Thomson Reuters Expands Partnership with Oracle with Turnkey Embedded E-Invoicing Capabilities

Toronto, November 14, 2024 – Thomson Reuters Corporation (“Thomson Reuters”) (TSX/NYSE: TRI), a global content and technology company and member of Oracle PartnerNetwork (OPN) today announced it is enabling turnkey integration with ONESOURCE Pagero and Oracle Cloud Enterprise Resource Planning (ERP). Designed to transform the e-invoicing landscape, and supported by early partners like Accenture, this integration aims to help streamline e-invoicing processes, particularly in countries with stringent mandates.

For multinational organizations, e-invoicing is already mandatory or becoming so in jurisdictions across Europe, Latin America, and parts of Asia. U.S. companies that implement e-invoicing now will be better positioned for cross-border trade, reducing the likelihood of costly penalties from doing business with international partners already following e-invoicing mandates. This collaboration aims to deliver enhanced value to customers, allowing for compliance while improving operational efficiency.

“As part of Thomson Reuters ongoing build, partner and buy strategy, we are excited to deepen our partnership with Oracle, bringing our market-leading e-invoicing capabilities directly to Oracle Cloud ERP,” said Laura Clayton McDonnell, president, Corporates, Thomson Reuters. “This collaboration with Oracle is also supported by partners like Accenture and underscores our commitment to providing seamless, innovative solutions that drive compliance and efficiency for our global customers. This marks another step forward in making end-to-end tax solutions a reality for customers.”

This partnership will leverage Oracle’s B2B technology platform to offer a solution that simplifies the integration of e-invoicing compliance solutions. By integrating ONESOURCE Pagero with Oracle Cloud ERP, customers will be able to perform critical invoicing compliance workflows directly within the ERP system. This integration will not only help to reduce complexity but will also help address data integrity and compliance, transforming the customer experience from an extensive implementation process to a simple sequence of actions.

“For multinational organizations, the ability to streamline invoice management processes is critical to addressing compliance, improving visibility into cash flow, and fostering positive supplier relations. With ONESOURCE Pagero integrated with Oracle Cloud ERP, joint customers will gain e-invoicing automation that will help to enhance operational efficiency and improve user experience,” said Mark Hura, executive vice president and general manager, North America Cloud Infrastructure, Oracle.

“As organizations look for new ways to address evolving global invoicing mandates, this integration will help streamline business operations and reduce the cost to comply," said Samia Tarraf, Oracle Business Group lead, Accenture. "The partnership with Thomson Reuters complements the work Accenture and Oracle already do to help our clients reinvent their digital core.”

Pagero was recently named a Leader in the 2024 IDC MarketScape: European Compliant e-Invoicing Vendor Assessment. This recognition underscores Pagero's position as a trusted partner for companies seeking comprehensive, compliant, and innovative e-invoicing solutions. This expanded partnership marks a significant step forward in the e-invoicing space, promising substantial benefits for customers by combining the strengths of Thomson Reuters and Oracle.

For more information: https://www.thomsonreuters.com/en/partners/oracle.html

Thomson Reuters

Thomson Reuters (TSX/NYSE: TRI) (“TR”) informs the way forward by bringing together the trusted content and technology that people and organizations need to make the right decisions. The company serves professionals across legal, tax, accounting, compliance, government, and media. Its products combine highly specialized software and insights to empower professionals with the data, intelligence, and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth, and transparency. Reuters, part of Thomson Reuters, is a world-leading provider of trusted journalism and news. For more information, visit tr.com.

About Oracle PartnerNetwork
Oracle PartnerNetwork (OPN) is Oracle's partner program designed to enable partners to accelerate the transition to cloud and drive superior customer business outcomes. The OPN program allows partners to engage with Oracle through track(s) aligned to how they go to market: Cloud Build for partners that provide products or services built on or integrated with Oracle Cloud; Cloud Sell for partners that resell Oracle Cloud technology; Cloud Service for partners that implement, deploy and manage Oracle Cloud Services; Industry Healthcare for partners that provide commercially available products and/or services built with Oracle Cloud and Oracle Health technologies; and License & Hardware for partners that build, service or sell Oracle software licenses or hardware products. Customers can expedite their business objectives with OPN partners who have achieved Expertise in a product family or cloud service. To learn more visit: http://www.oracle.com/partnernetwork.

Trademark
Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

Media Contact
Lindsay Bomar
Senior Director, Corporate Communications
Lindsay.Bomar@thomsonreuters.com