include global compliance, reporting and risk management for corporate taxes, and transactional taxes.