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Thomson Reuters

$471–$30,225per year

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Median buyer pays

$2,068

per year

Based on data from 97 purchases, with buyers saving 12% on average.

Median: $2,068

$471

$30,225

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About Thomson Reuters

Thomson Reuters Overview

Thomson Reuters is the world's leading source of news and intelligent information for professional markets. They provide data and products around the legal, tax & accounting, trade & supply, and other markets. Thomson Reuters offers a large number of SKUs, including research tools and data sets that do not follow the traditional SaaS subscription model.

Thomson Reuters's 8 Products

ClearCompany

ClearCompany offers HR software that has that best practices to deliver better hiring experiences, seamless onboarding, easy performance and talent management, and goal alignment.

GoSystem Tax RS

GoSystem Tax RS is a professional income tax software from Thomson Reuters that provides users with a comprehensive suite of tools for tax planning, preparation, automation, compliance, and financial close. It also offers features such as payroll and workforce management services, employee benefit plans, billing management, document storage and organization, and professional development and education.

Thomson Reuters Checkpoint

Thomson Reuters Checkpoint provides comprehensive solutions for tax, accounting, audit, legal, trade, supply, risk, fraud, news, media, books, developers, business development, and more. It offers a wide range of tools and services to help businesses manage their finances, legal documents, and workflow processes more efficiently.

Thomson Reuters Compliance Learning

Thomson Reuters Compliance Learning provides an end-to-end ethics and compliance management platform to help close the gap between compliance and culture. With their products, topics and courses, they provide the tools and resources to help build ethically-aware and inspired workforces.

Thomson Reuters Eikon

Thomson Reuters Eikon is a financial analysis platform that provides access to trusted news, data, and analytics. With its intuitive design, it helps users make more informed decisions and stay ahead of the market.

Thomson Reuters ONESOURCE

Thomson Reuters ONESOURCE is a corporate tax software and services provider, offering a wide range of solutions for legal, tax, accounting, trade, supply, risk, fraud, news, media, books, developers, business development, billing management, court management, legal calendaring, practice management growth, project knowledge management, strategic law insights, workflow automation, and more.

Thomson Reuters Practical Law

Thomson Reuters Practical Law provides a comprehensive range of resources and legal updates to help Canadian lawyers stay up to date with the latest developments in their practice areas. It also offers customer support, training webinars, and career opportunities.

Westlaw

Westlaw is a trusted legal research platform that provides efficient access to reliable content, proprietary editorial enhancements, and advanced technology. It helps legal professionals to fast-track case onboarding, manage workflow, increase profits, and improve client satisfaction.

Compare prices for similar companies

Supplier	Thomson Reuters	Avalara
Median Contract Value	$2,068	$15,862
Deals handled	129	473
Unique Purchasers	84	251
Avg Savings	12.27%	16.12%

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DPA available

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Annual penetration tests

Negotiation insights

Discount levers

Success pontential

What you can give to move the needle on pricing

RenewalsNew purchases

Multi-Year

Case Study / Reference

Expected Growth / Economies of Scale

N/A

End of Quarter Signature

Quick Sales Process / Signature

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Vendr community insights for Thomson Reuters

Company with 201-1000 employeesThis month

"Leverage competitor pricing, emphasize your specific needs to avoid paying for unnecessary features, and inquire about discounts for bundling services or long-term contracts."

Company with 201-1000 employeesThis month

"Thomson Reuters legal tools are typically difficult negotiation scenarios with renewals, however, bringing other legal operations technology competitors like Wolters Kluwer ELM Solutions, Brightflag, and Legal Files Software can soften the conversation and increase likelihood of entertaining discounting, especially if the subscription has grown"

Company with 201-1000 employeesThis quarter

"Were able to negotiate 2 bridge months that give time to help with product transition at a lower average rate "

Company with 201-1000 employeesThis quarter

"For a flat renewal we were set to be charged at 10% uplift, having double checked usage we actually needed to descope on licences which pushed per unit pricing even higher. Although we were able to achieve a good outcome, I would advise beginning conversation very early with the Thomson Reuters team."

Company with 201-1000 employeesThis year

"Thomson Reuters will facilitate downgrades without increasing pricing or impacting the current rate when the conversation to do so begins 90+ days to the renewal date"

Company with 201-1000 employeesThis year

"Thomson Reuters will offer monthly payment terms even on longer term agreements. "

Company with 201-1000 employeesA while ago

"Uplifts for one-year agreements are usually proposed at a 10% uplift, but this is negotiable, and we were able to lower this to 7% at the time of our renewal. "