Thomson Reuters in eGRC Software

Thomson Reuters is one of the leading players in the eGRC market with a strong focus on legal GRC buyers. The company provides robust eGRC platforms for stakeholders who require regulatory tracking services and change management. The company has strategically evolved its offerings in the market to deliver advanced GRC on-demand (SaaS version) as well as traditional GRC solutions. Thomson Reuters also collaborated with Symphony Communication Services in June 2017, to integrate Thomson Reuters Eikon and Symphony Workflow Platform to strengthen information-rich collaboration across financial markets. The company has been maintaining a leading position in the market backed by strong investments in its eGRC portfolio. Among major platform vendors in the market, Thomson Reuters has been investing the largest portion of its revenue in eGRC product developments. The company has been also rapidly increasing its customer base, backed by a strong product portfolio and its attractive SaaS delivery mode, which is particularly lucrative for small and mid-sized organizations. Thomson Reuters has launched ONESOURCE Global Tax for SAP Ariba Solutions. This solution will help companies using SAP Ariba cloud services to easily calculate and comply with taxes associated with global procurement business transactions. The company focuses on execution, product quality, and customer satisfaction. Customer satisfaction and retention rates have improved across the business in 2016, and it is planning to act on customer feedback to align more effectively with the needs of its clients. Thomson Reuters is driving growth through a renewed focus on organic product development, yielding a robust product pipeline. The company is planning to further expand into fast-growing regions, including Latin America, Middle East and Africa, and parts of Asia.