ONESOURCE, developed by Thomson Reuters, is a widely used tax technology platform utilized by businesses worldwide. With its comprehensive features and capabilities, ONESOURCE provides businesses with efficient and accurate tax management solutions. However, as the tax landscape evolves, businesses may require alternative tax technology platforms that better suit their needs. In this article, we will explore the 10 best ONESOURCE alternatives and competitors in 2024, providing businesses with a range of options for effective tax management.

1. Vertex

Vertex is a leading provider of tax technology solutions for businesses. With its focus on global tax compliance, Vertex offers businesses a comprehensive solution for tax management across various jurisdictions. From sales and use tax to income tax, Vertex provides businesses with accurate and reliable tax information and calculations. It also integrates with popular enterprise resource planning (ERP) systems, enhancing workflow efficiency and enabling seamless data management.

2. Avalara

Avalara is a cloud-based tax compliance platform that helps businesses automate tax calculations, filing, and remittance. With its integrations with popular e-commerce and accounting software, Avalara provides businesses with a seamless and efficient tax management solution. It also offers real-time tax rate calculations and jurisdictional determination, ensuring accurate and up-to-date tax compliance.

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3. Sovos

Sovos is a cloud-based tax compliance and reporting software designed for businesses of all sizes. With its focus on regulatory compliance, Sovos offers businesses a comprehensive solution for tax management, including sales tax, VAT, and excise tax. It also provides businesses with automated filing and remittance options, reducing the risk of errors and non-compliance.

4. TaxJar

TaxJar is a cloud-based sales tax automation platform that helps businesses manage sales tax compliance. With its integrations with popular e-commerce platforms, TaxJar provides businesses with a streamlined and automated solution for sales tax management. It also offers real-time tax rate calculations and jurisdictional determination, ensuring accurate and up-to-date tax compliance.

5. CCH Axcess

CCH Axcess is a cloud-based tax software platform designed for accounting firms and corporate tax departments. With its comprehensive features, including tax compliance, document management, and workflow automation, CCH Axcess provides businesses with efficient and organized tax management solutions. It also integrates with popular ERP systems, enhancing productivity and enabling seamless data management.

6. ONESOURCE Indirect Tax

ONESOURCE Indirect Tax, developed by Thomson Reuters, is a comprehensive tax compliance and reporting software designed for businesses of all sizes. With its focus on indirect taxes, including sales tax, VAT, and GST, ONESOURCE Indirect Tax provides businesses with accurate and reliable tax information and calculations. It also offers automated filing and remittance options, reducing the risk of errors and non-compliance.

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7. Taxify by Sovos

Taxify by Sovos is a cloud-based sales tax automation platform designed for small and mid-sized businesses. With its integrations with popular e-commerce platforms and shopping carts, Taxify provides businesses with an easy-to-use and affordable solution for sales tax management. It also offers real-time tax rate calculations and jurisdictional determination, ensuring accurate and up-to-date tax compliance.

8. Vertex Cloud

Vertex Cloud is a cloud-based tax management platform designed for businesses of all sizes. With its focus on global tax compliance, Vertex Cloud provides businesses with accurate and reliable tax information and calculations across various jurisdictions. It also offers automated filing and remittance options, reducing the risk of errors and non-compliance. Vertex Cloud's user-friendly interface and robust features make it a strong competitor to ONESOURCE.

9. ONESOURCE Transfer Pricing

ONESOURCE Transfer Pricing, developed by Thomson Reuters, is a comprehensive transfer pricing software designed for multinational corporations. With its focus on transfer pricing compliance, ONESOURCE Transfer Pricing provides businesses with accurate and reliable transfer pricing calculations and documentation. It also offers data management and reporting capabilities, enhancing compliance and reducing risk.

10. Bloomberg Tax

Bloomberg Tax is a comprehensive tax technology platform that offers businesses a range of tax management solutions. From tax research and planning to compliance and reporting, Bloomberg Tax provides businesses with efficient and reliable tax management solutions. Its integration with popular ERP systems and e-commerce platforms enables seamless data management and enhances workflow efficiency.

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In conclusion, while ONESOURCE has been a popular choice for businesses' tax technology needs, there are several alternatives and competitors in the market that offer comparable or superior services. From the global tax compliance focus of Vertex to the sales tax automation capabilities of Avalara, businesses have a range of options to choose from. Whether businesses prioritize compliance, automation, or integration with existing software systems, the 10 alternatives mentioned in this article offer reliable and efficient tax technology solutions for businesses in 2024.