AI-powered anomaly detection: now available in ONESOURCE Determination
Highlights
- AI-powered anomaly detection helps tax teams spot unusual tax results before they spread across many transactions.
- The system compares current tax results to historical patterns and flags unexpected changes for review.
- Anomaly detection shifts the tax workflow from searching for problems to reviewing changes already flagged as unusual.
Indirect tax teams process thousands of transactions every day. Most are correct. Some are not.
A tax rate changes when it should not. An exemption certificate fails to apply. A tax authority disappears from a transaction. Small problems like these may remain hidden until a reconciliation, audit, or customer inquiry brings them to light. By then, they may have affected many more transactions.
ONESOURCE Determination helps tax teams spot unusual tax results sooner. The system learns what is normal, then flags changes that deserve a closer look.
To dig deeper, visit the original article on the Thomson Reuters blog.