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Thomson Reuters Launches New Agentic AI Solutions

Thomson Reuters (TSX/Nasdaq: TRI), a leader in global content and technology, recently revealed its latest advancements in agentic AI solutions tailored for professionals in various sectors, including tax, audit, legal, and compliance. These enhancements are set to redefine efficiency, allowing professionals to streamline complex workflows, and enable significant time savings in their daily operations.

New Intelligent Solutions Accelerating Efficiency

At the heart of this launch is the introduction of ONESOURCE+, an AI-powered Intelligent Compliance Network that unifies essential functions such as tax, trade, legal, and risk management. This innovative platform aims to help organizations enhance efficiency, minimize compliance risks, and unlock growth opportunities. The ONESOURCE+ suite integrates several AI-driven innovations:

• - ONESOURCE Sales and Use Tax AI: This component automates the entire sales and use tax filing process, allowing companies to create ready-to-file returns across thousands of jurisdictions. The result? A decrease in preparation time by 40-60% and a reduced risk of audits.
• - ONESOURCE Global Classification AI: This AI tool accelerates product classification for global trade, suggesting accurate Harmonized System (HS) codes and normalizing product data for documentation readiness, while continuously improving through learned expert decisions.

These tools are just the beginning of Thomson Reuters’ commitment to advancing the capabilities of its existing software solutions.

Transforming Tax, Audit, and Compliance with CoCounsel

Thomson Reuters is also building on its innovative CoCounsel Tax, Audit, and Accounting solutions by integrating agentic AI capabilities aimed at automating tax return preparation and audit workflows. The new Ready to Review feature processes source documents and previous returns, generating U.S. 1040 Form tax returns that are ready for professional examination. Such automation has already proven to be a game changer for firms like Indiana-based CLH CPAs Consultants, which reported significant time savings of approximately an hour on each simple return—a remarkable efficiency gain.

Furthermore, CoCounsel’s capabilities will soon allow auditors to automate complex audit workflows by delegating document review tasks to AI, which extracts essential data and produces cited workpapers. This improved efficiency lets professionals concentrate on more critical, judgment-heavy work.

Next-Generation AI for the Legal Field

In addition to the advancements in tax and audit, Thomson Reuters is set to elevate its CoCounsel Legal solutions with new agentic AI capabilities designed for intricate legal workflows. With features like bulk document review that can process up to 10,000 documents, legal professionals can expedite risk identification and due diligence for litigation, compliance, and more.

The ability to customize agentic workflows enhances the planning and execution of complex tasks. Legal practitioners can now create personalized workflow plans that integrate Thomson Reuters’ dependable content with their firm’s insights, promoting greater collaboration and refinement across practice groups.

These tools underscore Thomson Reuters’ dedication to not just delivering products but fostering an environment where professionals can delegate repetitive tasks to AI and focus on strategic decision-making.

The Future of AI in Professional Services

Thomson Reuters will showcase these transformative solutions at the upcoming SYNERGY 2025 Conference, which expects over 5,000 attendees and reflects the company’s rapid pace in AI innovation. The themes of efficiency, accuracy, and reduced complexity resonate through all new offerings, emphasizing the growing necessity for intelligent tools in today’s business landscape.

With such advances, Thomson Reuters continues to position itself as a leader in delivering agentic AI solutions that allow professionals to thrive in a complex world, emphasizing its dedication to empowering its users with the tools they need for informed decision-making.

To explore more about ONESOURCE+ and the latest innovation for corporate professionals, visit Thomson Reuters’ dedicated news page.