This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Thomson Reuters Successfully Completes The Oracle E-Business Suite 12.2 Beta Program

NEW YORK, Oct. 10, 2013 /PRNewswire/ -- Thomson Reuters today announced the successful completion of the Oracle E-Business Suite 12.2 beta program.  Based on the company's long-standing membership in Oracle PartnerNetwork (OPN), Thomson Reuters participated in the 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. 

Oracle E-Business Suite 12.2 introduces Online Patching to help dramatically 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 the public release, which was made last month.

Already known as global indirect tax innovators, with the patented Universal Tax Engine®, this latest news reinforces Thomson Reuters' commitment to being one of the first to market with the latest technology – whether through integration with complementary technology providers or via innovation of its award-winning tax solutions. 

The major Oracle E-Business Suite 12.2 testing activities included:
  • Installation and upgrade of Oracle E-Business Suite 12.2.
  • Online patching of Oracle E-Business Suite 12.2 database and application tier servers, while users remained active on the environment to confirm minimal downtime capabilities.  

"Our participation in Oracle's beta program showcases our commitment to the Oracle family of products," said Stefan Blumer, senior director technology at Thomson Reuters. "Our mutual customers benefit from the early assurance that Oracle E-Business Suite 12.2 works easily with the ONESOURCE Indirect Tax Integration for Oracle 12 and will allow them to upgrade to Oracle E-Business Suite 12.2 without further delay."

"Oracle's Release 12.2 Online Patching feature is a revolutionary breakthrough for customers of all sizes, including many of our largest most complex customers for whom a maintenance downtime is a critical business interruption," said Cliff Godwin, senior vice president, Oracle Applications Development. "Oracle's ability to deliver the Online Patching feature was made possible by working with many valued partners, including Thomson Reuters. We are delighted that the ONESOURCE Indirect Tax solution is available to our mutual customers."

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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.18 1.64%
FB $117.44 -0.95%
GOOG $692.33 -0.84%
TSLA $232.32 -3.92%
YHOO $36.02 -1.40%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs