Reconciliations powered by CoCounsel

ONESOURCE Reconciliations is software for automating line-level reconciliation between e-invoice data and VAT/GST return data. It identifies and classifies discrepancies, helps teams understand their compliance impact and supports investigation and resolution.

ONESOURCE Reconciliations powered by CoCounsel is software for automating line-level reconciliation between e-invoice data and VAT/GST return data, with embedded AI agents. It identifies and classifies discrepancies, helps teams understand their compliance impact and supports investigation and resolution, including AI-guided templating and root cause analysis.

ONESOURCE Reconciliations is available in two editions, with or without CoCounsel AI. Both reconcile e-invoice and VAT/GST return data at line level. The edition powered by CoCounsel adds the Templating Agent, the Root Cause Analysis Agent and natural-language chat.

The solution can automatically process data from ONESOURCE Pagero and ONESOURCE Indirect Compliance and can also import data from other sources. This allows organisations to standardise reconciliation workflows even when relevant data sits across multiple systems.

The solution compares relevant e-invoice and VAT/GST return data at line level, then highlights unmatched or inconsistent records. Reviewers can use classification, reporting and AI-guided root-cause analysis to investigate the underlying transactions and resolve discrepancies.

Pre-defined variance categories help teams review reconciliation results consistently. Compliance-aware analysis can show the impact of discrepancies on relevant return boxes or payable and refundable amounts, helping teams focus on higher-impact items first. The Root Cause Analysis Agent adds jurisdiction-specific resolution guidance for each detected mismatch. 

Yes. ONESOURCE Reconciliations supports custom reconciliations, scheduled reporting and ad hoc reports, with standard reports and a drag-and-drop report builder offering filters, sorting, grouping and visuals, so teams can apply validations and views that reflect their organisation, entities and reporting processes.

Country-specific content helps teams reconcile e-invoice data with VAT/GST reporting as digital mandates expand. The solution can also support comparison between tax-authority prefilled returns and data prepared by the business where those regimes apply.

Yes. The solution is designed for scalable, multi-country operations and uses country-specific content, built and maintained by Thomson Reuters subject matter experts, to help teams maintain consistent reconciliation processes as local requirements evolve.

Standardised reports, discrepancy categories and audit trails create a clearer record of identified differences and how they were resolved. This helps teams explain variances internally and respond to tax-authority questions with supporting evidence.

ONESOURCE Reconciliations connects directly with ONESOURCE Pagero and ONESOURCE Indirect Compliance and can be opened directly from their reporting menus, so teams do not need to switch products. Within the wider indirect tax workflow, it sits between transaction and e-invoice data and the reporting and filing process, helping teams confirm that data aligns before submission.

Yes. In addition to automated data processing from ONESOURCE products, Reconciliations can import data from other sources, giving teams flexibility to bring external or third-party data into a consistent reconciliation workflow.

Access is role-based and aligned to product and entity permissions, with EU data residency support and strict data segregation. Customer data is never used to train shared or cross-tenant models.