Thomson Reuters announced the successful completion of the Oracle E-Business Suite 12.2 beta program for its ONESOURCE Indirect Tax solution, which is designed to enable mutual customers to immediately upgrade to the latest version of Oracle E-Business Suite 12.2. 

ONESOURCE Indirect Tax is a suite of tax and accounting solutions by Thomson Reuters developed to help multinational companies effectively and efficiently comply with the growing complexity of indirect tax requirements around the world. 

Oracle E-Business Suite 12.2 introduces Online Patching to help reduce maintenance downtimes, helping companies ensure the high availability of the mission-critical systems running their global operations. Working alongside Oracle, Thomson Reuters installed, configured, tested, and provided feedback on Oracle E-Business Suite 12.2 prior to its public release.

The major Oracle E-Business Suite 12.2 testing activities included installation and upgrade of Oracle E-Business Suite 12.2, and online patching of Oracle E-Business Suite 12.2 database and application tier servers. Users remained active on the environment to confirm minimal downtime capabilities. 

The ONESOURCE Indirect Tax Integration for Oracle 12 was built by an in-house team using Oracle integration best practices to enable the determination and calculation of sales, use, and value-added taxes in the order-to-cash and procure-to-pay business process. With enhanced flexibility, the integration enables the passing of additional customer-specific data elements critical for the accurate determination of usage and taxability within the ONESOURCE suite of products.