Thomson Reuters

What is Thomson Reuters?

Thomson Reuters provides trusted technology solutions for professionals. It leverages industry-leading content and expertise to enhance decision-making and productivity. Its tools are specifically designed for the legal, tax, and regulatory sectors. Users adopt these solutions to transform workflows, improve efficiency, and gain a competitive advantage.

Application scenarios

* Legal research and drafting: Law firms use AI tools like CoCounsel Legal to accelerate multistep legal work including research and document drafting.
* Tax practice transformation: Tax and accounting firms utilize AI-powered assistants for tax planning, preparation, and research to enhance efficiency and client confidence.
* Audit workflow improvement: Audit teams adopt specialized suites to achieve greater efficiency and overcome workflow challenges in the auditing process.
* Corporate tax compliance: Corporations manage global tax obligations, including income tax, indirect tax, and provision, using integrated compliance platforms.
* Risk and fraud investigation: Professionals in risk management and security conduct AI-driven investigations to surface critical connections and insights for strategic decisions.
* Trade and supply chain management: Businesses manage foreign trade zones and global product classification using dedicated trade solutions.

Main features

* CoCounsel Legal: Transform legal work by uniting research, drafting, and document analysis in a single AI-powered experience built on trusted content.
* CoCounsel Tax: Enhance a tax practice with an AI assistant that combines trustworthy answers, automation, and firm knowledge into one seamless platform.
* CLEAR Investigate: Accelerate investigations by using AI-driven research workflows to intelligently surface critical connections and insights within a trusted platform.
* Audit Intelligence: Improve auditing workflows with specialized tools designed to address audit challenges and drive efficiency.
* ONESOURCE Determination: Manage corporate tax obligations with a solution focused on tax determination.
* ONESOURCE Income Tax: Handle corporate income tax compliance through a dedicated platform.
* ONESOURCE Indirect Compliance: Address indirect tax compliance requirements for businesses.
* CLEAR Adverse Media: Screen for and analyze negative news as part of a comprehensive risk assessment process.
* Practical Law: Access legal guidance and forms for business practice, procedure, and drafting.
* Westlaw Edge & Advantage: Conduct legal research with advanced tools and resources for legal professionals.

Target users

The primary beneficiaries are professionals and organizations within specific, high-stakes industries. This includes law firms, tax and accounting firms, corporate legal and tax departments, audit teams, government agencies, and risk and fraud investigation units.

How to use Thomson Reuters?

Thomson Reuters offers a suite of specialized products rather than a single tool. Professionals typically select a solution tailored to their specific domain, such as CoCounsel Legal for law or CoCounsel Tax for accounting. The website provides a "Purchase" section and lists product bundles like "CoCounsel Essentials." For detailed implementation, interested users should explore the official product pages and contact the sales team directly via the provided "Contact us" options.

Effect Review

The platform highlights tangible efficiency gains and competitive advantages through customer success stories. A law firm reported "remarkable efficiency gains and improved client relationships" by adopting its AI legal solution, while a global corporation turned legal challenges into an advantage. For tax and audit, the focus is on reducing risk and improving confidence. The consistent emphasis on trusted content and expert design suggests a focus on reliability and practical utility over experimental features, positioning these tools as productivity multipliers for established professional workflows.