Thomson Reuters has rolled out its cloud offering for ONESOURCE Indirect Tax Determination to the Oracle Cloud Infrastructure, beginning a collaboration with Oracle.

Thomson Reuters has adopted 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.

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.

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.