# Thomson Reuters
*Also known as TR*

- Website: https://tax.thomsonreuters.com
- Agent profile: https://directory.haycion.ai/agents/tax-thomsonreuters-com

> Thomson Reuters is a global provider of information, software and services for legal, tax, and corporate professionals.

Thomson Reuters is a global information and technology company serving professionals in the legal, tax, corporate, and government sectors. It provides trusted data, analytics, and software tools that help organizations research, manage risk and compliance, and improve decision making. The company focuses on enabling efficiency and accuracy for lawyers, tax professionals, corporate teams, and public institutions through industry-focused content, workflows, and solutions that support client service and governance.

**Mission:** To deliver trusted information and innovative technology that empower professionals to work more efficiently, stay compliant, and deliver high-quality outcomes for clients and organizations.

## Products & Services

### [CoCounsel Legal](https://tax.thomsonreuters.com/en/products/cocounsel-legal)
*Product*
Enhances legal workflows with unified AI for research, analysis, and drafting.

- **AI-powered analysis** — Provides AI-Assisted Analysis
- **AI-powered drafting** — Enhances Drafting Efficiency
- **AI-powered research** — Improves Research Accuracy
- **Unified AI workflow** — Streamlines Legal Tasks
- **Customization Capabilities** — Tailors User Experience

### [Westlaw](https://legal.thomsonreuters.com/en/products/westlaw)
*Product*
Find legal answers faster with trusted research software powered by 150 years of expertise.

- **Advanced Research Technology** — Locate Resources Efficiently
- **Trusted Content And Editorial Enhancements** — Access Verified Legal Materials
- **Comprehensive Case Law Coverage** — Access Diverse Legal Precedents
- **AI-Powered Insights** — Enhance Research Outcomes
- **User-Friendly Interface** — Improve Research Efficiency

### [Practical Law](https://legal.thomsonreuters.com/en/products/practical-law)
*Product*
Enhances legal practice with expert guidance and customizable resources.

- **Guidance for Everyday Practice** — Empowers Confident Legal Practices
- **Guides, Templates, and Checklists** — Streamlines Legal Workflows
- **Real-Time Legal Updates** — Keeps Practice Current
- **Practice Area Insights** — Supports Informed Strategic Planning

### [HighQ](https://legal.thomsonreuters.com/en/products/highq)
*Platform*
Enhances legal service delivery through secure collaboration and automated processes.

- **AI-powered Client Engagement** — Streamlines Client Interaction
- **Automated Workflows** — Reduces Manual Tasks
- **Secure Collaboration** — Facilitates Secure Communication
- **Matter Management** — Centralizes Legal Matters
- **Real-time Collaboration Tools** — Enhances Team Collaboration

### [ONESOURCE](https://www.thomsonreuters.com/en/products-services/onesource)
*Platform*
Simplifies global tax compliance and enhances decision-making efficiency.

- **Global Tax Compliance and Decision Making** — Ensures Compliance
- **Automated Tax Workflows** — Streamlines Processes
- **Real-Time Data Integration** — Enhances Accuracy
- **Seamless API Integrations** — Supports Customization
- **Comprehensive Tax Reporting** — Simplifies Reporting

### [Onvio](https://tax.thomsonreuters.com/en/onvio)
*Platform*
Facilitates seamless collaboration and streamlining for tax and accounting teams.

- **Cloud-based Collaboration** — Enhances Team Interaction
- **Integrated Practice Workflows** — Streamlines Operations
- **Real-time Analytics** — Improves Decision-Making
- **Document Management** — Centralizes Documentation
- **Financial Reporting Tools** — Simplifies Reporting

### [CS Professional Suite](https://tax.thomsonreuters.com/us/en/cs-professional-suite)
*Platform*
Empowers tax and accounting firms to streamline workflows and automate processes for enhanced productivity.

- **Integrated Software Suite** — Manage All Tax Processes
- **Agentic AI-Powered Insights** — Leverage Intelligent Automation
- **Professional Services Integration** — Enhance Workflow Efficiency
- **Client Experience Enhancement** — Elevate Client Engagement
- **Customizable Workflows** — Tailor Processes to Your Needs

### [CoCounsel Tax](https://www.thomsonreuters.com/en/products/cocounsel-tax)
*Product*
Streamline tax processes with AI-driven insights and reliable information.

- **AI-assisted Tax Workflows** — Enhance Efficiency
- **Authoritative Content Backing** — Access Reliable Insights
- **Integrated Audit Features** — Improve Accuracy
- **Scalable Tax Solutions** — Support Growth
- **Comprehensive Tax Research** — Simplify Research

### [ONESOURCE Indirect Compliance](https://tax.thomsonreuters.com/en/onesource/indirect-tax/compliance)
*Product*
Streamlines global indirect tax compliance, enhancing accuracy and efficiency.

- **Global compliance coverage** — Ensures Compliance Worldwide
- **Indirect tax automation** — Streamlines Tax Processes
- **Real-time updates** — Stay Informed
- **Integration with ERP systems** — Enhances Efficiency

### [ONESOURCE Pagero](https://www.thomsonreuters.com/en/products/onesource-pagero)
*Product*
Streamlines global e-invoicing compliance, simplifying complex mandates.

- **Global e-invoicing** — Ensures Compliance With E-Invoicing
- **Single integrated solution** — Centralizes Invoicing Processes
- **Continuous transaction controls** — Automates Compliance Checks

### [ONESOURCE Export Management](https://tax.thomsonreuters.com/en/onesource/global-trade-management/export-compliance)
*Product*
Simplify and automate export compliance for efficient global trade management.

- **Export Compliance Management** — Ensures Compliance With Export Regulations
- **Global Trade Alignment** — Facilitates Efficient Trade Documentation
- **Integrated Global Trade Solutions** — Streamlines Trade Processes
- **Real-Time Regulatory Updates** — Keeps You Informed on Compliance Changes
- **Automated Export Reporting** — Simplifies Reporting Requirements

### [ONESOURCE Foreign Trade Zone Management](https://tax.thomsonreuters.com/en/onesource/foreign-trade-zone-management)
*Product*
Simplifies foreign trade zone management for enhanced efficiency and compliance.

- **Foreign Trade Zone Management** — Streamline Zone Compliance
- **Trade Facilitation** — Enhance Trade Efficiency
- **Real-Time Reporting** — Access Insights Instantly
- **Customizable Workflow Automation** — Adapt Workflows Quickly

### [ONESOURCE Free Trade Agreement Management](https://tax.thomsonreuters.com/en/onesource/global-trade-management/free-trade-agreement)
*Product*
Streamline Free Trade Agreement Management for Enhanced Compliance and Efficiency.

- **FTA Management** — Manage FTAs Effectively
- **Trade Agreement Compliance** — Ensure Compliance Across Treaties
- **Automated Reporting** — Generate Compliance Reports

### [ONESOURCE Global Classification AI](https://tax.thomsonreuters.com/en/products/onesource-global-classification-ai)
*Product*
Streamline global trade compliance with AI-driven classification technology.

- **AI-driven classification** — Enhances Accuracy
- **Automation of data labeling** — Increases Efficiency

### [ONESOURCE Import Management](https://tax.thomsonreuters.com/en/onesource/global-trade-management/import-compliance)
*Product*
Streamline cross-border imports and ensure compliance with customs regulations.

- **Cross-border efficiency** — Enhance Workflow Efficiency
- **Import compliance** — Ensure Regulatory Compliance
- **Regulatory updates** — Receive Automatic Updates
- **Documentation management** — Organize Import Documents

### [ONESOURCE Global Trade Content](https://tax.thomsonreuters.com/en/onesource/global-trade-management/content)
*Product*
Support global trade compliance and classification with comprehensive content.

- **Content-driven decision support** — Informs Tax And Trade Decisions
- **Global trade content** — Enhances Compliance And Classification
- **Integration with ONESOURCE Solutions** — Integrates With ONESOURCE Suite
- **Regular Content Updates** — Provides Current Compliance Information

## Market Segments

- **Legal research and knowledge management** (market size $3.5B, CAGR 12%): Capabilities that provide authoritative legal content, advanced search, and practitioner-ready guidance to support legal research, precedents, and practice knowledge.
- **Legal document automation and drafting** (market size $3.3B, CAGR 11%): Automated drafting and assembly of pleadings, discovery responses, deposition summaries, cross‑examination chapters, and research‑backed documents in a firm’s voice to accelerate matter preparation.
- **Matter management and secure client collaboration** (market size $2.0B, CAGR 14%): Platforms for managing matters, documents, client communications, and collaborative workflows with security and real-time collaboration features.
- **Corporate tax and compliance** (market size $19.8B, CAGR 6%): Services focused on tax planning, preparation, credits (including R&D), international tax strategies, depreciation optimization, and tax risk and compliance management for businesses.
- **Trade compliance and customs classification** (market size $10.5B, CAGR 4.92%): Capabilities to manage export classification, HS/HTS codes, preferential origin and trade-agreement compliance, and related documentation to protect market access and meet customs and defense-related requirements.