Thomson Reuters, a global content and technology company, brings its SYNERGY conference to legal, tax and finance leaders in South East Asia for the first time. Amidst a turbulent macroeconomic environment, Thomson Reuters is delivering customer-driven innovation across its product portfolio to give professionals the knowledge and technology to solve for critical business challenges. Karan Batra, Regional Head of Corporates, Asia, Thomson Reuters said: “Professionals in Southeast Asia are optimistic about AI and how the right technology can afford them more time to focus on delivering higher-value work and best-in-class customer experiences. SYNERGY is set to provide attendees with the valuable knowledge, connections and trusted technology they need to inform the way forward for their business.”
Key announcements at SYNERGY Singapore 2024 include:
- Overview of CoCounsel, the world’s first professional-grade legal GenAI assistant: Redefining the way legal work is done, CoCounsel is powered by a combination of cutting-edge large language models, our trusted content, and software solutions. It provides the most comprehensive set of generative AI skills for legal professionals and aids the completion of essential work at unprecedented speeds.
- Ho Kin Onn, Associate Director, NLC Law Asia LLC, said: “Right now, a lot of my teams’ time is spent doing administrative tasks. With CoCounsel, I believe they will be able to focus on higher value, billable work and more importantly, upskill, to do tasks that will train them to eventually be leading counsel, second chairs, and so on.”
- Meaningful investment in our tax offerings: The evolving regulatory landscape and rise of e-invoicing and Global Minimum Tax across Southeast Asia sees tax professionals fulfilling the role of trusted business advisors more than ever before. Thomson Reuters is committed to meeting customers’ compliance needs through continued investment in our tax solutions such as ONESOURCE and the recently acquired Pagero, named as an e-invoicing leader in the 2024 IDC MarketScape.
- Meiting Liu, Senior Tax Manager, Orica, said: “Tax governance and controls are very important at Orica. Through rolling out ONESOURCE globally, we now have better control, discipline and visibility over tax adjustments and this ability to provide insight has led to our tax teams being engaged much earlier in the process to help drive business decisions.”
Other insightful topics from the day include:
- Forces Shaping Professional Work: AI is rapidly reshaping the Southeast Asian professional landscape. Industry leaders from Singapore Academy of Law, Shein and MET Group explore the profound impact it is having, including insights from The Future of Professionals report.
- Navigating the Complexity of Changing Regulations: Tax, finance and legal experts discuss the latest developments and strategic implications of new regulations on multinationals, including insights from the Ministry of Finance, EY and more.
- Ethical AI and Responsible Governance: In a panel hosted by Thomson Reuters Labs, leading voices from DBS, AWS, Clifford Chance and Aays delve into the ethical and responsible facets of using AI, as well as updates on emerging policies and establishing AI governance frameworks.