Deloitte Tax teams up with Thomson Reuters

Deloitte Tax teams up with Thomson Reuters

The alliance will assist legal departments with digital transformation

Deloitte Tax, the company's tax unit, has formed an alliance with Thomson Reuters to help corporate tax and legal departments with digital transformation and adoption strategies. This will keep up with global compliance and regulatory demands, which is a shift away from relying on outdated legacy systems.

Steve Kimbal, chairman and CEO of Deloitte Tax said, "Now more than ever, digitization is becoming crucial to the effectiveness of tax and legal departments. Through this alliance, we will deliver tailored technology implementation solutions to help position our clients to focus on what they do best.

"This means, delivering enhanced value in their organizations, leveraging robust data for decision-making and cost control (that is) backed by the unmatched global breadth and depth of Deloitte and Thomson Reuters."

Sunil Pandita, president of Thomson Reuters' corporate division said the alliance builds on the two firm's long-standing relationship with one another. "We continually see in-house tax and legal departments under immense pressure to always be fast and accurate while combatting constrained resources and an ever-evolving business landscape."

The alliance will allow for the chance to "help our customers solve their biggest pain points through content-driven technology solutions," Pandita added.

Tax departments will benefit from Deloitte Tax's utilization of OneSource, a digital corporate platform that enables tax compliance and reporting in 180 countries. It targets global compliance, reporting and risk management for corporate and transactional taxes.

Digital transformation has been a major area of focus across all corners of the legal industry during the Covid-19 pandemic. Lawyers and legal professionals have increasingly relied on technology to carry out their jobs remotely.