TLDR: Thomson Reuters has launched three significant AI-driven innovations within its ONESOURCE platform, designed to enhance corporate tax and trade compliance, mitigate risks, and foster strategic growth through increased accuracy and efficiency.
TORONTO, October 20, 2025 – Thomson Reuters (TSX/Nasdaq: TRI), a global leader in content and technology, today announced the introduction of three transformative artificial intelligence innovations within its ONESOURCE platform. These new offerings, spanning corporate tax and trade, are set to redefine compliance by leveraging secure, domain-specific generative AI and Thomson Reuters’ extensive human-curated content, promising highly accurate results for tax and accounting professionals.
The new suite of solutions includes:
1. AI-powered Indirect Tax Product Classification: Integrated into ONESOURCE Determination, this solution automates product classification by harnessing generative AI and Thomson Reuters’ proprietary content. This advancement is crucial for ensuring precise indirect tax determination and calculation, streamlining e-invoice processing, and minimizing errors in reporting, particularly for corporations managing vast product portfolios.
2. Tax Regulatory Insights for Direct Tax: Accessible directly within the ONESOURCE Income Tax platform, this tool integrates Thomson Reuters Checkpoint’s tax and regulation news with ONESOURCE. It provides personalized alerts and contextual insights, empowering tax professionals to ensure compliance, optimize tax strategies, and enhance decision-making by focusing on the most relevant areas impacted by new tax laws.
3. Global Classification AI: Operating within the existing ONESOURCE Global Classification solution, this AI-powered feature aims to transform business processes around the complex global Harmonized System (HS) classification. It seeks to eliminate manual busywork and uncertainty, allowing expert professionals to make impactful classification decisions effortlessly.
Laura Clayton McDonnell, President of Corporates at Thomson Reuters, emphasized the strategic importance of these innovations. “In today’s dynamic business environment, corporations face increasing pressure to manage vast and intricate tax and trade compliance obligations while simultaneously seeking avenues for growth,” said McDonnell. “Our latest solutions are designed to transform compliance from a challenging necessity into a strategic advantage, enabling our customers to operate with greater accuracy, efficiency, and confidence.”
Ray Grove, Head of Product, Corporate Tax and Trade at Thomson Reuters, highlighted the seamless integration of these powerful tools into daily workflows. “We recognize that corporate tax and trade professionals need solutions that are not only powerful but also seamlessly integrated into their daily workflows,” Grove stated.
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These launches underscore Thomson Reuters’ commitment to helping businesses mitigate risk and unlock strategic opportunities. The company’s unique ability to combine deep domain expertise, trusted content, and proven AI capabilities is central to solving complex compliance problems, ensuring resilience, agility, and a competitive edge in an ever-evolving market. This holistic approach empowers customers to make smarter, faster decisions and drive growth.
